Accordingly, assistance policy for housing to poor households under the poverty criteria for the period 2011-2015 will be carried out from 2016 to 2020 for 4,011 households with a total demand of capital of VND 204,561 million, in which there are 1,378 households sharing especially difficult circumstances, 888 ethnic minority households; 181 households living in disaster-hit areas; 590 households living in especially difficult hamlets and villages and 603 households living in difficult administrative units.

Besides, there are 102 households residing in poor districts according to regulations at Resolution No.30a/2008/NQ-CP dated December 27, 2008 of the Government and 269 remaining households.

To be eligible for a housing loan, a household must be identified as poor according to the poverty criteria provided in the Prime Minister's Decision No. 09/2011/QD-TTg on January 30, 2011, living in a rural area and earn a living mainly from agriculture, forestry or fisheries.

Housing support capital for poor households from local budget is expected at VND3 million each household.

In addition, according to Decision No.33/2015/QD-TTg, each poor households can get a loan of up to VND25 million from Vietnam Bank for Social Policies to build or repaird their houses. The annual interest rate is 3 percent and the loan maturity period is 15 years, including a five-year grace period. The time limit for loan repayment will be 10 years. For every year from the sixth year on, the borrowers will have to repay at least 10 percent of total principal loans.

By Nhu Y
(Source: Quang Binh Portal)