Help people stabilize their lives
We just visited the family of Ms. Ho Thi Thu Ngan (at 399/6 Hung Vuong Street, An Son Ward, Tam Ky City). Ms. Ngan said that last Tet, the family gathered together in the newly completed house.
With the job of an accountant for a construction company in Tam Ky City, her dream of owning a new house would be difficult to come true if she did not have access to preferential loans from the Vietnam Bank for Social Policies (VBSP) Quang Nam branch.
On May 29, 2024, Ms. Ngan and her husband borrowed 500 million VND from policy credit, started building the house and completed and put it into use before the last Tet holiday.
“Every 6 months, I pay the principal of 12 million VND to the policy bank. The initial interest is 2.8 million VND/month and gradually decreases as the outstanding debt decreases. I hope that my job will continue to be stable so that the principal and interest will not be a pressure on my family,” said Ms. Ngan.
Ms. Dinh Thi Hiep (in block 2, Nui Thanh town, Nui Thanh district) opened a stall selling helmets and candies, earning about 10 million VND per month, with some surplus but not much.
Ms. Hiep said that if she had not received preferential loans from the Transaction Office of the Social Policy Bank of Nui Thanh District, she would not have a new house to live in now. Having borrowed 450 million VND to build a house, Ms. Hiep still has outstanding policy credit of more than 340 million VND.
“Since I got my new house, I have been working hard and my income has increased. I regularly pay the principal and interest to the policy bank. In addition, I save money to increase the preferential loan capital of the policy bank,” said Ms. Hiep.
According to statistics from the Bank for Social Policies, Quang Nam branch, by January 31, 2025, the outstanding social housing loans reached nearly VND 584 billion. Preferential credit has created conditions for 1,795 customers to borrow capital to build, renovate and repair houses.
Of these, 26 customers are people with revolutionary contributions, 272 customers are laborers, 225 customers are low-income people in urban areas, 232 customers are officers, non-commissioned officers, soldiers, and 1,040 customers are cadres, civil servants, and public employees.
Speed up loan disbursement
Talking to us, households borrowing capital from policy banks to invest in social housing in the province commented that the program is very practical; suitable for low-income people; loan procedures are very streamlined; policy credit officers provide detailed guidance; loans are disbursed quickly.
Ms. Nguyen Thi Trang - Head of Planning and Operations Department (Social Policy Bank, Quang Nam branch) said that to implement the social housing loan program, the Social Policy Bank, Quang Nam branch, and district-level transaction offices have closely coordinated with farmers' associations, women's associations, veterans' associations, and youth unions to focus on propaganda to help people understand and participate in credit loans.
Based on the list of registered borrowers, socio-political organizations coordinate with the People's Committee at the commune level to conduct reviews; policy credit officers appraise, guide the completion of loan applications, and disburse loans to ensure transparency and compliance with regulations.
In 2024, although the Central Government did not assign a target for capital growth for the social housing loan program, thanks to the good performance in debt collection in installments, the Bank for Social Policies, Quang Nam branch, still accelerated social housing loans, helping people build new, repair solid houses, and settle down.
In 2025, the Central Government allocated 30 billion VND to the Bank for Social Policies, Quang Nam branch, to accelerate social housing lending. Also in 2025, the Provincial People's Committee agreed on the policy of entrusting capital to the Bank for Social Policies, Quang Nam branch to accelerate social housing lending, contributing to the goal of eliminating temporary and dilapidated houses in the area.
Mr. Hoang Thanh Lan - Deputy Director of the Bank for Social Policies, Quang Nam branch, said that to be supported with social housing loans, borrowers need to have complete documents, housing status, residence conditions, income... To quickly disburse loans, policy credit officers will support borrowers to complete the above conditions.
Currently, the demand for loans to invest in social housing in the province is very high. The Bank for Social Policies, Quang Nam branch is closely coordinating with local authorities, associations, unions, and media agencies to increase propaganda so that people can grasp and access preferential loans.
"We are urgently compiling statistics, reviewing eligible borrowers, speeding up the application review process, and urgently disbursing funds so that the program can be effective in a timely manner, helping people settle down," said Mr. Lan.
Source: https://baoquangnam.vn/quang-nam-ho-tro-an-cu-tu-chinh-sach-cho-vay-nha-o-xa-hoi-3149460.html
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