Society

Nearly 1.3 million poor, near-poor households provided with social policy bank loans

Nearly 1.3 million poor and near-poor households had got access to loans from the Vietnam Bank for Social Policies (VBSP) to cope with COVID-19 in the first half of this year.
Nearly 1.3 million poor, near-poor households provided with social policy bank loans ảnh 1Nearly 1.3 million poor and near-poor households had got access to loans from the Vietnam Bank for Social Policies. (Photo: VNA)
Hanoi (VNA) – Nearly 1.3 million poor andnear-poor households had got access to loans from the Vietnam Bank for SocialPolicies (VBSP) to cope with COVID-19 in the first half of this year.

VBSP General Director Duong Quyet Thang said thebank’s total credit loans stood at 247.34 trillion VND (10.3 billion USD), up13.91 trillion VND from the previous year.

The bank granted loans worth 48.21 trillion VND (over 2 billion USD) in thefirst two quarters to serve production and business, improve people’s livingstandards, and deal with the impacts of the pandemic, contributing to povertyreduction, new-style rural area building and social welfare.

The loans have also helped to create jobs for nearly249,000 labourers, including 1,600 guest workers, and provided support for over16,000 students in difficult circumstances.

Up to 879,000 water supply and sanitation facilities,and 3,600 houses for social policy beneficiaries were also built with theloans./.


VNA
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