(HBO) – Yen Thuong is a remote and poor commune in Cao Phong district with its economy mainly relying on agricultural production. Through practical programmes over the past years, the district branch of the Vietnam Bank for Social Policies (VBSP) has improved the quality of credit trust activities and brought preferential credit capital to the people, thus promptly helping poor households and beneficiary families develop production, improve lives and sustainably reduce poverty in the commune.
District’s
credit officers inspect the use of loans by Bui Van Tien in Moi village, Yen
Thuong commune.
At
present, Yen Thuong commune has 13 saving and loan groups with 492 households still
in debt. The commune launched 11 policy credit programmes with loans worth over
20 billion VND. Of which, loans for poor households topped 9.2 billion VND,
benefiting 296 families. Meanwhile, 126 near-poor households recorded outstanding
loans of more than 4.6 billion VND, and 50 others borrowed upwards 1.7 billion
VND for production and trade.
In
general, borrowers used loans to the right purpose and effectively, mostly for
cattle farming, sugar cane and citrus cultivation. They generally paid
principles and interests on time. The commune also raised over 411 million VND
in saving deposits.
In
order to re-invest capital and make it easier for poor households and policy
beneficiaries to access State preferential loans, the district VBSP branch raised
public awareness of new credit programmes, enhanced loan inspection and
actively informed borrowers about due debt payment. Along with outstanding loan
growth, the branch also paid attention to improving credit quality and actively
collecting debts so that the commune recorded neither overdue debts nor
accumulated interest rates.
Chairman
of the communal People’s Committee Bui Van Dat said preferential loans for
local poor households and policy beneficiaries have proved effective,
contributing to socio-economic development and improving material and spiritual
lives. As of the late 2018, average income per capita in the locality hit 16.5
million VND, the rate of poor and near-poor households reached 38.67 percent
and 29.42 percent, respectively.
After more than four years of implementing a project launched by the Hoa Binh Party Committee’s Standing Board on developing agriculture and promoting product consumption linked with building new-style rural areas for the 2021-2025 period, the province’s industry and trade sector has made significant strides, greatly contributing to local socio-economic development.
Luong Son district has identified 2025 as the year for the accelerated breakthrough to successfully implement the socio-economic development plan for the 5-year period from 2021 to 2025. The district has been focusing on executing the plans and trying to achieve a GRDP growth rate of approximately 15%.
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.
