(HBO) - Realising the Prime Minister’s Decision No. 28/2015/QD-TTg on regulations on credit for households who have just escaped from poverty, the Hoa Binh chapter o the Vietnam Bank of Social Policies (VBSP) has coordinated with the local administration to implement the policy for the benefit of the local community.
In May, the bank
lent loans worth 5.96 billion VND (256,280 USD), pushing the total figure since
the beginning of the year to over 46.32 billion VND (1.99 million USD) to 1,218
households who received 35 million VND (1,505 USD) each on average.
Since the
beginning of this year, the bank collected over 18 billion VND (774,000 USD) of
loans.
Total outstanding
balance of the programme to offer loans for households that newly escaping from
poverty has so far reached nearly 202 billion VND (8.68 million USD) on 5,672
customers.
Surveys show
that the recipients have effectively used the capital, mostly in production and
business operations.
Currently, the
Hoa Binh chapter of the VBSP has enhanced communications, while giving advice
to the People’s Committees at all levels to review and supplement the list of
households managing to escape from poverty, thus laying a foundation for the
bank to provide loans.
Alongside, the
bank has created optimal conditions for the households to access concessional
capital to invest in production, thus stabilize their life and getting rid of
poverty in a sustainable manner.-VNA
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.
