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(HBO) - Hoa Binh province has recently implemented a social housing project, which has drawn the attention of locals, especially those with low income. To meet locals’ needs, the Hoa Binh branch of the Vietnam Bank for Social Policies (VBSP) has actively carried out a lending programme for social housing in the locality.
Currently, the Hoa Binh branch of the Vietnam Bank for Social Policies (VBSP) is actively implementing a lending programme for social housing. Photo: The social housing project invested by Sao Vang Real Estate joint Stock Company in Hoa Binh city.
According to the statistics of the bank, in 2020, the social housing lending programme offered loans worth over 8.7 billion VND for 25 customers. The total outstanding loans reached nearly 15 billion VND with 46 customers as of December 31, 2020.
From the beginning of this year, the VBSP has allocated an additional 45 billion VND to its Hoa Binh branch, which is expected to meet the demand for loans of customers to help them pay for housing buying under contracts with investors. In the first six months of 2021, the branch disbursed over 4.5 billion VND for 17 households, bringing the total outstanding balance of the credit programme to nearly 19 billion VND with 62 customers with outstanding loans.
According to a leader of the provincial branch of the VBSP, the interest rate of loans under the Social Housing Lending Programme is 4.8 percent a year as regulated in the Government’s Decree No. 100/2015/ND-CP. The beneficiaries include revolution contributors, low-income people, poor households, and near-poor households in urban areas, workers of enterprises inside and outside industrial parks, military officers, non-commissioned officers, workers in agencies and units of the public security forces and the People's Army, and civil servants as prescribed by law.
Customers can borrow up to 80 percent of the contract value for the case of buying or renting social housing and 70 percent of the estimated value for the construction of a new house or renovation or repair of existing houses for a maximum period of 25 years./.
In the first quarter of 2024, the credit institutions in the province have actively deployed the legal documents of the State and the State Bank relating to currency, credit and interest rates. At the same time, they have promoted the capital mobilization, focusing on the solutions to expand the credit investment along with strengthening the credit quality management, lending to priority programs to promptly meet the capital needs for export - business and consumer demand during Tet in 2024.
Outside the key economic region of Hoa Binh, yet Lac Son district has utilised its potential and strengths regarding labour, land, and transportation connectivity to attract investment to the locality, contributing to promoting socio-economic development.
In a move to expedite the execution and disbursement of the 2024 capital plan for ODA projects, aiming for a disbursement rate of over 90% of the allocated funding, the Hoa Binh People's Committee issued Document No. 483/UBND-KTN on April 3, 2024, regarding such efforts.
Nguyen Van Thap from Kim Duc hamlet, Vinh Tien commune, Kim Boi district, has built the brand of Hoa Qua Son for local fruits. His efforts have brought about income for his family and generated job opportunities for locals, helping hundreds of households escape from poverty.
The Hoa Binh administration was entrusted by the Prime Minister with a budget of 3.43 trillion VND (142.91 million USD) for investment in 2024. The provincial People's Council approved nearly 3.76 trillion VND, which has been meticulously allocated to projects, achieving 100% of the assigned capital plan.
Hoa Binh province has mobilised all resources to propel local agricultural products to make inroads into foreign markets, towards lifting the export turnover of key agricultural products to 137.8 million USD by 2030, accounting for 3.4% of the locality’s total export value of goods.
The locality aims to export farm produce to the US, the European Union, the UK, China, Japan, and the Republic of Korea.
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