ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Vietnam lender gets $100m from IFC for middle-class home loans

SeABank aims to double mortgages as property market suffers luxury-affordable mismatch

Vietnam has high-end apartments aplenty but far from enough affordable housing to meet demand in a country where monthly wages average $320. (Photo by Lien Hoang)

HO CHI MINH CITY -- The International Finance Corporation is investing $100 million into Vietnamese lender SeABank to provide loans for affordable homes in a market that offers plenty of luxury condos but not enough cheaper units to meet demand.

The IFC is targeting low- and middle-income borrowers in the fast-growing economy, which requires 374,000 new homes a year, the World Bank arm said on Tuesday. But the investment does not address the more chronic problem of supply in Vietnamese real estate.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more