Vietnam's Mortgage Rates Jump, Impacting Homebuyers

Would-be homeowners in Vietnam are being hit by sharply higher mortgage rates as banks face growing pressure to fund the government’s ambitious nationwide infrastructure push.

Mortgage rates have climbed steeply in recent weeks, with average charges now around 12% to 14% and floating rates reaching as high as 15% to 16%, the construction ministry said last month. That’s a sharp increase from 2025, when banks were offering buyers aged under 35 introductory rates of 5% to 7%.