Da Nang: Vietcombank 'pumps' 750 billion VND into An Trung 2 social housing project

DNVN - On the morning of March 5 in Da Nang, Joint Stock Commercial Bank for Foreign Trade of Vietnam ( Vietcombank - VCB) - Ky Dong Branch (Ho Chi Minh City) signed with Duc Manh Joint Venture - 579 credit contracts for the An Trung 2 social housing project worth 750 billion VND.

An Trung 2 social housing project (An Hai Nam ward, Son Tra district, Da Nang city) is invested by Duc Manh - 579 Joint Venture (DMC - 579) on a land area of ​​nearly 14,000m2. The project has 3 blocks, including block A with 18 floors of apartments and 1 floor of semi-basement for motorbike parking; block B with 15 floors of apartments and 1 floor of semi-basement for motorbike parking; block C with 12 floors of apartments.

VCB Ky Dong Branch ( Ho Chi Minh City) signed a contract to provide preferential capital to continue implementing the An Trung 2 Social Housing Project (Da Nang).

Mr. Dam Quang Tuan - Chairman of DMC - 579 Joint Venture said that in 2019, the project was completed and put into use block C with 324/971 apartments. Currently, the project is continuing to accelerate construction to complete and put into use blocks A and B including 633 apartments in the fourth quarter of 2025 according to the schedule approved by the People's Committee of Da Nang City.

“Social housing is receiving great attention from the Government as well as ministries and branches, as shown in the Prime Minister’s project “Investing in the construction of at least 1 million social housing apartments in the 2021-2030 period”. With the support and financial support from VCB, we believe that the project will continue to be implemented smoothly and on schedule, contributing to solving the housing needs of low-income people,” said Mr. Dam Quang Tuan.

Director of VCB Ky Dong Branch Truong Anh Tuan said that previously, VCB Ky Dong Branch signed with DMC Joint Venture - 579 a credit supply contract for the Ly Thuong Kiet Social Housing Project (Ho Chi Minh City) with a scale of 25 floors, including 1,254 social housing and commercial apartments with a total investment of up to 1,500 billion VND.

DMC - 579 Joint Venture awarded red books to representatives of households who purchased social housing at block C of An Trung 2 project.

For the An Trung 2 social housing project, VCB provides credit capital of VND750 billion with preferential interest rates of 5-6%, including two packages. The VND350 billion package is lent by VCB Ky Dong Branch to the investor to build blocks A and B; the VND400 billion package is lent by VCB branches in Da Nang to eligible people to buy social housing in these two blocks.

In the near future, VCB Ky Dong Branch will continue to sign with DMC Joint Venture - 579 a contract to provide credit capital for the Dai Dia Bao Social Housing Project (Nai Hien Dong Ward, Son Tra District, Da Nang City) including 237 apartments and 28 kiosks, raising the total investment of the 3 projects to nearly 2,000 billion with more than 2,000 apartments about to be launched on the market. Of which, VCB will finance the capital for the projects up to more than 1,500 billion VND.

“The success of the Ly Thuong Kiet social housing project (Ho Chi Minh City) is the basis for us to continue to provide preferential credit capital for the two social housing projects An Trung 2 and Dai Dia Bao in Da Nang. This also affirms the investor’s reputation in implementing social housing projects, meeting the needs of low-income people in accordance with the Government’s policies,” said Mr. Truong Anh Tuan.

On this occasion, DMC – 579 Joint Venture also organized the handover of Land Use Rights Certificates and Property Ownership Certificates (red books) to residents who bought apartments in Block C of the An Trung 2 Social Housing Project.

Hai Chau

Source: https://doanhnghiepvn.vn/kinh-te/da-nang-vietcombank-bom-750-ty-dong-cho-du-an-nha-o-xa-hoi-an-trung-2/20250305112940797