Social policy credit helped to build more than 4,000 houses, along with over 1.2 million safe water supply and sanitation facilities in rural areas in 2019, according to the Vietnam Bank for Social Policies (VBSP).
The capital amounts may be small to many urban families but thanks to them, those in rural and ethnic minority areas have escaped poverty and enriched themselves.
Social policy credit has lifted more than 2 million ethnic minority households out of poverty as of August 31, said Director General of the Vietnam Bank for Social Policies (VBSP) Duong Quyet Thang at a conference in Hanoi on September 25.
Social policy credit has lifted more than 2 million ethnic minority households out of poverty as of August 31, said Director General of the Vietnam Bank for Social Policies (VBSP) Duong Quyet Thang.
Social policy credit has reached all the communal-level localities nationwide, greatly helping with efforts towards sustainable poverty reduction, heard a teleconference in Hanoi on September 23.
The policy credit fund has for many years become the main direct support tool for the Central Highland province of Dak Lak to implement the national target programmes.
More than 1.15 million poor households and policy beneficiaries gained access to preferential loans in the first half of 2019, according to the Vietnam Bank for Social Policies (VPSP).
A workshop sharing Germany’s experience in the field of housing finance was held in Hanoi on November 21 by the the Vietnam Bank for Social Policies (VBSP) and the German building society, Bausparkasse Schwabisch Hall AG (BSH).
How to ensure financial sustainability and long-term financial services for the poor at the same time remains a headache for both policy makers and financial service suppliers.
Deputy Prime Minister Vuong Dinh Hue requested carefully reviewing poor districts in accordance with Resolution 30a while chairing a meeting in Hanoi on August 1.
The Vietnam Bank for Social Policies (VBSP) said it had a total credit balance of nearly 166.43 trillion VND (7.3 billion USD) as of June 30, 2017, up 5.8 percent compared with the end of last year.
The Vietnam Bank for Social Policies (VBSP) aims to offer 41 trillion VND (1.8 billion USD) of loans to the southwest region in 2030, up 13 trillion VND, or 46 percent, compared to 2016.
Total debt for basic construction in the new-style rural area building programme was reduced to about 9.55 trillion VND (434 million USD) at the end of 2016 from over 15.27 trillion VND (694 million USD) early last year
Preferential loans from the Vietnam Bank for Social Policies have helped lift 121,000 households in the Central Highlands region out of poverty since 2013.
Phase II of Prime Minister Nguyen Tan Dung’s newly approved programme for providing housing support to the poor will be implemented in 2016, according to the Vietnam Bank for Social Policy (VBSP).
As much as 1.24 million impoverished households and policy beneficiaries
in Hanoi have accessed capital from the Vietnam Bank for Social
Policies (VBSP) over the past 12 years, given a combined loan value of
over 14 trillion VND (658 million USD).
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