– The Vietnam Bank for Social Policies (VBSP)’s soft loans for poor people has been seen as a standout in Vietnam’s effort to achieve sustainable poverty reduction.government support that enables many of them to lift themselves out of poverty and even become so better off that they can afford to help other people.working abroad. For them, travelling all the way down to work at industrial parks in Hanoi, Vinh Phuc or Hai Duong was challenging enough, let alone going abroad.Making better life thanks to soft loans … [Read more...] about Effective use of soft loans fosters sustainable poverty reduction
Getting loans from banks
Pham Anh Duc, Director of the Binh Thuan branch of the Vietnam Bank for Social Policies, said over the past 5 years, the branch has disbursed 3.15 trillion VND for over 140,000 poor households, near-poor households and other policy beneficiaries to develop production and business.poor households have received support to build their houses; and nearly 10,000 households living in disadvantaged areas have got loans to invest in production and business./. … [Read more...] about When the Party’s Directive 40 spreads in life!
Social policy credit has been promoted by the determination of the Government and the coordination of ministries and sectors. In its resolutions submitted to the National Assembly for approval on middle-term public investment in the 2016-2020 period and other yearly public investment plans, the Government has paid much attention to the allocation of capital to the VBSP to implement credit programmes. … [Read more...] about Capital convergence helps boost poverty reduction
2020 is the last year to implement the development strategy of the VBSP for the 2011-2020 period. Therefore, the bank has strived to well implement the credit plans assigned by the Prime Minister, prioritised lending to poor and near-poor households, those just getting out of poverty, communes in ethnic minority, extremely difficult, remote and border areas as well as regions hit by natural disasters, in combination with national target programmes on sustainable poverty reduction and new-style rural area building./. … [Read more...] about New breakthroughs expected to be made in poverty reduction
A view of the Trong Dong Music Stage Theater where an underground carpark is expected to develop – PHOTO: NGUYEN ANH HCMC – The HCMC authorities should determine the fate of the various underground parking projects within the city center and seek new investment methods to spur their development, instead of sticking to the old foot-dragging methods that have delayed the projects for a decade. … [Read more...] about New investment methods needed for HCMC’s delayed underground parking projects