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.
An
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
debt.
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
facilities.
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
security.
A workshop on promoting the role of reputable individuals and religious dignitaries in popularising and promoting gender equality in ethnic minorities and mountainous areas was held by the Vietnam Women's Union (VWU) in Hoa Binh province on July 16.
Hoa Binh province has 145 out of the 151 communes, wards, and towns which are ethnic minority-inhabited and mountainous areas, 506 communes facing extreme difficulties, and more than 74% of its population being ethnic minority people.
Creating on-site jobs for rural women lies in the heart of the operation of the Women's Union of Lac Thinh commune in Yen Thuy district. Bui Thi Tien, 44, of the Muong ethnic group, a member of the women's union of Sau hamlet in Lac Thinh commune, has boldly sought and created jobs for many women to increase their income and improve their families' living standards.
Defining socio-economic development and effective implementation of policies on ethnic affairs in the locality has been a continuous and crucial task during 2019-2024 period, the Party Committee and People's Committee of Cao Phong district have focused on leadership in executing these tasks, achieving positive results. The material and spiritual lives of people in ethnic minority-inhabited and mountainous areas have gradually improved while rural area has gained a face-lift.
Hoa Binh’s education and training sector is implementing concerted measures to better the quality of education and training, proactively implementing the national target programme on new rural area building.
Family is the home of each person and the cell of a society. It also plays a significant role in the formation and development of each person’s personality. On May 4, 2001, the Prime Minister issued Decision No. 72/2001/QD-TTg, designating June 28 as the Vietnamese Family Day. Over the past years, Hoa Binh province has carried out a number of activities to honour the family traditions and help develop prosperous, progressive, equal, happy "cells of society”.
