VISITORS

News & Events

Updated: 2016-08-04 15:57:16

Over 7 VND million housing support for each poor household

The Ministries of Construction, Finance, Planning and Investment, Agricultural & Rural Development and Central Bank of Vietnam have issued a Circular of instructing the implementation of the Prime Minister’s Decision on the housing improvement for the poor.

Accordingly, the state budget will support at least VND 7.2 million for each family, of which VND 6 million from the state budget and VND 1.2 million from the local budget. For disadvantaged areas, the assistance is maximally VND 8.2 million.Apart from the state assistance, the Bank for Social Policies will also give housing loans worth VND 8 million to each poor family with the interest rate of 3% per year and the 10-year loan term. For forestry areas, the more assistance is 10m³ of round timber for each household. Poor households are certified to get support by hamlets and villages, including: devoted-to-revolution households, ethnic households, poor households in poor districts, natural disaster areas and disadvantaged areas.

Finance Newspaper of Vietnam 25th May 2009

Download

LEARN MORE:

PHOTO ARTICLES

LENDING INTEREST RATE

Poor Households
Lending to poor households	6,6%/year
Lending to poor households in 64 poor districts as stipulated by the Government Resolution No.30a in 2008	3,3%/year
Near Poor Households
Lending to near poor households	7,92%/year
Students
Lending to disadvantaged students	6,6%/year
People in need of loans for job creation
Lending to business establishments owned by war invalids and handicapped persons	3,3%/year
Others...

DEPOSIT INTEREST RATE

Term	Deposit Rate
Overnight	3,04%/year
1 week	3,23%/year
2 week	3,5%/year
Others...