VND 400 billion of credit for workers housing project in Vung Ang

18/12/2015 12:12

On 16th December, VDB’s branch of Ha Tinh has signed a credit contract to finance VND 400 billion of State investment credit to the pilot project of for- rent housing construction serving workers in the Vung Ang economic zone. This project is owned by Ha Tinh Minerals and Trading Joint Stock Corporation, .

 Located in Ky Thinh ward, Ky Anh district, the project aims at providing  6.000 for–rent accommodations with appropriate infrastructure and service for labors easing pressure on housing demand. Accommodations will have three categories from 1 to 3, kindergartens, libraries, cultural houses, libraries, clinics, gymnasium ....

The project’s total investment is over VND 1.182 trillion, of which VDB’s funding up to VND 400 billion with loan maturity of 12 years, grace period of four first years. Applied interest rate is defined according to the State investment credit policy for the corresponding time.
 
Launched in late 2013, the project has so far completed ground construction and 60% of public service; two block with 169 rooms have been built and put in service; two others completed by early 2016./.
 



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