– 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
Poverty
Kon Tum poor households reject poverty status
"In the village, there are still many elderly people who have it harder than me. My family is not rich but I think it is enough. I would like to leave the poor household status to give back the support to the more needy households,” said A Thư, 46, a father of 10 children in Đăk Kang Peng Village, Diên Bình Commune. … [Read more...] about Kon Tum poor households reject poverty status
Unceasing efforts to reduce poverty in ethnic minority areas
Poverty also hangs over younger residents. Thirty-year-old Dieu Ba has four children. With a large family but no land, as well as earning a living from tapping rubber trees he makes use of his neighbour’s vacant plot of land to plant corn and vegetables to provide for his family. … [Read more...] about Unceasing efforts to reduce poverty in ethnic minority areas
Capital convergence helps boost poverty reduction
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
New breakthroughs expected to be made in 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
