HDBank is a partner in the Dragon E-Home Social Housing initiative, which helps employees and low-income individuals

DNHN - In response to the Prime Minister's policy of investing in and building at least 1 million social housing apartments for officials, workers, and low-income people between now and 2030, HDBank offers financial solutions optimized for the social housing market when partnering with the Dragon E-Home project (Thu Duc City).

As a result, HDBank is the capital sponsor for the Dragon E-Home next-generation social housing project (in Dragon Village urban area, Phu Huu ward, Thu Duc city). Phu Long Real Estate Joint Stock Company invested in the project in the spirit of new generation social housing with Singapore design, featuring 5 apartment buildings with a total size of 19,000m2, giving 764 dwellings with a range of flexible spaces ranging from 28 to 85m2.

The initiative will benefit all socioeconomic groups by providing chances for employees with monthly wages of less than 10 million VND to purchase a variety of home types ranging from studios to apartments. Basic room, professional operation, cheap management cost, appropriate for neighbourhood residents with complete utilities, green space, assuring residents' quality of life for residents.

For clients who loan to acquire social housing under the aforementioned project, HDBank offers a loan package of up to 75% of the purchase and sale contract value, the longest loan term is 35 years, and the highest grace period is 36 months from the date of purchase. Beginning with the first disbursement day, we assist clients in actively balancing their financial resources and repayment plan.

HDBank has successfully supported several social housing projects throughout the years and serves as a model for future implementation. Ecohome Nhon Binh Social Housing (Binh Dinh province); Sao Hong social housing area (Viet Hung commune, Que Vo district, Bac Ninh province); high-rise apartment complex (Natural Poem Project - An Lac Ward, Binh Tan District, Ho Chi Minh City); investment financing, issuance of information documents for construction contractors to implement An Phu Dong social housing apartment project have all been completed (An Phu Dong ward, District 12, Ho Chi Minh City).

Loan terms are variable, with a total grant maximum of VND 1,100 billion.

As of June 30, 2022, HDBank had cut interest rates for customers with a margin of 0.2%-3.9%, the decreased interest amount is VND 467 billion, and the total outstanding balance eligible for interest exemption/reduction is VND 59,249 billion, with 20,151 clients.

HDBank has fulfilled 114% of the registered interest reduction plan after one year of interest rate exemption/reduction under NQ63.

HDBank, a capital titled "House Development Bank" to develop houses and beautify urban areas, is now one of the leading banks with extensive expansion in all disciplines. Cooperation in the sphere of housing development for people, the building of contemporary civilized cities, and social housing programs serving the community - is both a strength and a philosophy of HDBank's sustainable development. In the future, HDBank will continue to support social housing projects by assisting people in settling down and stabilizing their lives.

It is also the pioneering attitude that drives HDBank's implementation of the Government's National Housing and Social Housing Development Strategy for the period 2021-2030, with a vision until 2045. As a result, HDBank will continue to contribute to the goal of developing affordable housing following the affordability of middle- and low-income households, as well as to the development of a sustainable housing real estate market, in collaboration with Phu Long and businesses in Ho Chi Minh City in particular and the entire country in general.

Nguyen An