THE STATE BANK OF VIETNAM
Circular No. 25/2015/TT-NHNN dated December 09, 2015 of the State Bank of Vietnam on instructions on concessional loan for implementation of social housing policies
Pursuant to the Law on State Bank No. 46/2010/QH12 dated June 16, 2010;
Pursuant to the Law on credit institutions No. 47/2010/QH12 dated June 16, 2010;
Pursuant to the Law on Housing No. 65/2014/QH13 dated November 25, 2014;
Pursuant to the Government's Decree No. 156/2013/ND-CP dated November 11, 2013 defining the functions, tasks, entitlements and organizational structure of the State bank of Vietnam;
Pursuant to the Government’s Decree No. 100/2015/ND-CP dated October 20, 2015 on development and management of social houses;
At the request of general director of SBV Credit Department;
Governor of the State Bank promulgates the Circular providing guidance on provision of concessional loans for implementation of social housing policies in Decree No. 100/2015/ND-CP dated October 20, 2015.
Article 1. Scope of adjustment
1. This Circular provides guidance on provision of concessional loans for implementation of social housing policies to appointed credit institutions as prescribed in Decree No. 100/2015/ND-CP dated October 20, 2015.
2. Loans provided by the bank for social policies and loans obtained by persons as prescribed in Clauses 1, 2, 3, Article 49 of the Law on Housing for construction, renovation or repairs of houses according to specific provision set out in the Target program decided by the Government, the Prime Minister are not subject to the governing scope hereof.
3. Loans for solving difficulties for production and business, market support, handling of bad debts and guiding documents issued by competent agencies are not subject to the governing scope hereof.
Article 2. Subject of application
1. Entities applying for loans to carry out investment and construction of social houses are prescribed in Clause 1, Article 15 of Decree No. 100/2015/ND-CP.
2. Entities applying for loans to purchase, lease, lease purchase social houses; construct or renovate houses for occupation are prescribed in Clause 1, Article 16 of Decree No. 100/2015/ND-CP.
