Circular No. 11/2013/TT-NHNN dated May 15, 2013 of the State Bank, stipulating provision of loans for housing assistance according to the Government’s Resolution No. 02/NQ-CP dated january 07, 2013 (9 pages)

This Circular stipulates on provision of loans for housing assistance from the re-financing source of the State bank of Vietnam (hereinafter referred to as the State bank) according to the Government’s Resolution No. 02/NQ-CP dated January 07, 2013 on some solutions to remove difficulties for business production, market support, handling of bad debts and the Government’s Resolution No. 48/NQ-CP dated April 04, 2013 on the Government's regular session in March 2013.

Subjects will be borrowed this loans (hereinafter referred to as clients) include:

- Subjects conducting the purchase, hiring, purchase-hiring of social houses and the hiring, purchase of commercial houses with areas of less than 70m2, at sale price of less than 15,000,000 VND/m2 specified in the Circular No. 07/2013/TT-BXD , dated May 15, 2013 of the Ministry of Construction guiding on the determination of subjects entitled to borrow loans for housing assistance according to the Government’s Resolution No. 02/NQ-CP dated January 07, 2013 and documents revising, replacing the Circular No. 07/2013/TT-BXD (if any);

- In each period, the Ministry of Construction shall announce enterprises being investors of projects on social house construction; enterprises being investors of projects on commercial houses converted the use purpose into projects on social houses

This Circular takes effect on June 01, 2013