(HBO) - Recently, the credit activities of the policy have timely supported the ethnic minorities in Trung Thanh commune (Da Bac) to get loans and support the production. This is really one of the bridges to help people get loans for hunger eradication and poverty alleviation. As a result, people's life has been improved, contributing to the implementation of the programme for sustainable poverty alleviation.
Through the loans from the Social Policy
Bank, people in Trung Thanh commune (Da Bac) have invested in growing tea to
develop their family economy.
Mr. Ha Van Quay’s family in Ha hamlet has
borrowed the capital from the Social Policy Bank of the district to invest in
building houses, growing tea and developing livestock. Mr. Quay says "The
capital from the Social Policy Bank is very useful for the people. However, if
the loans can be extended to many people with larger amounts, people will have
more money for production and further economic development ".
Currently, in Trung Thanh commune there are
nine saving and borrowing groups with 476 households, who are allowed to get
loans from nine preferential credit programs of the Social Policy Bank with the
total loan balance is over 14.6 billion VND. The program for the poor households and the ones with a poverty threshold
has a higher debt. Thanks to the credit capital, the households have developed
animal husbandry, cultivation, construction of clean water and rural
environmental sanitation projects and building and repairing new houses.
The capital from the Social Policy Bank has
supported the farmers develop production, eradicate hunger, alleviate poverty
and raise income, helping many households escape poverty. However, the people’s
demand is increasingly growing while the maximum loan amount is currently 50
million VND. The desire of the people is to borrow a greater maximum amount of
money to invest in developing production and business, increasing income and
gradually escaping poverty.
Mr. Luong Van Duong, the vice chairman of
Trung Thanh Commune People's Committee says that being a particularly difficult
commune, hunger eradication and poverty alleviation is a difficult task. Thanks
to the preferential credit, the poverty rate of the households in commune is
reduced by 5-6% annually. By the end of 2018, the commune has had 229 poor
households, accounting for 45.89%, down 6% compared to those of 2017. The
capita income per person reached 16 million VND a year.
In the first quarter of 2024, the credit institutions in the province have actively deployed the legal documents of the State and the State Bank relating to currency, credit and interest rates. At the same time, they have promoted the capital mobilization, focusing on the solutions to expand the credit investment along with strengthening the credit quality management, lending to priority programs to promptly meet the capital needs for export - business and consumer demand during Tet in 2024.
Outside the key economic region of Hoa Binh, yet Lac Son district has utilised its potential and strengths regarding labour, land, and transportation connectivity to attract investment to the locality, contributing to promoting socio-economic development.
In a move to expedite the execution and disbursement of the 2024 capital plan for ODA projects, aiming for a disbursement rate of over 90% of the allocated funding, the Hoa Binh People's Committee issued Document No. 483/UBND-KTN on April 3, 2024, regarding such efforts.
Nguyen Van Thap from Kim Duc hamlet, Vinh Tien commune, Kim Boi district, has built the brand of Hoa Qua Son for local fruits. His efforts have brought about income for his family and generated job opportunities for locals, helping hundreds of households escape from poverty.
The Hoa Binh administration was entrusted by the Prime Minister with a budget of 3.43 trillion VND (142.91 million USD) for investment in 2024. The provincial People's Council approved nearly 3.76 trillion VND, which has been meticulously allocated to projects, achieving 100% of the assigned capital plan.
Hoa Binh province has mobilised all resources to propel local agricultural products to make inroads into foreign markets, towards lifting the export turnover of key agricultural products to 137.8 million USD by 2030, accounting for 3.4% of the locality’s total export value of goods.
The locality aims to export farm produce to the US, the European Union, the UK, China, Japan, and the Republic of Korea.