Gov't helps with flood-proof housing

Update: February, 24/2014 - 08:00

HA NOI (VNS) — As many as 40,000 families in central provinces will receive financial assistance to build flood-proof houses under a Ministry of Construction proposal approved by the Government on February 20.

To qualify for assistance, households must be located in remote flood-prone villages in the 13 provinces that include Thanh Hoa, Nghe An, Ha Tinh, Quang Binh and Da Nang City.

The programme will help 15,000 poor families in 2014, using VND156 billion (US$7.4 million) from the State budget. Another 25,000 households will receive support in 2015, Tuoi Tre (Youth) reports.

Each household will receive VND10 million ($480) each, while families living in remote areas that face great difficulties will receive VND12 million (nearly $600) each. They will also be able to apply for preferential loans of up to VND 15 million ($700) from social policy banks.

The project costs some VND1 trillion ($48 million), much less than the cost of repairs in the aftermath of floods the Government allocated to four central provinces recently . — VNS