Help people build solid houses
Mr. Nguyen Van Huy, a veteran in Tam Dan commune, Phu Ninh district, has just completed a new, spacious house of over 100 square meters, worth over 600 million VND. In addition to the family's savings, the family borrowed 200 million VND from the Government's social housing loan program, through the Phu Ninh District Social Policy Bank (CSXH) Transaction Office.
“Thanks to the social housing loan support program, my family boldly borrowed money to build a new house. Up to now, the solid house has been completed before the rainy season this year, making us very happy and excited,” said Mr. Huy.
According to the Phu Ninh District Social Policy Bank branch, up to now, the outstanding loans for social housing investment according to Decree No. 100 (2015) of the Government in the district have reached more than 42.7 billion VND; 159 new houses have been built to help people settle down and stabilize their lives, help the locality ensure social security, and contribute to eliminating temporary houses, leaky houses, and non-solid houses.
Increase lending rates
According to Mr. Hoang Thanh Lan - Head of Planning - Operations Division (Social Policy Bank, Quang Nam branch), the social housing loan program under Decree No. 100 of the Government through the Social Policy Bank channel applies to households with revolutionary contributions, low-income people, poor and near-poor households in urban areas; workers working in enterprises inside and outside industrial zones; officers, professional non-commissioned officers, technical officers, professional soldiers, workers in agencies and units of the People's Public Security and the People's Army; cadres, civil servants and public employees as prescribed by law.
This is a very practical and meaningful program, helping many families build houses to settle down and make a living. Up to now, the outstanding loan balance of the program in the whole province is 601 billion VND - Mr. Lan said.
After about 9 months of the year, the implementation of the social housing loan program under Decree No. 100 through the policy bank channel was stopped, recently, Prime Minister Pham Minh Chinh assigned the Ministry of Construction to preside over and coordinate with the Ministry of Planning and Investment, the Ministry of Finance, and the State Bank of Vietnam to complete in October 2024 the research, development, and implementation of a preferential credit package of about 30 trillion VND, so that the Bank for Social Policies can continue to provide loans.
Of which, 15 trillion VND is capital from issuing government bonds and 15 trillion VND is from the budget of provinces and cities entrusted for lending.
According to the Bank representative, the social housing loan program under Decree No. 100 of the Government has been implemented since 2015 with an interest rate of 4.8%/year.
From August 1, 2024, the new interest rate will be adjusted to 6.6%/year, equal to the current lending interest rate for poor households, to ensure the sustainability of the lending program and reduce the burden on the state budget.
