In the context of housing real estate prices continuously fluctuating and increasing, the dream of settling down for workers seems to be increasingly distant. In Ninh Binh, credit capital for social housing loans from the Vietnam Bank for Social Policies is becoming a fulcrum, contributing to realizing the aspiration for a home for workers, contributing to ensuring social security in the locality.
The story of Mr. Mai Van Phuong's family (Hoa Lu ward, Ninh Binh) is an example. Leaving his hometown of Thanh Hoa to Ninh Binh to start a business, for 20 long years, his family had to live in a cramped rented room. The meager salary of workers had to save for living expenses and rent, making the dream of a spacious, clean and beautiful apartment seem unthinkable.
However, the financial bottleneck has been removed thanks to the preferential loan package from the Vietnam Bank for Social Policies. Mr. and Mrs. Phuong bought a 60m2 house with a installment payment period of up to 20 years, with low interest rates suitable for the financial capacity of the couple.
Mr. Phuong shared: "Thanks to a loan of 500 million VND from the Provincial Social Policy Bank, my wife and I have bought a house and gradually stabilized our lives.
Similarly, for the family of Mr. Vu Manh Tuong, born in 1988, residing in Dong Van ward, Ninh Binh province, Mr. Tuong said that both his wife and he work as workers at Dong Van 4 Industrial Park. With a total income of less than 20 million VND/month and raising young children, buying a house is a distant dream for his wife and him.
However, that dream came true, in March 2025, thanks to borrowing 350 million VND from the Provincial Social Policy Bank, the couple bought a 54m2 house right near their workplace.
Thanks to preferential loans from the Provincial Social Policy Bank, my wife and I have a stable place to live to feel secure in working. Low interest rates, debt repayment time lasting nearly 20 years, this is very suitable for the circumstances and income of the couple" - Mr. Tuong shared.
Mr. Pham Duc Cuong - Director of the Ninh Binh Provincial Social Policy Bank Branch said that to create a solid legal corridor for low-income workers to borrow social housing, the Government has issued Decree No. 261/2025/ND-CP (amending and supplementing a number of articles of Decree No. 100/2024/ND-CP). Accordingly, the income level considered for enjoying social housing policies has increased significantly.
In addition, the interest rate also decreased to only 5.4%/year, with a maximum term of 25 years and a maximum loan amount of 80% of the value of the house purchase, lease-purchase contract or 1 billion VND for new construction, repair...
The social housing loan program is a major policy, with humanistic significance, making an important contribution to improving the lives of workers in industrial parks and many other target groups. Bringing policy capital to the right target groups is not only a financial solution, but also the most feasible path for low-income people to reach a shelter" - Mr. Cuong shared.
