(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
Prime Minister Pham Minh Chinh attended a groundbreaking ceremony for an electronic printed circuit board (PCB) factory at Da River Left Bank Industrial Park in Hoa Binh province on April 13. The electronic PCB factory is invested by Japan's Meiko Group at a total cost of 200 million USD.
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.
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