Impoverished rural families access loans for housing
Phase II of Prime Minister Nguyen Tan Dung’s newly approved programme for providing housing support to the poor will be implemented in 2016, according to the Vietnam Bank for Social Policy (VBSP).
The programme is expected to help 311,000 poor households in rural areas (Source:VBSP)Phase II of Prime Minister Nguyen Tan Dung’s newly approved programme for providing housing support to the poor will be implemented in 2016, according to the Vietnam Bank for Social Policy (VBSP).
The programme is expected to help 311,000 poor households in rural areas nationwide build houses, thus gradually stabilising and improving their living standards.
Each household will be able to take out loans up to 25 million VND (about 1,130 USD) with annual interest rates of 3 percent within 15 years, including a five-year grace period.
VBSP General Director Duong Quyet Thang has asked the bank’s branches and offices to ensure capital resources and step up administrative procedures to facilitate access to capital.-VNA
You should also see
InfographicADB maintains 2024 economic growth forecast for Vietnam
In its April 2024 Asian Development Outlook (ADO) report, the Asian Development Bank (ADB) has maintained its earlier forecast for Vietnam’s economic growth this year, despite ongoing uncertainties from the external environment. Vietnam’s economy is expected to achieve a growth rate of 6.0% in 2024 and 6.2% in 2025.
See more
Society
VNA marks 70th anniversary of Dien Bien Phu Victory with various activities
The Vietnam News Agency (VNA) hosted an array of activities to celebrate the 70th anniversary of the Dien Bien Phu Victory (May 7, 1954 - 2024).
Society
Hanoi’s virtual monthly passes help commuters travel with ease
Hanoi’s virtual monthly passes for public transport have been on offer for almost one month now, making travel more convenient for the city's commuters, reported the Hanoi Public Transport Management Centre.
Society
Overseas Vietnamese in Russia commemorate Hung Kings
Overseas Vietnamese in Russia on April 18 held a ceremony in Moscow to mark the death anniversary of Hung Kings, the legendary nation founders.
Society
Amended Land Law - breath of fresh air blown into real estate market: lawyer
The amended Land Law, approved by the National Assembly in January 2024, is expected to exert impacts on the business activities of overseas Vietnamese (OVs), including those in Australia., said a lawyer.
Society
Green growth – a pillar of Vietnam-Australia comprehensive strategic partnership
The Australian Government, through agencies and partners, have launched many official development assistance (ODA) projects in Vietnam, including those on climate change adaptation and clean energy infrastructure.
