Effective use of concessional loans from the Vietnam Bank for Social Policies (VBSP) has been seen as a "key” for poor households and policy beneficiaries in the mountainous district of Da Bac to improve income and better the quality of life towards sustainable poverty reduction.
An
official from the Vietnam Bank for Social Policies’ Da Bac district branch
studies capital demand from a Da Bac local.
As the only impoverished district of Hoa Binh
province, Da Bac has a great demand for this kind of loans. Over the past
years, Da Bac is one of the localities with the highest amount of outstanding
debt.
To date, total outstanding credit in the
district has topped 546 billion VND (22.58 million USD), with nearly 14,000
customers. During January – October, 1,896 impoverished households and policy
beneficiaries got access to some 75.5 billion VND in preferential loans, helping
them develop business models to get out of poverty.
With 56.7 billion VND of concessional loans
granted to more than 1,000 households, Tu Ly is the commune with the largest
amount of outstanding credit in Da Bac district. From the outset of the year, 240 households in
the commune have been able to take out loans from the VBSP.
According to an official from the communal
People’s Committee, the loans have an important role to play in alleviating
poverty and building new-style rural areas. Meanwhile, Vice Chairman of the People’s
Committee of Hien Luong commune Xa Van Hoe described them as a locomotive for
the residents to improve income, and help the commune meet the advanced
standards of the new-style rural area building.
Xa Van Huy in Doi hamlet invested 100 million
VND that he took from the bank in tens of fish cages. To date, the fish cage
model has earned his family a stable income.
Statistics from Hien Luong commune showed that
total outstanding credit in the commune has neared 22 billion VND so far.
During January – October, the VBSP gave preferential loans to 116 households,
helping generate jobs for 11 labourers and renovate and build 140 clean water
facilities.
Director of the VBSP’s Da Bac district branch
Nguyen Binh Nam said the bank will mobilise more resources to meet the capital
demand of the local residents, contributing to realising the district’s
socio-economic development and poverty reduction targets, and ensuring social
security.
In recent years, Thung Nai commune on has undergone significant changes in its appearance, landscape, and lives of local residents. Road 435 from Hoa Binh City to Tan Lac district’s Suoi Hoa commune, passing through the Thung Nai commune, has helped attract many tourists to the area.
A seminar on promoting the startup movement among high school students has been held recently by the provincial Department of Education and Training and the Vietnam National University of Agriculture at Tan Lac High School in Tan Lac district of Hoa Binh province.
In the morning of April 24th, at Uncle Ho’s Monument on Hoa Binh Hydroelectric Project, Vietnam Youth Federation coordinated with Hoa Binh Youth Federation to organize the journey "I love my Fatherland” to celebrate the 70th anniversary of Dien Bien Phu Victory.
From the fact that the market takes place only every Tuesday, Bo market in Van Son commune (Tan Lac) officially takes place every Sunday from March 24. Thereby, the aim is to turn the market into a place promoting the cultural identity of Muong people in Hoa Binh and the consumption of goods and products of the neighboring communes, meeting the needs of tourists for the local products when travelling to Van Son at weekends.
Nguyen Van Toan, Vice Chairman of the provincial People's Committee, chaired a meeting of the Steering Committee on Population and Development.
