Mr. Dinh Van Viet, Tan Binh area, Au Co ward, Phu Tho town, was happy to realize his dream of having a solid house.
We visited a 4-level house of more than 200 square meters , designed with 4 bedrooms, a central living room with a kitchen, and an outbuilding of the family of war invalid and sick soldier Dinh Van Viet, Tan Binh area, Au Co ward, Phu Tho town, which had just been inaugurated and still smelled of new paint. The house was built to replace an old house that had been seriously degraded for decades, but Mr. Viet's family did not have the conditions to do so. When informed about the social housing loan program, Mr. Viet researched and was guided by the staff of the Social Policy Bank of Phu Tho town on the loan procedures for building a house.
Mr. Viet said: “The total value of this house is about 1.2 billion VND, of which my family borrowed 450 million VND from the bank with an interest rate of 0.55%/month, the loan period is 15 years. According to the bank staff's calculation, each month I pay both principal and interest of about 6 million VND. This amount is suitable for our family's circumstances, so we are not under pressure to pay the debt.”
The family of Mr. Dinh Duc Thien in Au Co ward came to the Social Policy Bank of Phu Tho town to submit a loan application for the social housing credit program to build a new house. After assessing the application and the customer's financial capacity, the Bank disbursed him a loan of 480 million VND in stages. Mr. Thien shared: "The old house built many years ago is now degraded, not ensuring the family's living conditions. Both my husband and I are teachers, to build a new house requires a large amount of money, while my income is limited, the social housing credit program is a practical and meaningful solution to help us fulfill our dream."
With his savings and policy loans, Mr. Dinh Duc Thien in Au Co ward, Phu Tho town has built a spacious "nest".
In the past, the Phu Tho Town Social Policy Bank has always prioritized ensuring timely supply of social housing loans for low-income people who need loans to buy houses, rent social housing; build houses, repair houses to stabilize their lives. In 2025, the Phu Tho Town Social Policy Bank Transaction Office was assigned by superiors to lend social housing of 6.5 billion VND to 18 households. Up to now, there have been 152 customers borrowing capital with outstanding loans of over 53 billion VND (the highest outstanding loans compared to districts and cities in the province).
Comrade Nguyen Ngoc Lam - Director of Phu Tho Town Social Policy Bank said: "When there was a plan from the superiors, we coordinated with local socio-political organizations and savings and loan groups in residential areas to promote propaganda work as well as review loan needs so that beneficiaries can understand and access this source of capital. Thereby contributing to improving the quality of life, ensuring social security and building new rural and civilized urban areas in the area".
Implementing the Social Housing Loan Program under Decree 100, the provincial branch of the Vietnam Bank for Social Policies has actively coordinated with local authorities and socio-political organizations to delegate all levels to promote propaganda, review and synthesize the loan needs of beneficiaries, and request the Vietnam Bank for Social Policies to supplement capital according to regulations.
In order for low-income people to have a place to "settle down", in the period of 2025 - 2030, the province must complete 21,865 social housing units, of which 1,390 units will be completed in 2025. Through a review of the province, the loan demand for this program is about 130 billion VND; currently, the Central Government has supplemented 68 billion VND (equivalent to 50% of the capital demand), the remaining 50% is the province's counterpart capital. Immediately after the Vietnam Bank for Social Policies allocated capital, the provincial branch of the Vietnam Bank for Social Policies allocated capital to the districts to promptly deploy loans to beneficiaries. From the beginning of 2025 to May 31, 2025, the Bank disbursed 44.4 billion VND to 92 borrowers, bringing the total outstanding debt of the program to over 290 billion VND with 848 borrowers.
Comrade Nguyen Thanh Tinh - Deputy Director of the Provincial Branch of the Social Policy Bank said: "We report to the provincial leaders to supplement 50% of counterpart capital from the local budget to promptly address the borrowing needs of the people. To ensure a stable source of capital and complete the target of social housing development by 2030, we request the Provincial People's Committee to direct the Department of Construction to preside over and coordinate with the Social Policy Bank and related departments and branches to develop a project on social housing development in Phu Tho province by 2030 according to the target assigned by the Prime Minister ".
Thuy Hang
Source: https://baophutho.vn/hien-thuc-hoa-giac-mo-an-cu-cho-nguoi-thu-nhap-thap-233818.htm
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