(HBO) – Over the past years, preferential loans provided by the Vietnam Bank for Social Policies (VBSP) have assisted farmers in Da Bac district in household economic development, thus helping to create jobs, raise income and improve living standards of rural residents.
Thanks to soft loans of the VBSP, residents in Tam hamlet of
Cao Son commune (Da Bac district, Hoa Binh province) have developed animal
husbandry.
To facilitate locals’ access to preferential
credit, the VBSP branch in the district has actively coordinated with sectors
and organisations to boost communications to help people learn about lending
programmes and loan sources.
There are 244 savings and borrowing groups with
9,509 members across Da Bac at present. On average, every commune has 12
groups, each with 40 members. At those groups’ regular meetings, the VBSP’s
credit staff inform participants about capital growth, the rates of poor,
near-poor and policy beneficiary households eligible for borrowing, as well as
lending and loan disbursement procedures.
The bank has held meetings with local
authorities, organisations, and management boards of savings and borrowing
groups. At the same time, it has also provided training to help cadres and
residents further understand the VBSP’s activities and the Party and State’s
new preferential credit policies.
At present, the VBSP Da Bac branch is
implementing 14 preferential credit programmes with total outstanding loans
topping 354 billion VND (15.2 million USD) for 9,500 households. More than 99
percent of the credit is supplied in the form of entrusted loans via four
socio-political organisations. Aside from promoting verification to disburse
loans in a timely manner, the branch has also worked closely with associations,
organisations, and savings and borrowing groups to encourage people to use the
capital for right purposes effectively.
As a result, credit quality has been improved,
and the rate of overdue debts reduced to only 0.03 percent of total outstanding
loans. Almost 5.4 billion VND has also been deposited in savings accounts via
the bank’s communal transaction offices in Da Bac.
In 2019, 3,437 clients borrowed from the VBSP.
Preferential loans helped create jobs for 110 labourers, build 918 water supply
facilities and sanitary works in rural areas, and construct 133 houses for poor
families. They also served as a source of support for local students to enroll
in universities, colleges and vocational schools, and for 1,469 disadvantaged
ethnic minority households to develop production and business activities./.
During the two days of November 14th – 15th, at the Provincial Cultural Palace, the Department of Industry and Trade organized a conference to connect the product consumption of the ethnic minorities and the mountainous areas in 2024. There was the attendance of the representatives of leaders of a number of departments, branches, businesses, manufacturers and distributors inside and outside the province.
The One Commune One Product (OCOP) programme is reshaping the rural economy of Lac Son district, helping improve living standards, particularly among the ethnic minority communities in remote areas of Lac Son district.
The Van Mai dam xanh (Bangana lemassoni) fish has long been famous for its unique and delicious flavour, earning a spot on the menus of many restaurants and attracting food connoisseurs. In recent years, residents in Van Mai commune, Mai Chau district, have expanded their fish farming areas and striven to build a strong reputation for their product. They are also working to establish it as an OCOP (One Commune, One Product) item to increase their income.
Outstanding rural industrial products of Hoa Binh province in 2024 were recently honoured and granted certificates, becoming a source of pride for producers and also a boost for local economic development. The honourees are all deeply imbued with the local cultural identity and boast considerable commercial potential, helping popularise the image of Hoa Binh to domestic and international consumers. This is also a solid stepping stone for rural industrial establishments to develop.
In the first 10 months of 2024, Hoa Binh city made significant progress in job creation and labour exports, sending 112 workers abroad through partnerships with authorised recruitment firms.
An award ceremony to announce the official certification for Mai Chau district’s Bangana lemassoni fish, a specialty of the locality because of its unique flavour, was held recently in the district.
