(HBO) – The Vietnam Bank for Social Policies (VBSP) has coordinated with agencies to implement the Prime Minister’s Decision No. 28/2015/QD-TTg (Decision 28) on regulations on credits for households that have just escaped from poverty. The programme has been seen as a channel that helps the targeted households develop economy more sustainably.


A credit official of the VBSP’s branch in Cao Phong district is carrying out transactions in Tay Phong commune.

Vu Dinh Hoai, Director of the VBSP’s branch in Hoa Binh province, said the line between poor, near-poor households and those that have just escaped from poverty is so small. Therefore, households that have just escaped from poverty have faced a range of difficulties and may fall back into poverty if they receive no attention and support from the State.

Preferential credit policies towards these households would create momentum for them to run away from poverty sustainably, he said.

According to the Decision, subjects to the loans are households that used to be poor and near-poor, and have been moved from the list of poor and near-poor households for a maximum of three years.

Loans are decided by the VBSP and the households and do not exceed 50 million VND each. The annual interest rate stands at 8.25 percent.

Loan terms are also consented by the bank and the households based on production and business periods and the customers’ ability to refund. Each term does not last for more than five years.

Since the beginning of this year, the VBSP’s provincial branch has been asked to add 244.8 billion VND in loans to ten credit programmes to meet demands for production and business capital of poor and near-poor households, and other social policy beneficiaries.

Of the sum, the programme exclusively designed for households that have run away from poverty got 43 billion VND. As of the end of September, up to 1,408 households had received loans worth nearly 51.9 billion VND, raising the total debit balance to 178.2 billion VND with 5,284 households.

As a result, more than 10,000 households in the province have escaped from poverty over the past three years.

Given increasing demand and limited capital, the bank has taken the initiative in disbursement to help the households access credits to serve production and  business activities./.

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