Social housing loans help workers realize their dream of settling down

In the context of constant fluctuations and increases in housing real estate prices, the dream of settling down for workers seems increasingly distant. In Ninh Binh, social housing credit capital from the Social Policy Bank is becoming a fulcrum, contributing to realizing the aspiration for a home for workers, contributing to ensuring social security in the locality.

The story of Mr. Mai Van Phuong's family (Hoa Lu ward, Ninh Binh) is an example. After leaving his hometown of Thanh Hoa to Ninh Binh to start a business, for 20 years, his family had to live in a cramped rental situation. The low salary of workers must be cut off from living expenses and renting a house, making the dream of a spacious, clean apartment seem unthinkable.

However, the financial bottleneck has been removed thanks to the preferential loan package from the Social Policy Bank. Mr. Phuong and his wife have bought a 60m2 house with a installment payment period of up to 20 years, low interest rate suitable for the financial capacity of the couple.

Mr. Phuong shared: "Thanks to a loan of 500 million VND from the Provincial Social Policy Bank, my wife and I have bought a house and gradually stabilized our lives."

Similarly, for the family of Mr. Vu Manh Tuong, born in 1988, residing in Dong Van ward, Ninh Binh province, Mr. Tuong said that both of them and he are workers in Dong Van 4 Industrial Park. With a total income of less than 20 million VND/month and raising a small child, buying a house is a distant dream for him and his wife.

However, that dream came true. In March 2025, thanks to a loan of 350 million VND from the Provincial Social Policy Bank, the couple bought a 54m2 house right near their workplace.

"Thanks to preferential loans from the Provincial Social Policy Bank, my husband and I have a stable place to live to work with peace of mind. Low interest rates, the repayment period lasts nearly 20 years, which is very suitable for the circumstances and income of the couple" - Mr. Tuong shared.

Mr. Pham Duc Cuong - Director of Ninh Binh Province Social Policy Bank Branch said that in order to create a solid legal corridor for low-income workers borrowing social housing capital, the Government has issued Decree No. 261/2025/ND-CP (amending and supplementing a number of articles of Decree No. 100/2024/ND-CP). Accordingly, the income level considered for social housing policies has increased significantly.

In addition, the interest rate has also decreased to only 5.4%/year, with a maximum term of 25 years and a maximum loan of 80% of the value of the house purchase or 1 billion VND for new construction or repair...

"The social housing lending program is a major policy, with humanitarian significance, contributing significantly to improving the lives of workers in industrial parks and many other subjects. Bringing policy capital to the right beneficiaries is not only a financial solution, but also the most feasible path for low-income people to reach a home" - Mr. Cuong shared.

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