- Sir, in recent years, how has the support for loans to help low-income people have housing been implemented?

Mr. Nguyen Thanh Dong: The provincial branch of the Social Policy Bank actively, proactively and promptly advised the Provincial People's Committee and the Board of Directors of the Provincial Social Policy Bank to issue many directive documents, deploy and implement synchronously in the area, aiming to focus the attention and drastic participation of the entire political system at all levels, especially local Party committees and authorities on social policy credit, caring for the poor and policy beneficiaries.

At the same time, the Provincial Branch of the Vietnam Bank for Social Policies regularly disseminates, deploys, and disseminates widely to all cadres, party members, and employees of the unit according to their functions and tasks to effectively implement the contents of Directive No. 34-CT/TW, Directive No. 39-CT/TW, and Plan No. 285-KH/TU in the area. The Provincial Branch of the Social Policy Bank issued Official Dispatch No. 1986/NHCS-KHTD dated December 31, 2024 on the implementation of Directive No. 34-CT/TW, Official Dispatch No. 291/NHCS-KHTD dated March 4, 2025 on preferential credit policies for social housing loans according to Decree No. 100/2024/ND-CP dated July 26, 2024 of the Government detailing a number of articles of the Housing Law on the development and management of social housing, in order to promptly and regularly coordinate with units, localities, and socio-political organizations in organizing the implementation of preferential social housing loan programs.

Closely follow and closely deploy to customers and related units to carry out documents, procedures and processes for secured loans according to the instructions in Official Dispatch No. 4546/HD-NHCS dated August 1, 2024 of the General Director of the Vietnam Bank for Social Policies; focus on propaganda, dissemination and doing well the work of supporting, serving and ensuring investment capital for policy beneficiaries and low-income people to access and borrow preferential loans for social housing in the most convenient way.

The staff of the Social Policy Bank provide dedicated and detailed guidance on the terms and necessary procedures for borrowers.

The staff of the Social Policy Bank provide dedicated and detailed guidance on the terms and necessary procedures for borrowers.

- In 2025, what will change in the conditions for preferential loans to buy social housing at the Vietnam Bank for Social Policies, to support low-income people to have housing, sir?

Mr. Nguyen Thanh Dong: The conditions for preferential loans to buy social housing at the Vietnam Bank for Social Policies are basically also according to Decree No. 100/2024/ND-CP dated July 26, 2024 of the Government; there are changes compared to before in expanding the beneficiaries (currently 8 groups, previously 5 groups) and increasing the loan amount for new construction or renovation and repair of houses to a maximum of 1 billion VND (previously 500 million VND).

The subjects eligible for loans are people with revolutionary contributions, relatives of martyrs who are eligible for housing improvement support according to the provisions of the Ordinance on preferential treatment for people with revolutionary contributions. Poor and near-poor households in rural areas. Poor and near-poor households in rural areas in areas frequently affected by natural disasters and climate change. Poor and near-poor households in urban areas. Low-income people in urban areas. Workers and laborers working at enterprises, cooperatives, and cooperative unions inside and outside industrial zones. Officers, professional soldiers, non-commissioned officers of the People's Armed Forces (LLVTND), police workers, civil servants, defense workers and officials on active duty; people working in secretarial work, people working in other secretarial organizations receiving salaries from the State budget currently working. Cadres, civil servants and public employees according to the provisions of the law on cadres, civil servants and public employees.

Regarding the loan amount, for loans to build new houses or renovate and repair houses: The maximum loan amount is 70% of the estimated value or capital usage plan, not exceeding 1 billion VND, based on the construction investment capital rate, housing construction unit price of the competent authority and not exceeding 70% of the value of the property securing the loan. For loans to buy or hire-purchase social housing or housing for the People's Armed Forces: The maximum loan amount is 80% of the contract value for buying or hire-purchasing social housing or housing for the People's Armed Forces.

Conditions for borrowing capital to build new houses or renovate and repair houses: Have a source of income and the ability to repay the debt; have a loan application; have sufficient documents proving the subjects, conditions, and housing status; register permanent residence at the commune-level administrative unit where the residential land and houses need to be built or renovated or repaired are located; have a certificate of land use rights and ownership of assets attached to the land for the housing project that needs to be built or renovated or repaired; have a cost calculation plan and a construction permit; secure the loan with the value of the land use rights and assets attached to the residential land or other assets according to the provisions of law.

Conditions for borrowing capital to buy or hire-purchase social housing or housing for the People's Armed Forces: having a source of income and the ability to repay the debt; loan application; contract to buy or hire-purchase social housing or housing for the People's Armed Forces with the investor; securing the loan with the house being purchased or hired-purchased.

- Can you give specific information about the loan approval process and procedures?

Mr. Nguyen Thanh Dong: For loans to build or renovate and repair houses, customers borrow directly at the Social Policy Bank where they reside and entrust some work contents to socio-political organizations, including: Women's Union, Veterans Association, Farmers' Association and Youth Union. For loans to buy, rent-purchase social housing, housing for the People's Armed Forces, customers borrow directly at the Social Policy Bank with projects in the area.

Loan approval is carried out in a public and transparent manner; documents and procedures are quick; procedural forms are public and announced; the approval process and loan procedures are guaranteed and comply with the instructions in Official Dispatch No. 4546/HD-NHCS dated August 1, 2024 of the General Director of the Vietnam Bank for Social Policies.

- Sir, how does the provincial People's Credit Fund support low-income people to access preferential credit sources?

Mr. Nguyen Thanh Dong: Since the preferential lending policy was introduced, the Provincial Branch of the Vietnam Bank for Social Policies has proactively built a bridge between the bank and customers in the province, through the QR code scanning software application or accessing the link to regularly monitor and update policy information and lending regulations; promptly grasp customers' wishes when they need to borrow capital and access preferential social housing loans conveniently, quickly and responsibly, so that people can benefit the most.

Thank you!

According to Mr. Nguyen Thanh Dong, the staff of the Social Policy Bank where the loan is made will directly contact, advise and support customers in setting up documents and procedures to ensure strictness, timeliness and completeness according to regulations, in order to reduce time and costs incurred. Specifically, when customers need to learn and grasp information, they will scan the QR code or access the link: https://forms.gle/NZX2Up46UMsRdjmF8 to update some necessary information about the loan application needs and will be contacted by the Social Policy Bank staff for direct consultation and support.

Performed by Lam Khanh

Source: https://baocamau.vn/de-nguoi-dan-thu-huong-tot-nhat-tin-dung-chinh-sach-a38811.html