Vietinbank signs social housing credit deal

15:07 | 26/01/2016 Economy

The Vietnam Industrial Bank (Vietinbank) has agreed to provide funding worth 900 billion VND (40.18 million USD) for the Vesta social housing project in Hanoi.

Vietinbank signs social housing credit deal

Deputy Director of Vietinbank's Song Nhue branch Tran Bao Minh and Director of Hai Phat Investment JSC Le Tien Hung sign the credit deal

The deal was signed between the bank and the Hai Phat Investment Joint Stock Company – the project investor in Hanoi on January 21.

The Vesta social housing project, also known as the Phu Lam residential project, will be built on a 4.5 hectare site in Ha Dong district.

The project, worth 2.3 trillion VND (102.68 million USD) will offer 1,902 apartments ranging between 48-69 square metres.

Customers who buy apartments in the project will also have access to other modern facilities in the complex as well as the Government’s 30-trillion-VND (1.34 billion USD) low-interest rate credit package./.


Source: VNA