Signing of credit contract for social housing development

HNN.VN - On the afternoon of October 1, the Joint Stock Commercial Bank for Investment and Development of Vietnam, Hue branch, and Phu My Thuong Investment Joint Stock Company signed a credit contract to develop a social housing project at the land plot coded XH1, Area C of An Van Duong New Urban Area in Phu Thuong ward.

Signing of credit contract between two units

The two units have signed 3 contracts including: credit contract, guarantee contract, cooperation contract. Accordingly, BIDV Hue branch will lend to customers to pay legal and valid costs, guarantee payment related to investment and project construction.

With the credit guarantee contract, BIDV Hue branch will guarantee buyers and renters of future houses in the project. In addition, BIDV Hue branch also signed a cooperation contract on financing loans for individual customers to buy houses in this project.

It is known that the social housing project at the XH1 land plot invested by Phu My Thuong Investment Joint Stock Company started construction on March 25. The project has a total investment of VND 842 billion, on a land use area of ​​nearly 32,000 m2 with a total floor area of ​​66,660 m2. The project scale includes 9 floors, including 720 social housing apartments and 47 commercial townhouses.

When the project comes into operation, it will contribute to creating a safe and modern living space, improving the quality of life for the city's residents. At the same time, it will also contribute to completing the goal of having "1 million social housing apartments" nationwide as set by the Government . The signing of the credit contract will also contribute to promoting the project's implementation to ensure the set progress, supporting people to access preferential credit to rent and buy social housing.

Hoang Anh

Source: https://huengaynay.vn/kinh-te/thong-tin-thi-truong/ky-ket-hop-dong-tin-dung-phat-trien-nha-o-xa-hoi-158365.html