VDB Nghe An Branch signs credit Agreement for social housing Project
23/01/2026 12:01
On January 19, 2026, Vietnam Development Bank (VDB) – Nghe An branch held a signing ceremony for a state investment credit agreement for the OXH-2 social housing project, part of an urban development located in Hung Loc Commune, Vinh City, Nghe An Province. Under the agreement, VDB will provide funding of up to VND 415 billion for the project, with a loan term of up to 6.5 years.
The OXH-2 social housing project, located in Hung Loc Commune, Vinh City, Nghe An Province, is being developed by Hung Son investment and trading joint stock company. The project is classified as a Group B investment and covers a total land area of 9,825.1 m2. The project features a 20-storey C1 apartment building comprising 612 social housing units, eight commercial service units, 51 shophouses, a commercial complex, and a two-storey community center, along with supporting facilities. The total investment capital of the project is nearly VND 620 billion.
The construction of the modern OXH-2 social housing project is expected to improve access to housing and help stabilize living conditions for low-income households and workers in industrial zones.
A representative of Hung Son investment and trading joint stock company committed to implementing the project on schedule, ensuring efficiency, using the loan capital for its intended purposes, and complying with all loan repayment obligations in accordance with the credit agreement signed between the two parties. The company also expressed its expectation to continue receiving support and partnership from the Vietnam Development Bank in the implementation of other projects under the company’s development strategy in the future./.