On June 5, 2024, at its office, TNG Land Joint Stock Company – the investor of the Dai Thang Residential Area Social Housing Project (Commercial name: Peace Village Social Housing) – signed a cooperation program with the Social Policy Bank (NHCSXH) branch in Thai Nguyen province to support loan policies for purchasing social housing, aiming to implement support programs for social housing buyers in the project.

TNG Land and the Social Policy Bank, Thai Nguyen Branch, signed a cooperation agreement for a preferential loan program to purchase social housing.

      Attending the ceremony, on behalf of the Bank were Ms. Le Phuong Quy – Deputy Director of the Branch, along with the Heads and Deputy Heads of the Credit Planning and Operations Department; on behalf of TNG Land Joint Stock Company were Mr. Nguyen Manh Linh – General Director of the Company, along with members of the Board of Directors and the Business and Project Development Department.

        Peace Village is the first social housing project to be launched in Pho Yen city, strategically located at the southern gateway of Thai Nguyen province – an area with many large-scale industrial zones, opposite the Samsung Electronics Vietnam factory. It comprises 361 apartments in an 18-story building and 34 two-story townhouses, all uniformly planned and surrounded by greenery. Apartment sizes range from 25.6 m² to 70 m², with 1-3 bedrooms, full functionality, and panoramic views. The cooperation agreement between the two entities not only fulfills the goal of promoting social housing development for low-income individuals but also addresses the urgent housing needs of low-income people in urban areas.

Peace Village social housing project is located opposite the Samsung Electronics Vietnam factory, in the heart of the industrial zones in the southern part of Pho Yen City.

       According to Ms. Le Phuong Quy, Deputy Director of the Vietnam Bank for Social Policies (VBSP) branch in Thai Nguyen province, in implementing the policy of lending for the purchase and rental of social housing, the branch has closely coordinated with the Department of Construction to monitor the implementation of social housing construction projects and update the list of eligible buyers and renters of social housing on the Department of Construction’s website as a basis for surveying loan needs. The VBSP commits to providing loan capital for the purchase of social housing as regulated. Customers will be able to borrow up to 70% of the property value with a loan term of up to 25 years, at an interest rate of only 4.8% as stipulated by the State at the present time.

        Through the working session, the two sides agreed to sign and issue a Cooperation Program with several specific contents: to promote extensive information and communication about policies on social housing development in general and loans for purchasing social housing in particular to officials and employees of agencies and units in the province; and to closely coordinate in the implementation process of the preferential loan program for purchasing social housing.

       Mr. Nguyen Manh Linh – General Director of TNG Land Joint Stock Company – affirmed that with this cooperation, customers buying social housing at the Peace Village project will enjoy extremely practical benefits: “We believe that many middle and low-income families in Pho Yen City in particular and Thai Nguyen province in general will have the opportunity to own a house with suitable financial conditions, minimizing financial burdens, contributing to improving the quality of life and promoting sustainable development of the community.”

Representatives of the investor provided project information to the Social Policy Bank of Thai Nguyen.

       Currently, TNG Land Joint Stock Company is accelerating the construction progress, completing the necessary documents and procedures related to the conditions for selling social housing at Peace Village; publicly disclosing information related to the project at the project site, and providing information to the Provincial Labor Union, the Provincial Industrial Parks Management Board, and the People’s Committee of Pho Yen City for dissemination, coordination, and compilation of loan needs.