Capital creates a stable home.

Funding from the Tuy Phong branch of the Vietnam Bank for Social Policies (VBSP) has become a solid foundation, helping many poor and near-poor households, policy beneficiary families, and low-income individuals in the area improve their housing, invest in production and livestock farming, and achieve stable lives.

Settling down leads to a prosperous life.

The social housing loan program of the Vietnam Bank for Social Policies (VBSP) is considered a "key" that helps many families of civil servants, public employees, and low-income workers build their homes. This allows them to work with peace of mind, stabilize their lives, and contribute to ensuring social security in their localities.

Credit officers and the head of the TKVV group at the home of the Le Chau family.

Mr. Le Chau's family (from Phan Ri Cua commune), where he works as a civil servant and his wife runs a small business, recently completed their new, spacious house thanks to a 400 million VND loan from the social housing program. Previously, the couple lived in a small, cramped house given to them by their parents after their marriage. Through the local Women's Association, the family received a preferential interest rate loan to build a more spacious and comfortable home. "Thanks to this loan, our dream of owning a new house has come true. With a solid house, we have more motivation to work and raise our children," Mr. Chau shared.

Similarly, Ms. Nguyen Thi Sen, a teacher at Bong Sen Kindergarten (Lien Huong commune), was also moved when talking about her newly completed house: “I never thought I could build such a spacious new house; it feels like a dream. After many years of saving, my husband and I only managed to accumulate 200 million VND, a very modest amount compared to the current cost of building a house. Luckily, I was able to borrow an additional 500 million VND from the social housing program. The new house is a solid foundation for our family to feel secure and build a long-term life.” Ms. Sen and her husband previously lived in a small house on land given to them by their parents; the completion of their new home today is a source of happiness for the couple and their children.

Borrowing capital for cattle farming in Phan Rí Cửa commune

Maximizing the effectiveness of capital

Ms. Chau Thi Bich Le, Head of the Savings and Loan Group and Secretary of the Party Branch of Song Thanh village (Phan Ri Cua commune), said: “The entire group currently has 60 households borrowing capital with a total outstanding debt of 2.4 billion VND. Besides borrowing capital for house construction, the people here mainly work as fishermen, construction workers, and small traders. The capital from the Social Policy Bank has helped them purchase fishing gear, trade seafood and fruit, and all borrowers have used the capital for its intended purpose and repaid the principal and interest on time.”

Mr. Dang Cong Dam, Director of the Tuy Phong Branch of the Vietnam Bank for Social Policies (VBSP), stated: "Since the beginning of the year, the unit has disbursed loans for 13 houses under the social housing loan program. As of the end of June 2025, the total outstanding debt of policy credit programs reached VND 642.8 billion, equivalent to 97.6% of the annual plan and an increase of VND 38.3 billion compared to the beginning of the year. Total loan disbursements from the beginning of the year to date reached over VND 90.7 billion with 2,323 loan applications. Debt collection reached VND 52.4 billion. The total number of households with outstanding debt is 14,769, with an average outstanding debt of VND 44 million per household."

The branch's fundraising activities also recorded positive results. To date, the total balance of savings deposits has reached VND 54.8 billion, equivalent to 107.2% of the plan, an increase of VND 3.68 billion compared to the beginning of the year. Specifically, the local budget funds entrusted through the Vietnam Bank for Social Policies currently amount to over VND 19 billion, accounting for 2.96% of the total funds.

Following the administrative reorganization, the former Tuy Phong area, comprising four communes: Tuy Phong, Lien Huong, Phan Ri Cua, and Vinh Hao, continues to maintain its unique organizational model and management methods for policy-based credit. Currently, the entire area still maintains 294 Savings and Loan Groups, preserving the old commune transaction points to facilitate easy and timely access to policy-based capital for the people.

Source: https://baolamdong.vn/dong-von-tao-an-cu-381639.html