Many low-income people accessing the capital from VND30,000bln
bailout package came to select their apartments at Becamex Viet-Sing
project the 2nd phasePositive signalsAs directions of provincial People’s Committee, the State Bank – Binh Duong branch, delegated banks have implemented VND30,000bln bailout package for social housing purchasing. The State Bank assists laws, procedures. Banks focus on finding solutions for low-income people to access this fund capital.Positive signals60% of 80 purchasers of apartment at Becamex Viet-Sing social housing in the second phase were approved to take out loans from this package, namely, BIDV – Binh Duong branch has 55 customers, Vietinbank – Binh Duong branch has 5 customers.Mr. Nguyen Thanh Phung, Head of Personal Banking of Vietinbank Binh Duong, said, Vietinbank BD had implemented the bailout package in many ways. The bank’s staff gave detailed advices on conditions, procedures to access this fund capital. Currently, Vietinbank received over 140 dossiers.“While evaluating dossiers, Vietinbank bases on the social housing project, which a customer wants to buy. Right after project investor signs contract with this customer, we will also conduct the credit contract signing and the disbursement to customer”, said Mr. Phung.Disbursement will be speeded up Over a short period of implementation, provincial banks have cooperated closely with building investors, especially Becamex IDC Corporation, to perform well their tasks.According to Vietcombank - Binh Duong branch, there was only one customer at this bank could access this fund in the first phase, because Becamex Viet-Sing project’s first phase had completed and sold nearly 100% apartments before this bailout package came out. At the present, Vietcombank BD is assessing tens of loan applications within the bailout package in the second phase of Becamex Viet-Sing project.Vietinbank BD completed disbursement to one customer in the first phase. In addition, 5 customers in the second phase were approved to take out loans. Vietinbank attempts to create optimal conditions for customers to access this fund capital. “Vietinbank is helping customers contacting investor. Customers are mainly workers at provincial industrial parks and do not have much time”, said Mr. Nguyen Thanh Phung.Mr. Phung said, in addition to good counseling, procedure simplifying from banks, customers should coordinate well with banks in evaluating process to implement effectively the disbursement of VND30,000 bailout package.Reported by T.Son – Translated by Ngoc Huynh
VND 30,000 billion bailout package has started to disbursed
While other localities across the country is struggling to implement governmental VND30,000bln bailout package for social housing purchasing of low-income people, Binh Duong province has started to disburse this fund to first customers. Many low-income people accessing the capital from VND30,000bln
bailout package came to select their apartments at Becamex Viet-Sing
project the 2nd phasePositive signalsAs directions of provincial People’s Committee, the State Bank – Binh Duong branch, delegated banks have implemented VND30,000bln bailout package for social housing purchasing. The State Bank assists laws, procedures. Banks focus on finding solutions for low-income people to access this fund capital.Positive signals60% of 80 purchasers of apartment at Becamex Viet-Sing social housing in the second phase were approved to take out loans from this package, namely, BIDV – Binh Duong branch has 55 customers, Vietinbank – Binh Duong branch has 5 customers.Mr. Nguyen Thanh Phung, Head of Personal Banking of Vietinbank Binh Duong, said, Vietinbank BD had implemented the bailout package in many ways. The bank’s staff gave detailed advices on conditions, procedures to access this fund capital. Currently, Vietinbank received over 140 dossiers.“While evaluating dossiers, Vietinbank bases on the social housing project, which a customer wants to buy. Right after project investor signs contract with this customer, we will also conduct the credit contract signing and the disbursement to customer”, said Mr. Phung.Disbursement will be speeded up Over a short period of implementation, provincial banks have cooperated closely with building investors, especially Becamex IDC Corporation, to perform well their tasks.According to Vietcombank - Binh Duong branch, there was only one customer at this bank could access this fund in the first phase, because Becamex Viet-Sing project’s first phase had completed and sold nearly 100% apartments before this bailout package came out. At the present, Vietcombank BD is assessing tens of loan applications within the bailout package in the second phase of Becamex Viet-Sing project.Vietinbank BD completed disbursement to one customer in the first phase. In addition, 5 customers in the second phase were approved to take out loans. Vietinbank attempts to create optimal conditions for customers to access this fund capital. “Vietinbank is helping customers contacting investor. Customers are mainly workers at provincial industrial parks and do not have much time”, said Mr. Nguyen Thanh Phung.Mr. Phung said, in addition to good counseling, procedure simplifying from banks, customers should coordinate well with banks in evaluating process to implement effectively the disbursement of VND30,000 bailout package.Reported by T.Son – Translated by Ngoc Huynh
Many low-income people accessing the capital from VND30,000bln
bailout package came to select their apartments at Becamex Viet-Sing
project the 2nd phasePositive signalsAs directions of provincial People’s Committee, the State Bank – Binh Duong branch, delegated banks have implemented VND30,000bln bailout package for social housing purchasing. The State Bank assists laws, procedures. Banks focus on finding solutions for low-income people to access this fund capital.Positive signals60% of 80 purchasers of apartment at Becamex Viet-Sing social housing in the second phase were approved to take out loans from this package, namely, BIDV – Binh Duong branch has 55 customers, Vietinbank – Binh Duong branch has 5 customers.Mr. Nguyen Thanh Phung, Head of Personal Banking of Vietinbank Binh Duong, said, Vietinbank BD had implemented the bailout package in many ways. The bank’s staff gave detailed advices on conditions, procedures to access this fund capital. Currently, Vietinbank received over 140 dossiers.“While evaluating dossiers, Vietinbank bases on the social housing project, which a customer wants to buy. Right after project investor signs contract with this customer, we will also conduct the credit contract signing and the disbursement to customer”, said Mr. Phung.Disbursement will be speeded up Over a short period of implementation, provincial banks have cooperated closely with building investors, especially Becamex IDC Corporation, to perform well their tasks.According to Vietcombank - Binh Duong branch, there was only one customer at this bank could access this fund in the first phase, because Becamex Viet-Sing project’s first phase had completed and sold nearly 100% apartments before this bailout package came out. At the present, Vietcombank BD is assessing tens of loan applications within the bailout package in the second phase of Becamex Viet-Sing project.Vietinbank BD completed disbursement to one customer in the first phase. In addition, 5 customers in the second phase were approved to take out loans. Vietinbank attempts to create optimal conditions for customers to access this fund capital. “Vietinbank is helping customers contacting investor. Customers are mainly workers at provincial industrial parks and do not have much time”, said Mr. Nguyen Thanh Phung.Mr. Phung said, in addition to good counseling, procedure simplifying from banks, customers should coordinate well with banks in evaluating process to implement effectively the disbursement of VND30,000 bailout package.Reported by T.Son – Translated by Ngoc Huynh
