Tran Lan Phuong, VBSP Deputy General Director, said that in 2019, the policy credit benefited nearly 2.2 million poor households and other policy beneficiaries. This was one of many outstanding achievements of the bank last year, contributing to supporting poor and near-poor households and those who have just got out of poverty to raise incomes, reduce poverty sustainably, and promote socio-economic development.credit programmes, the bank has implemented synchronous measures to consolidate and improve credit quality. As of December 31, 2019, overdue and charged-off debts were over 1.43 trillion VND, accounting for 0.69 percent of the total outstanding loans. policy credit and the increasingly efficient use of capital by the poor and other policy beneficiaries. … [Read more...] about Policy credit contributes to repelling black credit in poor rural areas
When being asked about Mien, one of the typical poor people in the commune, people here said her family is very poor but their will is great. Her three children have pursued tertiary education with loans from the Vietnam Bank for Social Policies. The one-floor wooden house is quite old, as if it is telling a story about the situation of Mien's family. … [Read more...] about When the Party’s Directive 40 spreads in life!
A power station in the central region. Mustering the financial resources required to increase the country's energy supply, which is estimated at US$8-10 billion annually, has been difficult. — Photo Industry and Trade Magazine Speaking at the hearing, Tran Tuan Anh, Minister of industry and trade and leader of the ministry overlooking the energy sector, said the development of power supply was being held back by a number of shortcomings and limitations in the country's investment framework. … [Read more...] about Ministry proposes overhaul of investment framework for power projects
Meanwhile, the sector has become more dependent on imports of raw input material. Viet Nam has had to import coal and soon liquefied natural gas (LNG). By the ministry's projection, the country will have to import up to 60 million tonnes of coal and 12 million tones of LNG in 2030, which puts the country's energy security at risk without careful planning and strategy. … [Read more...] about MoIT proposes overhaul of investment framework for power projects
Therefore, materialising Directive No. 40 plays a significant role in the implementation of social policy credits. The document mobilises human resources and capital of not only localities but also the business community, social organisations and individuals in sustainable poverty reduction, so that no one is left behind. It also targets economic growth and social equality and progress. … [Read more...] about New breakthroughs expected to be made in poverty reduction