The Ministry of Construction yesterday submitted to the Government a proposal on supporting poor households in coastal regions when rainy and flood season is going to come.
As per the proposal, 86,260 poor people in coastal regions from the northern province of Quang Ninh to the southern province of Ba Ria-Vung Tau who are homeless or residing in dilapidated houses will receive VND16 million (US$750.9) for repairing or building new houses.
Those who live in disadvantaged areas with bad traffic will be provided more VND3 million each or a poor household in that area will be financed with VND 19 million (US$891.8).
In addition, they are eligible for asking for a loan of VND16 million for building new houses and VND8 million (US$ 375) for repairing houses at interest rate of 3 percent per year within 10 years
The Ministry said the program would be conducted from 2014 to 2016.