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Updated: 2023-11-29 15:42:17

About 2,500 households in Binh Phuoc province tried to escape poverty

To implement the National Target Program on sustainable poverty reduction for the period 2021 – 2025, Binh Phuoc has set a target of reducing from 2,000 to 2,500 poor households per year under the multidimensional poverty standard with a decrease of 1,000 poor ethnic minority households.


Model of goats farming from policy credit

Poor households took loans to do business well

Accompanying Vietnam Farmers’ Association at all level, VBSP Binh Phuoc branch gave preferential credit to the poor for economic development and lives improvement. Mr. Dieu Ngon’s family (S’tieng ethnic minority, in village 2, Loc An commune, Loc Ninh district) was among typical production households for using effectively loans and became a shining example for local people to follow.

In 2018, Mr.Ngon’s family was the poor household in the village. His family was approved to borrow VND 30 million from Poor Households Program of VBSP Loc Ninh district. He enjoyed courses of raising cattle and decided to raise 6 goats. After 4 years, his family currently has totally 30 goats.

He earned more than VND 100 million per year from selling goats. From this income, he grew fruit trees such as jackfruit and durian. He fertilized plants with the goats’ excrement, helping them grow green and have fewer pests. His family currently built a new house and their lives were getting more and more stable. He also paid off his debt and received another loan from Near-poor Households Program of VBSP.

Mr. Dieu Don's family (village 5, Binh Minh commune, Bu Dang district) had more than 0,8 hectares of old cashew trees. He got many difficulties because he had a big family. In 2022, Mr. Don received a loan of VND 50 million from VBSP Bu Dang district to raise buffalo. Luckily, his buffalo herd developed well and had one more calf.

In 2023, Mr. Don was approved for an additional loan of VND 50 million to renovate the cashew garden as well as raise more buffaloes. Mr. Don said: "Thanks to the credit of VBSP and the support of the Commune Farmers' Association, my family had a livelihood to improve our lives. The buffalo herd developed to 4 units. In addition, my wife and I found other jobs to earn more money. I just hope the buffalo herd grow quickly."

According to Vo Trong Hoa, Deputy Director of Binh Phuoc Branch, Savings and Credit Groups helped to channel loans timely to residents and commune transaction points located near people helping themto save travel costs. By June 2023, the total entrusted capital managed by the Farmers' Association has reached more than VND 1,104 billion, with 24,872 households borrowing loans through 560 Savings and Credit Groups. It has been important that group members knew how to develop their economy, avoid social evils, and contribute to socio-political stability.

 Implement multi-dimensional solutions for poverty reduction


Poor households in Binh Phuoc province borrow policy credit to develop livestock

Mrs. Thi Sua (in Long Ha commune, Phu Rieng district) was a poor household in the commune. She was recently given a house, a borehole and a cow by the local government and sponsors. Having a warm home to settle down, Mrs. Sua wasn’t surrounded by the poverty anymore. Mrs. Sua said that her family was very happy when given the house and the cow. Her son had a job, and she also found another job to earn more money, so her quality of life was improved so much.

Phu Rieng district has gradually reduced the number of the poor households in the area and strived to have no more poor households by 2025.

To implement the National Target Program on sustainable poverty reduction for the period 2021 - 2025, Binh Phuoc sets a target of reducing 2,000 - 2,500 poor households per year according to the multidimensional poverty standard; in which, a decrease of 1,000 poor ethnic minority households. Plan of sustainable poverty reduction for the period 2021 - 2025 requires: Support health insurance for 100% of poor households, near-poor households, and people living in extremely disadvantaged areas.

Tran Khanh



Poor Households

Lending to poor households 6,6%/year
Lending to poor households in 64 poor districts as stipulated by the Government Resolution No.30a in 2008 3,3%/year

Near Poor Households

Lending to near poor households 7,92%/year


Lending to disadvantaged students 6,6%/year

People in need of loans for job creation

Lending to business establishments owned by war invalids and handicapped persons 3,3%/year


Term Deposit Rate
Overnight 3,04%/year
1 week 3,23%/year
2 week 3,5%/year