Vietnamplus

The Mekong Delta province of Long An has taken effective measures to eradicate poverty.

Credit growth reached about 13% this year as of December 27, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu told a press conference in Hanoi on tasks for the banking sector next year.

Financial policies for socio-economic growth and development in the new context is the theme of the annual Vietnam Finance Forum 2022 held in the central city of Da Nang on November 25.

The Hanoi Stock Exchange (HNX) held 30 auctions of Government bonds (G-bonds) in October, with 55.66% of the total G-bonds on offer, worth 31.45 trillion VND (1.26 billion USD) sold.

The Vietnam Bank for Social Policies (VBSP)’s Ninh Binh Branch has provided more than 9.84 trillion VND (415.63 million USD) in soft loans for around 547,870 poor households and other policy beneficiaries in the northern province over the last two decades.

Over the past 20 years, loans provided by the Vietnam Bank for Social Policies (VBSP) has helped nearly 80,000 households in Bac Ninh get rid of poverty, heard a conference to review the implementation of a Government decree on credit support to the poor and policy beneficiaries in the northern province in the past two decades.

The State Bank of Vietnam (SBV) will give flexible and suitable management to guide credit resources to business and production activities and create favourable conditions for workers and low-income earners to access capital for house purchase, Governor Nguyen Thi Hong said on August 1.

The State Bank of Vietnam (SBV) said it had been working around the clock to ensure the smooth implementation of an interest rate package cut through the Vietnam Bank of Social Policies (VBSP).

Ho Chi Minh City’s credit growth has rebounded, growing by 3.65 percent as of the end of March, up 13.1 percent year-on-year, according to the State Bank of Vietnam’s HCM City branch.

Hanoi has set aside more than 2 trillion VND (87 million USD) in funds to support poor households, vulnerable groups, and small-to-medium sized businesses in a bid to speed up the capital's economic recovery.

Credit growth of the Vietnam Bank for Social Policies (VBSP)'s branch in the northern province of Bac Giang is expected to be between 7-10 percent in 2022, according to Vice Chairman of the provincial People’s Committee and head of the representative board of the branch's board of directors Phan The Tuan.

As some policies aiding the labour market’s recovery have been issued, both workers and businesses are hoping that those policies will be carried out as soon as possible.

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.

The Mekong Delta province of Bac Lieu has reduced the number of poor households to 842, or 1.45 percent of the province’s total households, by providing soft loans, vocational skills, and sustainable livelihood models to the poor.

As of the beginning of December, Hanoi collected over 255 trillion VND (11.12 billion VND) for the State budget, surpassing the target set by the government by 8.3 percent.

Capital allocated to the Hanoi’s branch of the Vietnam Bank for Social Policies (VBSP) by the city’s budget not only helped clients rearrange their production and trade but also restore agricultural production.

The capital city of Hanoi plans to mobilise about 92.7 trillion VND (4.07 billion USD) to complete all targets in new-style rural area building by 2025, including 83.7 trillion VND from the State budget and nearly 9 trillion VND from social sources.

The Government is going to issue a resolution on some policies supporting women and children with difficulties caused by the COVID-19 pandemic.

With effective implementation of the lending programme, over the past 19 years, the Vietnam Bank for Social Policies (VBSP) has become an effective tool in realising emergency credit policies, contributing to the country's poverty reduction cause.

The Ministry of Finance has proposed to the Government a credit package to support poor pupils and students in buying computers and equipment serving their online learning amid the COVID-19 pandemic.