(HBO) – The Vietnam Bank of Social Policies (VBSP)’s branch in Ky Son district has effectively implemented preferential credit programmes over the years. This is considered an effective tool in creating jobs and ensuring social welfare for ethnic people in the locality. People’s livelihoods have much improved thanks to preferential credits for economic development.
Family
of Nguyen Thi Hai in Van Tien village, Dan Ha commune (Ky Son district) invests
in poultry farming to bolster household economy.
Since 2017, the policy credit programmes
contributed to the building of 641 new clean water and sanitation works in
rural areas, helping to improve local people’s lives. They also provided loans
for 11 disadvantaged students and created jobs for 111 labourers.
As many as 23 poor and disadvantaged
families received loans to repair and upgrade their houses, thus stabilising
their lives.
As many as 152 households that have escaped
from poverty and near-poverty statuses, remain beneficiaries to preferential
credits toward sustainable poverty reduction.
Nguyen Manh Hung, Director of VBSP
transaction office in Ky Son district, said that the office has carried out 13
social policy credit programmes. As of the end of September, total loans for
nearly 4,980 families exceeded 129 billion VND (5.52 million USD). Overdue loans
in the district amounted to 287 million VND, or 0.22 percent of the total.
With the current mechanism, most of the
programmes are entrusted to socio-political organisations, with loans
accounting for 99.7 percent of the district’s total.
The trusted organisations have devised
programmes and inspected the implementation in affiliates, money-savings-and-borrowing
groups and borrowers. The VBSP’s district branch and trusted organisations
seriously attended periodical meetings, exchanged information and effectively
collaborated in steering and guiding activities of groups handling loans at
commune-level, to further improve model of money-savings-and-borrowing groups.
At transaction points in the communes, there
are signboards which record date of transaction, regulations, information on new
credit programmes, lists of households with loans within maturity date as well
as due and overdue loans.
Since the beginning of this year, under the direction of the Department of Agriculture and Environment, the Sub-Department of Agricultural, Forestry, and Fishery Product Quality Management has strengthened the integration of the professional activities to promote and guide the organizations and individuals in the production and trading of agricultural, forestry, and fishery products to comply with the legal regulations regarding the use of chemicals, pesticides and veterinary medicines in crop cultivation, livestock farming and aquaculture. They also provide guidance to processing and manufacturing establishments on keeping the records to trace the product origins and using food additives from the approved list according to the regulations.
Hoa Binh province saw a significant rise in state budget revenue in the first two months of 2025, heard a meeting chaired by Vice Chairman of the provincial People’s Committee Quach Tat Liem.
Ha Thi Ha Chi, a 26-year-old graduate in law, has taken an unconventional path by returning to her hometown in Mai Chau district to establish the Tong Dau Cooperative, creating stable jobs for local women and bringing Thai ethnic brocade weaving to the global market.
As the Lunar New Year 2025 approached, pork prices surged, creating a profitable season for farmers in Tan Vinh commune, Luong Son district. Taking advantage of the rising demand, Can Minh Son, a farmer from Coi hamlet, sold over 30 pigs at 69,000 VND/kg, each weighing more than 100 kg. After deducting expenses, his family earned a profit of over 50 million VND.
alternate member of the Central Party Committee, Secretary of the Hoa Binh provincial Party Committee Nguyen Phi Long on March 5 had a working session with Yan Jiehe, Founder and Chairman of the China Pacific Construction Group, one of China's largest private corporations in the field of transport infrastructure. Deputy Secretary of the provincial Party Committee, Chairman of the provincial People's Committee Bui Duc Hinh and leaders of provincial departments and sectors also attended the working session.
The electronic printed circuit board (PCB) manufacturing and processing plant of Japan’s Meiko Group, located at Da River Left Bank Industrial Park in Hoa Binh city with a total investment of over 200 million USD, is expected to create thousands of jobs and make a significant contribution to the local budget.
