• Prime Minister commends Ca Mau province for quickly implementing social housing projects
  • Signing credit contract for social housing project

Mr. Nguyen Duc Hien, Standing Deputy Secretary of the Provincial Party Committee, said: “The province has implemented two programs in parallel, which are the program to eliminate 4,400 temporary and dilapidated houses and the program to develop social housing. The implementation of the social housing project in Hamlet 5, Ward 9 is of great significance to the province, both in line with the general policy of the Central Government and creating a housing fund to help low-income cadres, civil servants, people and workers in the province.”

It is known that the Social Housing Project in Hamlet 5, Ward 9, has a scale of 945 apartments with a total area of ​​13.2 hectares, invested by Asia Infrastructure Development and Construction Joint Stock Company. In early February 2025, the construction of the project's foundation infrastructure was deployed, expected to be completed in 2026; in early 2027, the apartments will be handed over to policy beneficiaries, workers, cadres, soldiers and low-income people.

Sketch of social housing model in Hamlet 5, Ward 9, Ca Mau City, scale of 945 apartments with a total area of ​​13.2 hectares.

Sketch of social housing model in Hamlet 5, Ward 9, Ca Mau City, scale of 945 apartments with a total area of ​​13.2 hectares.

Ms. Le Thi Hong Que, Vice Chairwoman of the Board of Directors of Asia Infrastructure Development and Construction Joint Stock Company, shared: “The highlight compared to many other projects is that all the townhouses are from 2 to 4 floors, suitable for the customs and practices of the Western people. With a large project area, we have the conditions to ensure the facilities of schools, supermarkets, parks, parking lots, creating a crowded and fully-equipped complex. Another important point is that the project location is very favorable, right in the new administrative area, densely populated, convenient for officials and people to travel, work and study”.

As the unit that signed the credit contract with the investor, Mr. Nguyen Tu, Director of Viettinbank Ca Mau Branch, said that the two units had a very thorough, professional, and drastic evaluation and appraisal process and decided to go ahead with the financing and signing of the credit contracts.

"In the immediate future, we will lend to investors with a credit limit of nearly 300 billion VND, to ensure sufficient credit for investors to accelerate project progress and ensure efficiency. At the same time, we also have a large source of credit for home buyers. Immediately after the investor opens for sale, for individuals who want to buy social housing, we will continue to support preferential loan interest rate packages for those in need, so that they can soon access quality products, feel secure in paying off loans, and ensure their lives," Mr. Nguyen Tu added.

Mr. Lieu Tri Tai, Deputy Director of the State Bank of Vietnam, Branch 15, informed: “Recently, the State Bank has implemented many policies, creating favorable conditions for commercial banks to lend to social housing projects. Specifically, when the program was first launched, only 4 commercial banks participated, up to now, 89 commercial banks have participated, the value of the credit package increased from 120,000 billion VND to 145,000 billion VND”.

1/ Ca Mau has implemented 2 social housing projects. In the photo: Social housing project in Tan Xuyen ward, Ca Mau city, basically completed.

Ca Mau has implemented 2 social housing projects. In the photo: The social housing project in Tan Xuyen ward, Ca Mau city, is basically completed.

In early 2025, the State Bank of the province also instructed commercial banks not to calculate outstanding loans for subjects under the social housing loan program that commercial banks have registered to participate in with the State Bank into the annual credit growth target, in order to encourage banks to actively lend for social housing.

On the other hand, the State Bank has directed commercial banks to reduce costs and lending interest rates. At the beginning of the social housing lending program, the interest rate for investors was 8.7%/year and 8.2%/year for home buyers. Up to now, the interest rate for investors is 6.6%/year and only 6.1% for home buyers. "This is a great effort, reducing interest rates by 2%, creating all conditions for investors to invest in social housing projects and for low-income people to have access to quality housing," Mr. Lieu Tri Tai excitedly said.

Standing Deputy Secretary of the Provincial Party Committee Nguyen Duc Hien shared that Ca Mau is a province far from the center of big cities, still facing difficulties in terms of infrastructure, transportation, geological conditions, and weak soil, so investors coming to Ca Mau is very valuable. The province hopes that more investors will come to the locality to build projects, especially social housing projects, to meet the housing needs of low-income workers here.

"We are committed to providing maximum support and creating favorable conditions for investors to successfully implement the project. Investors need to pay attention to investing in supporting infrastructure in the project, creating a model social housing urban area in Ca Mau," the Standing Deputy Secretary of the Provincial Party Committee confided.

Hong Nhung

Source: https://baocamau.vn/day-manh-trien-khai-nha-o-xa-hoi-a38700.html