Press release on issuance of Circular No. 20/2021/TT-NHNN
Hanoi, November 30, 2021 – The Governor of the State Bank of Vietnam (SBV) has issued Circular No. 20/2021/TT-NHNN amending and supplementing a number of Articles of Circular No. 25/2015/TT-NHNN dated December 9, 2015 providing guidance for the preferential loans for implementing the social housing policy.
This Circular is composed of four (04) Articles, which amend, supplement and abolish a number of Articles of Circular No. 25/2015/TT-NHNN in order to ensure consistency with the provisions of the Housing Law and Decree No. 49/2021/ND-CP dated April 1, 2021 of the Government, with the following basic substances:
- The amendments and supplementations related to the subjects of the preferential loans.
- The amendments and supplementations on the loan maturities, the maximum loan amounts for customers for constructing new houses, or for renovating or repairing existing houses for living.
- Abolishing and replacing a number of Articles, Paragraphs, Templates related to the subjects of the preferential loans, who are eligible to access the loans to buy, rent or lease-purchase social houses.
The Circular will take effect from January 20, 2022.
Translated by LK.