The Party and State always give top priority to hunger elimination andpoverty reduction so the Vietnam Bank for Social Policies (VBSP) needsto improve the effectiveness of credit programmes designed for the work,Prime Minister Nguyen Tan Dung has said.
TheGovernment leader was speaking at the VBSP’s conference reviewing itsoperations in the 2003-2012 period in Hanoi on April 15.
In the reviewed period, the VBSP has provided loans to 21.4 million poor households and other policy beneficiaries.
As a result, 2.9 million households were lifted out of the povertyline, nearly 2.6 million people secured jobs, and 3 million poorstudents continued studying.
More than 4.2 millionwater supply and sanitation works were built in rural areas, 88,000houses were provided for families in the Mekong Delta, other 484,000houses were given to poor households and policy beneficiaries, and over98,000 members of policy benefiting families have been sent to workabroad.
VBSP’s outstanding balance currently stands at 113.9 trillion VND and its annual growth rate is 32.8 percent.
The bank has played an efficient part in reducing the percentage ofpoor families from 14.2 percent to 10 percent in 2011-2012, according toits report.
For its future sustainable development,the VBSP proposed the Government creating conditions to make its accessto ODA capital and long-term, soft loans easier and adopting policiesto encourage financial and credit institutions and economic groups tocontribute to policy credit resources.
During the past10 years, the VBSP has enthusiastically participated in the State’scredit programmes, and through political-social organisations includingthose of women, war invalids and youth union, it has lent a helping handto improve people’s living condition, PM Dung said.
He asked the Ministries of Finance and Planning and Investment as wellas the State Bank of Vietnam to work to raise the VBSP’s financialcapacity to better meet poor households and policy beneficiaries’ needfor loans.-VNA
TheGovernment leader was speaking at the VBSP’s conference reviewing itsoperations in the 2003-2012 period in Hanoi on April 15.
In the reviewed period, the VBSP has provided loans to 21.4 million poor households and other policy beneficiaries.
As a result, 2.9 million households were lifted out of the povertyline, nearly 2.6 million people secured jobs, and 3 million poorstudents continued studying.
More than 4.2 millionwater supply and sanitation works were built in rural areas, 88,000houses were provided for families in the Mekong Delta, other 484,000houses were given to poor households and policy beneficiaries, and over98,000 members of policy benefiting families have been sent to workabroad.
VBSP’s outstanding balance currently stands at 113.9 trillion VND and its annual growth rate is 32.8 percent.
The bank has played an efficient part in reducing the percentage ofpoor families from 14.2 percent to 10 percent in 2011-2012, according toits report.
For its future sustainable development,the VBSP proposed the Government creating conditions to make its accessto ODA capital and long-term, soft loans easier and adopting policiesto encourage financial and credit institutions and economic groups tocontribute to policy credit resources.
During the past10 years, the VBSP has enthusiastically participated in the State’scredit programmes, and through political-social organisations includingthose of women, war invalids and youth union, it has lent a helping handto improve people’s living condition, PM Dung said.
He asked the Ministries of Finance and Planning and Investment as wellas the State Bank of Vietnam to work to raise the VBSP’s financialcapacity to better meet poor households and policy beneficiaries’ needfor loans.-VNA
