(HBO) – Over the past years, preferential loans provided by the Vietnam Bank for Social Policies (VBSP) have assisted farmers in Da Bac district in household economic development, thus helping to create jobs, raise income and improve living standards of rural residents.
Thanks to soft loans of the VBSP, residents in Tam hamlet of
Cao Son commune (Da Bac district, Hoa Binh province) have developed animal
husbandry.
To facilitate locals’ access to preferential
credit, the VBSP branch in the district has actively coordinated with sectors
and organisations to boost communications to help people learn about lending
programmes and loan sources.
There are 244 savings and borrowing groups with
9,509 members across Da Bac at present. On average, every commune has 12
groups, each with 40 members. At those groups’ regular meetings, the VBSP’s
credit staff inform participants about capital growth, the rates of poor,
near-poor and policy beneficiary households eligible for borrowing, as well as
lending and loan disbursement procedures.
The bank has held meetings with local
authorities, organisations, and management boards of savings and borrowing
groups. At the same time, it has also provided training to help cadres and
residents further understand the VBSP’s activities and the Party and State’s
new preferential credit policies.
At present, the VBSP Da Bac branch is
implementing 14 preferential credit programmes with total outstanding loans
topping 354 billion VND (15.2 million USD) for 9,500 households. More than 99
percent of the credit is supplied in the form of entrusted loans via four
socio-political organisations. Aside from promoting verification to disburse
loans in a timely manner, the branch has also worked closely with associations,
organisations, and savings and borrowing groups to encourage people to use the
capital for right purposes effectively.
As a result, credit quality has been improved,
and the rate of overdue debts reduced to only 0.03 percent of total outstanding
loans. Almost 5.4 billion VND has also been deposited in savings accounts via
the bank’s communal transaction offices in Da Bac.
In 2019, 3,437 clients borrowed from the VBSP.
Preferential loans helped create jobs for 110 labourers, build 918 water supply
facilities and sanitary works in rural areas, and construct 133 houses for poor
families. They also served as a source of support for local students to enroll
in universities, colleges and vocational schools, and for 1,469 disadvantaged
ethnic minority households to develop production and business activities./.
After the Lunar New Year (Tet) holidays, trade union members and workers in Hoa Binh province returned to work with an excited spirit at the beginning of the new spring. Throughout the workshops, factories and enterprises, they were full of enthusiasm, immediately getting to work, striving to excellently complete tasks and production and business targets.
Red grapefruit is a native crop of Tan Lac district, where the fertile soil and favourable climate create ideal conditions for its growth. With over 80% of the area being mountainous, at an altitude of 300-400 metres above sea level, red grapefruits here thrive on well-drained, fertile hillside soil. The region’s large temperature variation between day and night enhances the fruit's nutrient absorption. The local cultivation techniques also contribute to its uniqueness
The provincial business association recently convened a conference to review its 2024 operations and outline plans for 2025. The meeting was attended by Standing Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Committee Bui Duc Hinh along with leaders from various departments and agencies.
Hoa Binh province is prioritising rural transportation infrastructure to improve mobility, facilitate trade, and boost socio-economic development.
The Minister of Agriculture and Rural Development has just issued Decision No. 377/QD-BNN-VPĐP approving the results of the evaluation and classification of the products of the National One Commune One Product Program in 2024 (phase 3).
As the Lunar New Year (Tet) approaches, the market becomes more vibrant than ever. In Hoa Binh province, preparations for Tet have been bustling since the 20th of the last lunar month, with an abundant supply of goods to meet the growing consumer demand.
