Hau Giang Provides Housing Support for Poor People

The Mekong Delta province of Hau Giang will provide housing loans worth VND108 billion for nearly 3,600 disadvantaged households in the locality between now and 2020, according to the provincial People’s Committee. The program will give priority to poor ethnic minorities and underprivileged households in extremely difficult areas. Each household will be able to take out loans up to VND25 million (about $1,130) from the Vietnam Bank for Social Policy (VBSP)’s provincial branch with an annual interest rate of 3% for a 15-year term, including a five-year grace period. Hau Giang has made great efforts to raise local living standards, contributing to reduce the rate of poor households to 6.23% as of the end of last year. (vietnamplus.vn Mar 10)