Fri. Mar 1st, 2024

The Government has channeled 114 trillion VND (5.4 billion USD) to help
21.4 million poor households fight poverty through networks of the
Vietnam Bank for Social Policies (VBSP), according to official

Of the beneficiaries, over 2.9 million households escaped from poverty during the past ten years.

Thanks to the preferential credit policy, more than 98,000 labourers
have been sent abroad while three million turns of poor students got
access to subsidised loans to finance their studies.

In addition, over 4.2 million sanitary water and environmental hygiene works and 484,000 houses have been built up.

To improve the effectiveness of the policy, the Government has tasked
the VBSP to ensure that all poor households who meet certain
requirements can access to preferential credit sources.

Governor of State Bank of Vietnam Nguyen Van Binh said the central
bank will create favourable conditions for the VBSP to acquire
preferential capital or official development assistance to ensure its
credit abundance.

The central bank will also ask State
credit organisations to keep 2 percent deposits at the Bank for Social
Policies, Binh said.-VNA

By vivian