Nearly 202 billion VND of loans offered to poor households

6/26/2019 - 6:59:28 PM

(HBO) - Realising the Prime Minister’s Decision No. 28/2015/QD-TTg on regulations on credit for households who have just escaped from poverty, the Hoa Binh chapter o the Vietnam Bank of Social Policies (VBSP) has coordinated with the local administration to implement the policy for the benefit of the local community.

In May, the bank lent loans worth 5.96 billion VND (256,280 USD), pushing the total figure since the beginning of the year to over 46.32 billion VND (1.99 million USD) to 1,218 households who received 35 million VND (1,505 USD) each on average.

Since the beginning of this year, the bank collected over 18 billion VND (774,000 USD) of loans.

Total outstanding balance of the programme to offer loans for households that newly escaping from poverty has so far reached nearly 202 billion VND (8.68 million USD) on 5,672 customers.

Surveys show that the recipients have effectively used the capital, mostly in production and business operations.

Currently, the Hoa Binh chapter of the VBSP has enhanced communications, while giving advice to the People’s Committees at all levels to review and supplement the list of households managing to escape from poverty, thus laying a foundation for the bank to provide loans.

Alongside, the bank has created optimal conditions for the households to access concessional capital to invest in production, thus stabilize their life and getting rid of poverty in a sustainable manner.-VNA

Several communes in Lac Thuy district struggle to promote OCOP products

In Lac Thuy district, communes have been succeeded in promoting their One Commune-One Product (OCOP) products while others are still struggling to position their typical farming products in market. Some communes in the district still fail to have their products met OCOP programme’s requirements, while others have seen their certifications expired.

Maintaining the Lac Thuy chicken brand

Lac Thuy district develops indigenous tea trees

Measures sought to improve PCI’s informal component indexes

The inspectorate agency of Hoa Binh province has issued Official Dispatch No. 1090/TTr-PCTN to provincial departments, agencies, localities, business associations, enterprises, and investors regarding measures to improve informal component indexes of the Provincial Competitiveness Index (PCI).

Hoa Binh works to enhance investment climate: Responsibility, action enable Kim Boi to welcome billion-dollar projects

Hoa Binh is taking concrete steps to improve its investment environment, with a strong focus on supporting businesses, settling obstacles for strategic investors, and creating opportunities for robust development in the coming years.

Nhuan Trach industrial park accelerates construction to welcome investors

Under the blazing early summer sun, the construction site of Nhuan Trach Industrial Park (IP) in Luong Son district is abuzz with activities from dawn to dusk, a testament to the determination of the investor to meet their construction targets on schedule.