(HBO) - Statistics from the Vietnam Bank for Social Policies (VBSP)'s branch in Hoa Binh province showed that as of October 31, the total policy credit balance in the locality reached over 3.57 trillion VND.

The bank has been deploying 11 policy credit programmes for poor and near poor households, and other policy beneficiaries. In the first ten months of 2021, more than 30,000 customers had got access to loans with a total value of over 1.1 trillion VND. 

The outstanding loan growth mainly focused on lending programmes for business households in difficult areas (269 billion VND), near-poor households (202 billion VND), households newly escaped from poverty (185 billion VND), and poor households (176 billion VND).

In addition, the bank has also had a loan programme worth 3.2 billion VND for employers to help them pay wages to their labourers that have to stop working due to the COVID-19 pandemic, and restore their production activities.  

In the context of complicated developments of the COVID-19 pandemic, policy credit programmes in Hoa Binh have contributed to ensuring social security, promoting sustainable poverty reduction and new-style rural construction in the locality.

In the first ten months of 2021, policy credit programmes helped generate jobs for over 3,500 labourers, and develop nearly 16,000 clean water and sanitation projects./.


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