Social credit programmes supporting rural Hanoi households

Hanoi (VNA) - Social credit programmes have contributed to the fruitful results Hanoi has obtained in poverty alleviation in the 2016-20 period. 

Chairman of the Hanoi People’s Committee Nguyen Duc Chung said the city has focused on policies and solutions over the years to give rural areas a facelift and help as many rural families as possible escape from poverty.

The national target programme on building new-style rural areas has also helped improve infrastructure and set up intensive production zones, raising farmer incomes.

As of the end of March, branches of the Vietnam Bank for Social Policy in Hanoi had disbursed 13.59 trillion VND (581.4 million USD) to nearly 434,000 customers via 17 preferential credit programmes. 

Social policy programmes have been launched in all Hanoi localities since 2016, helping some 147,000 households gain access to loans and generating 184,000 jobs.

Nearly 217,000 clean water facilities and more than 4,000 houses for the poor were also built in rural areas. 

Hanoi’s poverty rate was less than 1.2 percent as of late 2018, fulfilling its target for the 2016-2020 period two years ahead of schedule.

As of the beginning of this year, the city had 4,112 poor families and about 3,940 near-poor families, accounting for 0.2 percent and 0.19 percent of all households, respectively./.