Practical effectiveness of social housing loan program in Vinh Linh district

The family of Ms. Hoang Thi Phuong Thao (born in 1993) and Mr. Vo Van Phuong (born in 1993) in Nam Phu village, Trung Nam commune has 2 young children. Since 2018, after getting married, Ms. Thao's family has lived with her father, mother-in-law and siblings in a house with a total of 9 people. The living space is not convenient, Ms. Thao and her husband want to live separately and receive support from both paternal and maternal families.

After receiving the disbursement, Ms. Thao's family plans to complete and move into the new house around November 2025 - Photo: N.D

Ms. Thao said that she is working at the Vinh Linh State Reserve Department, and her husband is working at the Vinh Linh Detention Center. The couple's salary is enough to cover the family's living expenses and raise their two children. However, having a large sum of money to build a house is beyond the ability of her and her husband.

Fortunately, at the end of 2024, Ms. Thao was given the opportunity by the People's Committee of Trung Nam commune to access the Social Housing Loan Program under Decree No. 100/2015/ND-CP. After being surveyed by staff of the Transaction Office of the Social Policy Bank of Vinh Linh district, Ms. Thao's family was able to borrow 650 million VND, with a loan term of 21 years at an interest rate of 6.6%/year.

Ms. Thao excitedly shared: “After surveying and completing the procedures according to regulations, the quick and timely disbursement of the Social Policy Bank Transaction Office in Vinh Linh district has helped my family proactively balance the budget and start building a house from the beginning of 2025. Including principal and interest, my family pays nearly 6.3 million VND per month, the interest rate is stable and does not fluctuate, so it is very convenient for the family in the process of fulfilling the dream of a spacious and solid house with a total value of over 900 million VND".

Director of the Transaction Office of the Bank for Social Policies in Vinh Linh District, Thieu Quang An, said: “Currently, the district has lent 160 households capital from the Social Housing Loan Program under Decree No. 100/2015/ND-CP with a total outstanding loan of 61 billion VND. The specific loan beneficiaries in the program are people with revolutionary contributions, relatives of martyrs; low-income people in urban areas; poor households, near-poor households; workers and employees in enterprises, cooperatives, and cooperative unions inside and outside industrial parks; cadres, civil servants, and public employees; the People's Armed Forces, and people working in key positions. The loan term is up to 25 years and the interest rate is 6.6%/year.”

In order for this decree to come into effect, in recent times, the Transaction Office of the Bank for Social Policies of Vinh Linh district has strengthened the dissemination and popularization of policies and decisions, documents guiding the implementation of the social housing loan program; organized training on appraisal processes, procedures, and loan applications to localities, associations, entrusted organizations, and savings and loan groups.

Carry out well the statistical work of reviewing and supplementing beneficiaries who are eligible to access loans to promptly disburse capital according to regulations. Based on the loan registration of people, associations, unions, and local authorities, officers of the Transaction Office of the Social Policy Bank of Vinh Linh district will appraise and guide the completion of loan applications to ensure publicity, transparency, and the right subjects.

After 10 years of implementing Decree No. 100/2015/ND-CP of the Government , thanks to the synchronous implementation and strict implementation of lending steps according to regulations, in Vinh Linh district, there have been no cases of lending for the wrong purpose or households receiving loans not being able to pay principal and interest as committed, and no overdue debts have arisen.

The program not only addresses the housing needs of low-income households but also creates leverage to help them stabilize their lives and develop a sustainable economy . In particular, it has made an important contribution to the local government in accelerating the process of eliminating temporary and dilapidated houses, and increasingly implementing social security policies in the area.

Mr. Thieu Quang An added that in order to more effectively implement the social housing loan program according to Decree No. 100/2015/ND-CP, in the coming time, the unit will focus on a number of key tasks.

That is: Continue to effectively implement Directive No. 40 of the Central Party Secretariat on strengthening the Party's leadership over social policy credit. Closely coordinate with local authorities and socio -political organizations to review actual needs, expand beneficiaries and speed up disbursement progress. At the same time, based on the review, propose solutions to supplement capital sources to meet actual local needs. The goal is to help more and more people access social housing loans, gradually improving the quality of life.

Nguyen Dong

Source: https://baoquangtri.vn/hieu-qua-thiet-thuc-tu-chuong-trinh-cho-vay-nha-o-xa-hoi-tai-huyen-vinh-linh-193877.htm