(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./.
The women's unions at all levels in Kim Boi district have been making significant contributions to the movement of building cultural life in the local community.
The movement helps improve rural look and the spiritual and material lives of local residents.
The Hoa Binh provincial People’s Committee has issued an action plan to ensure food safety, promote processing, and develop the market for agricultural, forestry, and fishery products in 2025.
In recent years, the development of rural handicrafts has not only helped preserve and promote the traditional values but it has also created jobs and improved incomes for the local residents.
By harmoniously combining traditional medicine with modern medical practices, the Hoa Binh Traditional Medicine Hospital is strengthening its role in the province’s healthcare system.
