Business

Preferential credits give strength to poor households

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 statistics.
The Government has channeled 114 trillion VND (5.4 billion USD) to help21.4 million poor households fight poverty through networks of theVietnam Bank for Social Policies (VBSP), according to officialstatistics.

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 labourershave been sent abroad while three million turns of poor students gotaccess 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 taskedthe VBSP to ensure that all poor households who meet certainrequirements can access to preferential credit sources.

Governor of State Bank of Vietnam Nguyen Van Binh said the centralbank will create favourable conditions for the VBSP to acquirepreferential capital or official development assistance to ensure itscredit abundance.

The central bank will also ask Statecredit organisations to keep 2 percent deposits at the Bank for SocialPolicies, Binh said.-VNA
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