The Bank for Social Policies has disbursed 8,896 billion VND (370.6 million USD at current rate) of concessional loans under the Socio-Economic Development and Recovery Programme under Resolution No.11, with more than 213,000 borrowers.
More than 2 million poor households won access to loans worth over 80 trillion VND (3.52 billion USD) from the Vietnam Bank for Social Policies (VBSP) last year.
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.
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).
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