(HBO) – Over the past years, the Vietnam Bank for Social Policies (VBSP)’s branch in Luong Son district, the northern mountainous province of Hoa Binh, has successfully implemented the Government’s preferential loan programmes. Through entrusted organisations and associations, the loans have come to the right persons, helping them overcome difficulties and escape from poverty sustainably.
Duong
Quoc Lap, in Lam Truong village, Truong Son commune, Luong Son district, invests
in fruit tree planting.
Duong Quoc Lap, in Lam Truong village, Truong Son commune, Luong Son district,
got a loan of 30 million VND from the VBSP to plant nearly 2 hectares of
oranges and pomelos. His orchard is expected to generate about hundreds of
millions of Vietnam dong each year.
With simple and rapid procedures, long terms and low interest rates, the
preferential loans are necessary for poor households and social policy
beneficiaries in Luong Son district. Hundreds of local households have accessed
the loans and used them effectively.
Currently, the VBSP’s branch in Luong Son district is implementing 15 credit
programmes for social policy beneficiaries. Most of them have been entrusted
partially through political-social organisations, with entrusted loan balance
accounting for 99.2 percent of the total loan outstanding balance.
The district has 245 saving and lending groups in 20 communes and townships. At
the end of 2018, loans worth 68.5 billion VND were given to local households,
with accumulated loan outstanding balance exceeding 254.5 billion VND by 9,564
households. Debt collection was over 50.4 billion VND and overdue debts make up
only 0.1 percent of the total loan outstanding balance.
The bank and its entrusted organisations have instructed their staff to follow
procedures, and coordinated with relevant agencies to create favourable
conditions for members of the saving groups to participate in training courses
on husbandry, cultivation and capital management./.
Recognising the importance of environmental criteria in building new-style rural areas, Hoa Binh province’s Party committees and authorities have focused on protecting the rural and craft village environment. These efforts have transformed the rural landscape and gradually improved local living standards.
With an allocation of 44 billion VND (1.72 million USD) under the national target programme on socio-economic development in the ethnic minority-inhabited and mountainous areas for the 2021-2025 period, Hoa Binh city has invested in the target areas, creating many changes in the living conditions of local ethnic minority communities.
The social security system at all levels in Hoa Binh province has been making concerted efforts to ensure benefits of citizens and workers when they participate in social insurance and health insurance.
With the motto "for the interests of the union members and employees”, in 2024, Tan Lac District’sLabor Federation has implemented many activities towards the grassroots. They have been paying attention and protecting the legitimate and the legal rights of the union members, employees, the civil servants, and laborers, which has been contributing to motivating and encouraging the spirit of the union members and the laborers to enthusiastically compete in labor production, actively contributing to the development of the agencies, units and enterprises.
