In recent years, the preferential loans from the Bank for Social Policies (VBSP) have been contributing to creating jobs for many employees in the province. This source of capital has helped many households invest in economic restructuring, increasing income, and reducing the sustainable poverty.


The Provincial Bank for Social Policies has been actively coordinating with the entrusted socio-political organizations to review and grasp the need for loans to solve jobs of the people in the province.

 

Mr. Hoang Tuan Viet's family nfrom Lien Son sub-area in Luong Son town (Luong Son) is one of the households doing good business from agricultural production. Thanks to a loan of 80 million VND from the capital of the employment creation from the Bạnk forSocial Policies, Mr. Viet's family has invested in re-planning the garden to raise chickens and grow grapefruit. Thanks to applying the knowledge from the vocational training classes and scientific and technical guidance, the plants and animals all develop well. Therefore, Mr. Viet's family achieved great success from the first harvests. From a household with an unstable income, Mr. Viet's family has now risen to become a typical production and business household of the district. "Thanks to the capital of the Bank for Social Policies, my family has had conditions to carry out the restructuring of crops and livestock, especially during the difficult times. Thereby, it has brought economic efficiency and more stable income. We hope that VBSP will continue to create conditions and have more capital for the economic development to bring about greater efficiency,” Mr. Viet says. 

Ms. Dinh Thi Minh's family from Quyet Chien hamlet, Tu Ly commune (Da Bac) is also a household that has achieved many practical results in economic development thanks to the timely "support” of the capital to create jobs from the Bank for Social Policies. Being a long-time livestock farmer, however, due to the impact of the Covid-19 epidemic (2020 - 2021), the price of low cows greatly affected Mrs. Minh's family's income. Fortunately, during the difficult times, her family was able to borrow 50 million VND creating jobs to restore the economy. Ms. Minh says: Previously, the family raised cows in the forests and hills, far from home, so the management and care were very difficult. Due to the impact of the Covid-19 epidemic, the cow was stolen, so the family moved to raise livestock closer to home. With the money borrowed from the Bank for Social Policies, the family was able to build a barn and invest in growing grass to fatten the cows. Thanks to that, the economy has gradually recovered and become more stable.

It can be said that the effective implementation of the loan program creating jobs has made an important contribution to ensuring the social security. Thanks to this source of capital, Mr. Viet and Mrs. Minh's family and thousands of other households have risen for the economic development, escaping poverty and have gradually got rich. According to the Provincial Bank for Social Policies, the branch currently manages 20 policy credit programs. Since the beginning of the year, 11 programs have been disbursed with the loan sales of nearly 704 billion VND, lending to over 15.7 thousand turns of the poor households and other policy beneficiaries. In particular, the loans creating jobs is one of the three programs with the highest loan turnover, with 152 billion VND. The total outstanding debt of this credit program has reached 871.6 billion VND/18,950 outstanding customers, the second highest among the credit programs that the Provincial Bank for Social Policies is managing. 

In the first 4 months of 2024, from the loan capital creating jobs, job has been created, maintained and expanded for 3,154 employees in the province. Currently, the Provincial Bank for Social Policies continues to coordinate with the functional sectors and authorities at all levels to review loan for job creation programs and promptly disburse loans to the employees in the province

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.