(HBO) – Loans from the Vietnam Bank for Social Policies’ branch in Mai Chau district have contributed to supporting local poor people and policy beneficiaries to overcome difficulties in the context of the complicated developments of the COVID-19.


 Mr. Ha Cong Sinh’s family in Bang village, Bao La commune of Mai Chau district, has got out of poverty thanks to using social policy loans in breeding cows.

Over recent years, the Vietnam Bank for Social Policies (VBSP)’s branch in Mai Chau district has worked hard in mobilising capital to promptly meet the credit demand of local people, thus helping thousands of households create sustainable livelihoods.

Mrs. Dinh Thi Dua’s family in Bang hamlet, Bao La commune, was previously a poor household and met economic difficulties because they had no capital for production. Her family has escaped from poverty thanks to effectively using social policy loans in raising buffaloes.

Mr. Ha Cong Sinh's household in the same hamlet also got a loan of 42 million VND to develop cow husbandry, thanks to which his family’s economy has gradually stabilised.

Directorof the transaction office of theVBSP in Mai Chau district Vu Hoai Nam said despite the impact of the COVID-19 pandemic, the bank well performed tasks and plans set in 2021, with loans provided quickly to those who needed.

The bank lent 122 billion VND to about 3,400 poor and near-poor households and other policy beneficiaries, helping them promote economic development and construct clean water and environmental sanitation works.

In the first two months of this year, the policy credit loans topped 16 billion VND. The total outstanding loans of credit programmes stood at over 321 billion VND, up 6.8 billion VND compared to the beginning of the year.

Nam said his agency will focus on lending growth credit sources; and classifying debts to assess credit quality in the locality in order to have solutions to irrecoverable debts.

Attention will be also paid to effectively performing the interest rate support policy to assist people affectedbythe COVID-19pandemic, he added./.


Related Topics


Farmer becomes better-off thanks to raising bamboo rats

After several unsuccessful attempts to raise pigs, buffaloes and cows, Nguyen Hong Minh who resides in Mui hamlet, Hoa Binh city’s Doc Lap commune decided to try breeding bamboo rat.

Hoa Binh creates best business environment for local firms

Chairman of the Hoa Binh People’s Committee Bui Van Khanh on February 2 held a Lunar New Year meeting with businesses, investors and cooperation in the locality. The event drew Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Council Bui Duc Hinh; Vice President of the Vietnam Chamber of Commerce and Industry Hoang Quang Phong; representatives from the Vietnam Association of Small and Medium-Sized Enterprises and the Vietnam Association of Young Entrepreneurs; as well as leaders of local departments, sectors and localities and 200 local businesses, cooperatives and investors in the locality.

Hoa Binh works on boosting agricultural exports

Following the successes achieved in 2023, the local agricultural and rural development sector, localities and cooperatives are gearing up for first orders of the year, as part of their efforts to boost agricultural exports.

Enterprises resume operation after Tet holiday

Most workers at enterprises in the northern province of Hoa Binh have turned to work just one week after the Tet (Lunar New Year) holiday.

Hoa Binh ensures stable power supply for local production

The Hoa Binh Power Corporation (PC Hoa Binh) has directed its units to build plans as well as arrange resources to ensure stable electricity for local winter-spring crop production.

Exporting 40 tons of Bat Bao lotus porridge to Japan

On February 28, the Department of Agriculture and Rural Development of Hoa Binh province coordinated with Minh Trung Vietnam Group joint Stock Company, Hoa Binh branch in Luong Son industrial park, Luong Son district organized a ceremony to export Bat Bao lotus porridge to the Japanese.