Effective use of concessional loans from the Vietnam Bank for Social Policies (VBSP) has been seen as a "key” for poor households and policy beneficiaries in the mountainous district of Da Bac to improve income and better the quality of life towards sustainable poverty reduction.
official from the Vietnam Bank for Social Policies’ Da Bac district branch
studies capital demand from a Da Bac local.
As the only impoverished district of Hoa Binh
province, Da Bac has a great demand for this kind of loans. Over the past
years, Da Bac is one of the localities with the highest amount of outstanding
To date, total outstanding credit in the
district has topped 546 billion VND (22.58 million USD), with nearly 14,000
customers. During January – October, 1,896 impoverished households and policy
beneficiaries got access to some 75.5 billion VND in preferential loans, helping
them develop business models to get out of poverty.
With 56.7 billion VND of concessional loans
granted to more than 1,000 households, Tu Ly is the commune with the largest
amount of outstanding credit in Da Bac district. From the outset of the year, 240 households in
the commune have been able to take out loans from the VBSP.
According to an official from the communal
People’s Committee, the loans have an important role to play in alleviating
poverty and building new-style rural areas. Meanwhile, Vice Chairman of the People’s
Committee of Hien Luong commune Xa Van Hoe described them as a locomotive for
the residents to improve income, and help the commune meet the advanced
standards of the new-style rural area building.
Xa Van Huy in Doi hamlet invested 100 million
VND that he took from the bank in tens of fish cages. To date, the fish cage
model has earned his family a stable income.
Statistics from Hien Luong commune showed that
total outstanding credit in the commune has neared 22 billion VND so far.
During January – October, the VBSP gave preferential loans to 116 households,
helping generate jobs for 11 labourers and renovate and build 140 clean water
Director of the VBSP’s Da Bac district branch
Nguyen Binh Nam said the bank will mobilise more resources to meet the capital
demand of the local residents, contributing to realising the district’s
socio-economic development and poverty reduction targets, and ensuring social
On February 1st, Korean Good Neighbors International (GNI) and the 1% Fund of Hyundai Heavy Industry Group held the inauguration and handover of Thinh Lang Community Library (Hoa Binh City).
In order to spread the noble gestures and kind actions in the community, in recent years, "Tet of Kindness” movement has been organized by all levels of the Red Cross in the province in diverse forms, becoming a beauty. The meaningful gifts from the generous hearts have helped the poor, the people in difficult circumstances, and vulnerable people have the conditions to celebrate Tet more fully.
In the days approaching the Lunar New Year of Giap Thin, the activities to care for and support the families in difficult circumstances, visiting the people with meritorious services to the revolution, encouraging and supporting the employees and the poor households have been widely deployed across the province with the diverse and practical forms.
Students of Hoa Binh province secured 41 prizes in the National Exam for selecting Excellent High School Students for the 2023 – 2024 school year. This is a commendable result for the local education sector after nine years of not winning the first prize in the xams.
In order to implement the national target programme for socio-economic development in ethnic minority and mountainous areas, in 2023, Kim Boi district has made efforts to carry out projects in accordance with regulations and instructions of the government and the province to accelerate disbursement of assigned capital.
Mai Chau district, which is aiming to turn itself into a key tourism site of Hoa Binh province, has provided training courses in non-agricultural sectors for rural workers. This is a bold step to help local people shift to more suitable employment so as to improve incomes.