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VietNamNews

Banks to help build flood shelters

Update: July, 20/2012 - 10:32

HA NOI — The Viet Nam Bank for Social Policies has planned to give loans to 700 poor households in 14 communes in seven central coastal provinces, including Thanh Hoa and Phu Yen where support will be given to help build flood shelters.

Each household that is seriously affected by floods will be given a 10-year-loan of less than VND10 million (US$480) with an interest rate of 3 per cent per year.

The loan plan follows a Government decision.-VNS

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