Society

Preferential loans provided for households escaping poverty

More than 30,000 low-income families were given access to preferential loans worth 1.06 trillion VND (48 million USD) after a month spent implementing a decision by Prime Minister Nguyen Tan Dung.
Preferential loans provided for households escaping poverty ảnh 1Illustrative image (Source: VNA)

More than 30,000 low-income families were given access to preferential loans worth 1.06 trillion VND (48 million USD) after a month spent implementing a decision by Prime Minister Nguyen Tan Dung.

The decision created a credit policy to help households escape poverty, said the Vietnam Bank for Social Policies (VBSP), which is financially in charge of the loans.

Large amounts of preferential loans were given out in the central province of Thanh Hoa – 96.3 billion VND (4.3 million USD). Can Tho in the south saw 50 billion VND (2.25 million USD), the central highlands province of Lam Dong saw 47.4 billion VND (2.1 million USD) and the central highlands province of Dak Lak got 29.5 billion VND (1.3 million USD).

Other localities have continued carrying out the loan programme in October.

Under the decision, which took effect on September 5, households escaping poverty are eligible to borrow a maximum amount of 50 million VND (2,250 USD) from VBSP with a yearly preferential interest rate of 8.25 percent for five years to develop production and business.

The credit programme creates favourable conditions for the borrowers, due to its simple borrowing procedures and no mortgage requirements.-VNA

VNA
#preferential loans#households escaping poverty#VBSP#no mortgage
Follow VietnamPlus

Related News

Free publications help Lai Chau with poverty reduction

Free publications help Lai Chau with poverty reduction

Hundreds of ethnic minorities in the northern mountainous province of Lai Chau have risen out of poverty through access to farming innovations and incentives unveiled in newspapers and magazines distributed free of charge.
Bank helps 3.6 million households escape poverty

Bank helps 3.6 million households escape poverty

As many as 3.6 million households have escaped from poverty while 12 million people have found employment as direct and indirect outcomes of preferential loans from the Vietnam Bank for Social Policy.

See more

Illustrative image (Photo: VNA)

ASEAN’s goods, culinary culture promoted in Europe

The ASEAN Committee in Prague (ACP) launched an "ASEAN Food Corner" on October 22, aiming to promote the culinary culture and introduce goods from ASEAN countries to consumers in the Czech Republic and Europe at large.

If the plan is approved, public employees will enjoy a continuous 9-day Tet break from January 25 to February 2 next year. (Photo: VNA)

2025 Lunar New Year holiday plan submitted to PM

The Ministry of Labour – Invalids and Social Affairs on October 22 submitted a proposal to the Prime Minister regarding the schedule for the 2025 Lunar New Year (Tet) – Vietnam’s largest traditional celebration – and other national holidays.

Illustrative image (Photo: VNA)

Kien Giang continues to take firm stand against IUU fishing

The Standing Board of the Party Committee of southern Kien Giang province has called for strengthening the Party's leadership in the fight against illegal, unreported and unregulated (IUU) fishing, part of a broader national effort to have the “yellow card” warning lifted by the European Commission (EC).

Yen Bai city in the northern province of Yen Bai is severely affected by Typhoon Yagi. (Photo: VNA)

Vietnam receives EU’s humanitarian aid for Typhoon Yagi victims

The Vietnam Red Cross Society (VNRC) Central Committee has received humanitarian response and early recovery support from the European Union and its member states through the International Federation of Red Cross and Red Crescent Societies (IFRC)' Emergency Appeal to assist the Vietnamese people affected by Typhoon Yagi and its subsequent floodings.

Conscripted Vietnamese workers honoured with ceremony in France (Photo: VNA)

Conscripted Vietnamese workers honoured with ceremony in France

A solemn ceremony was held on October 20 in the southern city of Arles, Bouches-du-Rhône prefecture of France, to mark the 10th anniversary of the memorial dedicated to Indochinese workers who came to work in the Camargue region during World War II.

At the signing ceremony of a cooperation agreement between Bac Lieu and Uiseong county, Gyeongsangbuk-do province on sending local labourers to the RoK to work seasonally under the form of locality-to-locality collaboration between the two countries in the 2023 - 2027 period. (Photo: VNA)

Bac Lieu, Korean locality sign labour cooperation agreement

The Mekong Delta province of Bac Lieu on October 21 signed a cooperation agreement with Uiseong county, Gyeongsangbuk-do province of the Republic of Korea (RoK) on sending local labourers to the RoK to work seasonally under the form of locality-to-locality collaboration between the two countries in the 2023 - 2027 period.

(Photo: VNA)

Tien Giang strives to reduce poverty rate to 0.87% this year

The Vietnam Fatherland Front (VFF) Committees at all levels in the southern province of Tien Giang have collaborated with agencies and organisations to speed up social security programmes, aiming to reduce the province's poverty rate to 0.87% this year, said Vice President of the provincial VFF Committee Huynh Van Hai.

The Chinese sailor is rushed to FV (Franco-Vietnamese) Hospital in Ho Chi Minh City for treatment as soon as he is brought to the shore. (Photo: VNA)

Chinese sick sailor on vessel AMIS STAR provided with first aid

A ship from the Vietnam Maritime Search and Rescue Coordination Centre (VMRCC) on October 20 provided first aid to critically-ill Chinese sailor on a Liberia-flagged vessel off the coast of the southern province of Ba Ria-Vung Tau before bringing him to the shore for further treatment.

At the meeting between Deputy Minister of Home Affairs Vu Chien Thang and UN Deputy High Commissioner for Human Rights Nada Al-Nashif. (Photo: VNA)

Vietnam respects right to freedom of belief, religion: official

Deputy Minister of Home Affairs Vu Chien Thang highlighted Vietnam’s consistent policy of respecting and protecting the right to freedom of belief and religion for all people, while meeting with UN Deputy High Commissioner for Human Rights Nada Al-Nashif in his recent trip to Switzerland.