Effective use of concessional loans from the Vietnam Bank for Social Policies (VBSP) has been seen as a "key” for poor households and policy beneficiaries in the mountainous district of Da Bac to improve income and better the quality of life towards sustainable poverty reduction.
An
official from the Vietnam Bank for Social Policies’ Da Bac district branch
studies capital demand from a Da Bac local.
As the only impoverished district of Hoa Binh
province, Da Bac has a great demand for this kind of loans. Over the past
years, Da Bac is one of the localities with the highest amount of outstanding
debt.
To date, total outstanding credit in the
district has topped 546 billion VND (22.58 million USD), with nearly 14,000
customers. During January – October, 1,896 impoverished households and policy
beneficiaries got access to some 75.5 billion VND in preferential loans, helping
them develop business models to get out of poverty.
With 56.7 billion VND of concessional loans
granted to more than 1,000 households, Tu Ly is the commune with the largest
amount of outstanding credit in Da Bac district. From the outset of the year, 240 households in
the commune have been able to take out loans from the VBSP.
According to an official from the communal
People’s Committee, the loans have an important role to play in alleviating
poverty and building new-style rural areas. Meanwhile, Vice Chairman of the People’s
Committee of Hien Luong commune Xa Van Hoe described them as a locomotive for
the residents to improve income, and help the commune meet the advanced
standards of the new-style rural area building.
Xa Van Huy in Doi hamlet invested 100 million
VND that he took from the bank in tens of fish cages. To date, the fish cage
model has earned his family a stable income.
Statistics from Hien Luong commune showed that
total outstanding credit in the commune has neared 22 billion VND so far.
During January – October, the VBSP gave preferential loans to 116 households,
helping generate jobs for 11 labourers and renovate and build 140 clean water
facilities.
Director of the VBSP’s Da Bac district branch
Nguyen Binh Nam said the bank will mobilise more resources to meet the capital
demand of the local residents, contributing to realising the district’s
socio-economic development and poverty reduction targets, and ensuring social
security.
At HANOI JVC Training Center (Hanoi), the Farmers’s Support Center, the Provincial Farmers' Union and VTC1 International Development joint Stock Company recently held a signing ceremony for a cooperation agreement to link consulting and create the labor resources working abroad for a limited period of time.
In recent years, the education career in Yen Thuy district has changed positively. The school facilities have newly been built and the quality of education has improved.
The Board for Women's Advancement of Hoa Binh province on November 11 officially launched the Action Month for Gender Equality, focusing on preventing and addressing gender-based violence. As part of the event, a special talk was held on the theme of sharing household work for a happy family. The event drew 300 delegates, including Nguyen Van Toan, Standing Vice Chairman of the provincial People's Committee and head of the provincial Board for Women's Advancement.
The people in Hoa Binh province are aware of the need to build and preserve the cultural traditions and unique customs of their communities, especially those related to ethnic identities and family values which serve as foundation for a vibrant, tradition-rich Hoa Binh, enriching community life. In recent years, the province’s Party Committee, authorities, and residents have paid heed to building and developing family values and fostering human standards in the new era.
The festival of great national solidarity and culture in 2024 was held at the communal house of Da Bac district on November 5. Vice Chairman of the provincial People’s Committee Nguyen Van Toan and leaders of departments and sectors attended the event.
The Labor Federation of Da Bac district has focused on protecting workers' rights while actively participating in patriotic emulation movements to enhance the creativity and productivity of the local workforces across agencies, organisations and enterprises.
