Viet Nam: Housing Finance Project

Evaluation Document | 12 September 2014

Validates the completion report’s assessment of the project, which aimed to establish a sustainable housing finance market in Viet Nam that would be accessible to urban low-income and poor households. IED overall assessment: Less than successful.

At the time of project preparation, there was a serious shortage of housing in urban centers in Viet Nam. Housing conditions deteriorated due to rapid population growth and rural–urban migration. The urban population was increasing at a rate of 3.8% per annum in the previous decade prior to 2002. Almost 40% of households in urban areas occupied usable housing space of less than 36 square meters each, with 16% of households occupying less than 24 square meters. The problem particularly affected urban low-income and poor households, which did not have sufficient access to affordable housing finance. Also, financial institutions were unable to provide long-term housing finance due to lack of access to long-term funds.

This report validates the completion report’s assessment of the project, which aimed to establish a sustainable housing finance market in Viet Nam that would be accessible to urban low-income and poor households. IED overall assessment: Less than successful.

Contents 

  • Project Basic Data
  • Project Description
  • Evaluation of Performance and Ratings
  • Other Performance Assessments
  • Overall Assessment, Lessons, and Recommendations
  • Other Considerations and Follow-up