(HBO) - Over the past time, in order to actively contribute to the poverty reduction and the assurance of the social security in the area, the Social Policy Bank of Yen Thuy district has continuously improved the quality of operations, creating conditions for the poor households and the policy beneficiaries to access the preferential capital of the Government.
From the preferential loans from the Social Policy Bank, Ms. Bui Thi Quyet's family, Dinh Van village, Lac Thinh commune (Yen Thuy) has invested in buying 3 buffaloes to develop their family economy.
For the lending activities to be highly effective, in the process of implementing preferential credit policies, the Social Policy Bank of Yen Thuy district has approved the activities for loan entrustment with 4 organizations and associations. They are the Farmers Association, the Women's Union, the Veterans’ Union and Youth Communist Union. The transactions are taken place on a fixed day in 13 communes and the town throughout the district. By the end of May, the district’s Social Policy Bank had a loan turnover of 65,567 million VND; the revenue of the debt collection reached 44,103 million VND.
The total debit balance of 14 policy credit programs reached 260,399 million VND. The over-due debt is 403 million VND, accounting for 0.01% of total debit balance and the charge-off debt is 279 million VND. In the whole district, there have been 8,142 customers who are using loans as savings are the member of the Savings & Lending team, operating in 197 ones. On average, 15 teams are operating in each commune and town. Each team has an average of 41 members with an average debit balance of 1,321 million VND.
Mr. Pham Van Manh, the Director of the Transaction Office of Yen Thuy’s Social Policy Bank says that they have not only disbursed loans but they have also advised and supported the households how to use the loans effectively and for the right purpose. They have actively coordinated with other departments, the appropriate authorities and other unions to disseminate and guide the borrowers to apply the science and technology to the production and business and to build the appropriate economic models, gradually promoting the capital efficiency and increasing income for the people.
Through the evaluation, in 2018 the policy capital helped 534 households to escape poverty, reducing the poverty rate from 15.99% at the beginning of the year to 13.92% at the end of the year; creating jobs for 65 employees. 82 houses for the poor households were built. 210 rural clean water and environmental sanitation projects were also built and repaired.
With the assigned responsibility, in the coming time, the Social Policy Bank of Yen Thuy district has been trying to ensure that 100% of poor households and other policy beneficiaries who need and qualify will have the access to the products and services provided by the Social Policy Bank, contributing to effectively implement the national target program on sustainable poverty reduction and building new rural area.
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.
.jpg)
.jpg)
