HCM City completes construction, repair of over 1,200 homes for needy people
With the support of the State Bank of Vietnam’s Region 2 Branch and the local banking network, the campaign successfully repaired all 323 homes initially targeted, at a total cost of over 25.3 billion VND (approximately 1 million USD).
Certificate of merit presented to VIB for supporting housing programme for disadvantaged households in HCM City (Photo: VNA)
HCM City (VNA) ♑– Ho Chi Minh City has completed the construction and renovation of more than 1,200 homes for disadvantaged households, as part of a major campaign to eliminate substandard houses and commemorate the 50th anniversary of the liberation of the South and national reunification (April 30, 1975–2025).
The Vietnam Fatherland Front (VFF) Committee of HCM City, in coordination with the State Bank of Vietnam's Region 2 Branch, held a review conference on the campaign on April 20.
Speaking at the event, Nguyen Thi Kim Thuy, Vice President of the HCM City’s VFF Committee, described the programme as a deeply humanitarian initiative that reflects both the city’s strong political resolve and the unity of its people. She emphasised that eliminating substandard houses is more than a welfare measure, it is a meaningful effort to improve the quality of life for vulnerable communities.
With the support of the State Bank of Vietnam’s Region 2 Branch and the local banking network, the campaign successfully repaired all 323 homes initially targeted, at a total cost of over 25.3 billion VND (approximately 1 million USD). In addition, VFF branches and socio-political organisations across the city’s districts and Thu Duc city completed a further 899 home construction and repair projects, supported by the “For the Poor” Fund and community donations amounting to more than 44.8 billion VND.
As part of the city’s effort to eliminate makeshift houses nationwide by 2025, the city has allocated 209 billion VND (approximately 8.4 million USD) from its 2025 budget to support housing upgrades in four other provinces, namely Ca Mau, Kon Tum, Ben Tre, and Lao Cai.
On this occasion, several banks were honoured for their active contributions to the programme, including the State Bank’s Region 2 Branch, Agribank Southern Region, OCB, Eximbank, and VIB./.
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