The Provincial Bank for Social Policies has been actively coordinating with the entrusted socio-political organizations to review and grasp the need for loans to solve jobs of the people in the province.

Mr. Hoang Tuan Viet's family nfrom Lien Son sub-area in Luong Son town (Luong Son) is one of the households doing good business from agricultural production. Thanks to a loan of 80 million VND from the capital of the employment creation from the Bạnk forSocial Policies, Mr. Viet's family has invested in re-planning the garden to raise chickens and grow grapefruit. Thanks to applying the knowledge from the vocational training classes and scientific and technical guidance, the plants and animals all develop well. Therefore, Mr. Viet's family achieved great success from the first harvests. From a household with an unstable income, Mr. Viet's family has now risen to become a typical production and business household of the district. "Thanks to the capital of the Bank for Social Policies, my family has had conditions to carry out the restructuring of crops and livestock, especially during the difficult times. Thereby, it has brought economic efficiency and more stable income. We hope that VBSP will continue to create conditions and have more capital for the economic development to bring about greater efficiency,” Mr. Viet says. 

Ms. Dinh Thi Minh's family from Quyet Chien hamlet, Tu Ly commune (Da Bac) is also a household that has achieved many practical results in economic development thanks to the timely "support” of the capital to create jobs from the Bank for Social Policies. Being a long-time livestock farmer, however, due to the impact of the Covid-19 epidemic (2020 - 2021), the price of low cows greatly affected Mrs. Minh's family's income. Fortunately, during the difficult times, her family was able to borrow 50 million VND creating jobs to restore the economy. Ms. Minh says: Previously, the family raised cows in the forests and hills, far from home, so the management and care were very difficult. Due to the impact of the Covid-19 epidemic, the cow was stolen, so the family moved to raise livestock closer to home. With the money borrowed from the Bank for Social Policies, the family was able to build a barn and invest in growing grass to fatten the cows. Thanks to that, the economy has gradually recovered and become more stable.

It can be said that the effective implementation of the loan program creating jobs has made an important contribution to ensuring the social security. Thanks to this source of capital, Mr. Viet and Mrs. Minh's family and thousands of other households have risen for the economic development, escaping poverty and have gradually got rich. According to the Provincial Bank for Social Policies, the branch currently manages 20 policy credit programs. Since the beginning of the year, 11 programs have been disbursed with the loan sales of nearly 704 billion VND, lending to over 15.7 thousand turns of the poor households and other policy beneficiaries. In particular, the loans creating jobs is one of the three programs with the highest loan turnover, with 152 billion VND. The total outstanding debt of this credit program has reached 871.6 billion VND/18,950 outstanding customers, the second highest among the credit programs that the Provincial Bank for Social Policies is managing. 

Related Topics

Hoa Binh health sector launches “Digital Literacy for All” campaign

An Nghia Commune is trying to achieve the standards of the advanced new rural areas

joining hands to prevent and combat the harmful effects of tobacco

Hoa Binh creatively implements “Godmother” programme

---

Teacher sparks scientific innovation among ethnic minority students

More than just an information technology teacher, Bui Van Nien is an inspiring figure who has nurtured the scientific curiosity and creative spirit of students in Vietnam’s ethnic minority communities.

Resources mobilised to improve people’s living conditions in Da Bac

Da Bac is the most disadvantaged mountainous district in Hoa Binh province, with ethnic minorities accounting for about 90% of its population. Over the past years, the district has mobilised resources to implement ethnic policies to improve the quality of life of local people.

Hoa Binh builds safe and happy living environment for ethnic children

In recent years, Hoa Binh province has consistently prioritised the protection, care, and education of children, particularly those from ethnic minorities and disadvantaged backgrounds, by creating a safe, healthy, and nurturing environment for their all-round development.

Ceremony raises public awareness of tobacco harms

The Steering Committee for Tobacco Harm Prevention and Control of Hoa Binh province, in coordination with the Tobacco Harm Prevention and Control Fund, held a ceremony on May 28 in response to the World No Tobacco Day (May 31) and the National No Tobacco Week (from May 25 to 31). The event was chaired by Nguyen Van Toan, Standing Vice Chairman of the provincial People’s Committee and head of the Steering Committee.

The model of efficient energy lighting - Spreading the light of education

Since 2021, the Center for Industrial Promotion and Industrial Development Consulting (CIIDC) under the Department of Industry and Trade has been implementing a school lighting model as part of the plan for using energy efficiently and economically in Hoa Binh Province in the pẻiod of 2021 - 2025. This model not only aims to improve the learning conditions and enhance the education quality, but it also promotes the message of energy saving, energy security, environmental protection and contributes to the goals of socio-economic development.

Progress in ethnic minority education

In the 2024 - 2025 school year, the entire Hoa Binh provincial education sector includes 520 educational institutions and schools. Among them are 13 ethnic boarding schools with 153 classes and 4,487 students. Four of these schools have met national standards, reaching 30.7 percent.