(HBO) - In recent years, the preferential credit resources have helped poor households and policy beneficiaries in Tay Phong commune (Cao Phong) to invest in production development, living improvement and sustainable poverty reduction.

Up to now, the outstanding loans in the commune has reached over 34 billion VND with 968 households borrowing capital. The balance of savings is 633 million VND. The commune has 21 savings and loan groups carrying out 10 policy credit programs. The policy credit activities are delegated through 4 socio-political organizations.


The local people learn about new credit programs at a transaction point in Tay Phong Commune (Cao Phong).

Mr. Bui Van Ben, the Vice Chairman of Tay Phong commune People's Committee, said that in order to achieve the above results, the Commune People's Committee timely implemented credit policy programs to the Board of Hunger eradication and Poverty Reduction and four entrusted politic – social organizations. At the same time, it well organized the propaganda campaigns on policies and guidelines of the Party and the State to the masses by announcing via loudspeakers in villages and hamlets about the forms of lending, beneficiaries. Annually, the Commune People's Committee directs the review and supplement of policy beneficiaries in a timely, accurate and convenient manner to access credit policy resources to step by step develop the household economy and get out of poverty. In addition, the District Social Policy Bank provided the commune with professional training courses for the trustee organizations, the management boards of the savings and credit groups; answered questions during the implementation of credit policy programs to the association and the savings and credit groups; guiding to update books, follow up, keep track of credit activities and record books related to delegation scientifically. At the same time, it regular monitors the loan source of the savings and capital groups, thus to improve the efficiency of using the borrower's credit, the quality of credit is always guaranteed. Up to now, the per capita income of the commune has reached 29 million VND/ year; the rate of poor households is 10.7%; the rate of near poor households is 12.5%.

 

Related Topics


Hoa Binh enhances awareness of "Safe and happy school" Project

The Department of Education and Training of Hoa Binh province held a conference on March 18 to review the performance of the "Safe and Happy School" Project and set out tasks for 2025. The project, funded by the Taiwan Fund for Children and Families (TFCF), aims to create a safe, inclusive, and supportive learning environment for students. The event saw the attendance of representatives from the TFCF and 26 beneficiary schools.

Industrial zone trade unions enhance support for female workers

With over 70% of their workers being women, trade unions across industrial parks (IPs) in Hoa Binh have been actively safeguarding their legal rights and interests while implementing initiatives to improve their income and well-being.

Provincial General Hospital innovate to better medical check-ups, examination

In recent years, the Hoa Binh provincial General Hospital has continuously innovated itself and improved the quality of medical services to meet the increasing needs of local people. With substantial investments in infrastructure and modern equipment, along with a team of highly qualified doctors and nurses, the hospital has gradually established itself as one of the leading medical units in the Northwestern region and a trusted destination for healthcare for people inside and outside the province.

Le Van Tam Primary School’s programming club shines on national stage

From mastering the fundamentals of programming to achieving national recognition, the Programming Club of the Le Van Tam Primary School (STAR LVT28) in Hoa Binh city has made remarkable strides in the field of robotics.

Hoa Binh youth launch “digital literacy” team

The Ho Chi Minh Communist Youth Union Committee and the Vietnam Youth Federation chapter of Hoa Binh province organised a programme on March 12 to launch the "Digital Literacy" movement and an online quiz on the resolutions of the Vietnam Youth Federation congresses at all levels, as well as the Politburo's Resolution No. 57-NQ/TW on breakthroughs in the development of science, technology, innovation, and national digital transformation.

Sustainable forest development tied to environmental protection

As climate change grows more unpredictable, the development of production forests has become essential - not just for economic growth, but for safeguarding the environment and maintaining ecosystem balance. By boosting local incomes, curbing natural disasters, preventing soil erosion, and protecting water resources, these forests play a crucial role in sustainable development.