Breakthrough from Directive No. 40-CT/TW (Part 2)

Education and housing are two journeys and big dreams of every person. With the support of policy capital, these dreams have become closer than ever.

Building homes

“Settling down and having a career” is a legitimate and simple wish of people, but for many families of civil servants, public employees and low-income workers, it is not a simple thing. To fulfill the dreams of families still facing difficulties, the capital of the Vietnam Bank for Social Policies is considered the “key” to help them build a warm home.

In the newly built house, Ms. Tran Thi Thu Huong (Group 1, Tay Son Ward, Tam Diep City) could not hide her joy. Ms. Huong said: She and her husband are from Nho Quan, Yen Mo but started a business in Tam Diep City. They are both workers at Dong Giao Food Export Joint Stock Company, their total monthly income is only about 15 million VND while they still have to rent a house and raise a small child, so life is still very difficult. Previously, thanks to savings and the help of both sides of the family, the family was able to buy a small piece of land, which was a great effort, so the couple did not dare to think about building a house. Then at the end of 2023, right after learning about the Social Housing Loan Program of the Vietnam Bank for Social Policies, the couple boldly borrowed 460 million VND to build a house. Now, living in a new, spacious and beautiful house, with children conveniently going to school, the couple has more joy and motivation to work hard and build their lives.

Staff of the Social Policy Bank share the joy of their new house with Ms. Quach Thi Ninh in Do hamlet, Yen Hung commune, Yen Mo district.

As for Ms. Quach Thi Ninh in Do hamlet, Yen Hung commune, Yen Mo district, the new house has opened a new page in the happiness of her and her husband. Ms. Ninh is a worker at a factory in Khanh Thuong Industrial Park, her husband is a construction worker. After saving up to buy a 100 m2 plot of land, the couple planned to borrow from a commercial bank to build a house. While hesitating because if she borrowed several hundred million VND from the bank, the interest and principal to be paid monthly would be too high compared to her income, then she learned about the Social Housing Loan Program so she boldly borrowed 400 million VND. Now the new house is completed and put into use, her family is very happy.

“The interest rate of the Social Housing Loan program has many incentives, the long loan period is suitable for my family's income, so it reduces the pressure of paying off the debt in installments, thanks to which the family has the motivation to build a new house now. Now my husband and I will try to save together to pay interest and repay the bank as committed” – Ms. Ninh shared.

The joy of Ms. Huong and Ms. Ninh is also the common feeling of households when receiving preferential loans. The support package from the Vietnam Bank for Social Policies has contributed to solving difficulties, creating conditions for the poor, laborers, and low-income civil servants to have a decent house.

Ms. Tran Thi Giang (Hamlet 2, Yen Loc Commune, Kim Son District) happily shared with the staff of the Kim Son District Social Policy Bank about her children's academic achievements.

Conquer knowledge

Until now, Mrs. Tran Thi Giang (Hamlet 2, Yen Loc Commune, Kim Son District) still cannot forget the feeling of both joy and worry when holding the university admission notice of her first-born son. Mrs. Giang's worries were also relieved when the policy capital "knocked on the door" of her family.

Recalling the early days, Mrs. Giang sadly said: “My son passed the university entrance exam, both happy and sad because we didn’t know where to get money to send him to school when we were raising four children by ourselves. The entire family’s economy depended on 2 hectares of rice fields and the traditional herbal medicine business. Feeling sorry for his mother, my son told me to keep his results, work part-time to help his mother raise his younger siblings first, and then go to school later. But I felt sorry for him and couldn’t bear it. Knowing the family’s situation, the commune government and mass organizations came to persuade him, determined not to let him drop out of school and said they were afraid that if he went to work, had money and became greedy, he would not return to school. Then they supported all the procedures for me to get a student loan from the Social Policy Bank...”.

Four years later, with an engineering degree in hand, Ms. Giang's son was recruited directly into a prestigious mechanical engineering company with a high salary and became the mainstay to support his two younger siblings who are in college and the youngest in 12th grade. In the small house filled with certificates of merit from her children, Ms. Giang could not hide her happy smile. "My children's success today is all thanks to the close attention of the locality, thanks to the humane credit policies of the Party and the State."

Mr. Nguyen Van Tam (Eastern area, Yen Ninh town, Yen Khanh district) shared about the meaning that policy capital brings to his family.

Not only Ms. Giang, Mr. Nguyen Van Tam and Ms. Pham Thi Tuyen in the East area, Yen Ninh town, Yen Khanh district were also very emotional when sharing about the policy capital for their families.

Being a purely agricultural household, the economy mainly depends on 2 rice crops, so it is extremely difficult to maintain the children to go to university, but his family still perseveres in selling the house for the 3 brothers to go to school because of the very simple thought that "only going to school is the most sustainable way to escape poverty". Fortunately, in the journey of pursuing knowledge, his family always has the companionship of the Social Policy Bank. It is also fortunate that his children all know how to love their parents, understand the family's situation, so they try very hard to study. The eldest daughter and second son both study at the University of Science and Technology, the youngest son studies at the University of Posts and Telecommunications.

“Although it was hard and difficult, our whole family helped each other to rise up. Today, although we are still loyal customers of the Social Policy Bank, my wife and I can smile with satisfaction because all three children have successfully completed their studies and have stable jobs, and do not have to live on unstable agriculture like our parents,” said Mr. Tam.

According to statistics from the Social Policy Bank, Ninh Binh province branch, in 10 years of implementing Directive No. 40-CT/TW, in Ninh Binh province, 70,277 students in difficult circumstances received loans for studying; 1,599 students in difficult family circumstances purchased computers and equipment for online learning.

This once again affirms that policy credit is a creative public financial institution with profound humanity, promptly accompanying each citizen in every important stage of life, such as studying, establishing a career, starting a business, settling down, etc.

Source: https://thoibaonganhang.vn/dot-pha-tu-chi-thi-so-40-cttw-ky-2-158915.html