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Updated: 2023-04-25 10:02:49

Effectively promote policy capital

(VBSP News) In recent years, thanks to the preferential capital resources from the VBSP entrusted through the Commune Farmers' Association, farmer members in Cat Son commune, Phu Cat district (Binh Dinh) have more resources to invest in economic development, creating new  efficient economy models.




Model of cage fish farming in Hoi Son lake, Cat Son commune

Up to now, the Commune Farmers' Union has managed the total outstanding loans of VBSP over VND 16 billion for 285 members. The inspection and supervision of capital resources is carried out regularly at 100% of the Savings and Credit groups. From the preferential capital resources, many farmer members have developed an effective economy, gradually stabilized their lives, and become good examples of good production and business in the locality.

In addition, the Association pays attention in vocational training and supporting farmers. For the 2018-2023 term, the Commune Farmers' Union organized 63 training courses to transfer scientific and technological advances in: cultivation, husbandry and pest control for crops with more than 4,650 turns of farmer members attending.

With his own efforts and the companionship and support of the Commune Farmers' Union, member Nguyen Van A in Thach Ban Dong village has risen to become one of the good business and production examples. Mr. A shared: “In previous years, through the Commune Farmers' Association, I attended a science and technology training course on farming and raising cattle. The association helped me get a preferential loan from the VBSP to invest in raising hybrid cows, breeding pigs, and seedlings to develop economic models. Currently, the model of raising cows and pigs in combination with farming and planting green skin pomelos brings in an income of over VND 150 million/year after deducting expenses.


From the VBSP's capital, not only Mr. A's family but also many households in the commune have developed their economy and become better off through effective models such as: Fish farming in cages; planting green-skinned pomelo; growing zucchini, vegetables; livestock, poultry…

Chairman of the Cat Son Commune Farmers' Association Phan Van Trung said: The association always follows the directives of the superiors, coordinates with the VBSP’s Phu Cat district to perform well the task of entrusting capital. Entrustment activities have a positive impact on the quality of activities of the Association and the farmer's movement of the commune, contributing to attracting and gathering more members to participate in the organization of the Association.

In the coming time, the Commune Farmers' Union will continue to implement solutions to improve credit quality; promote propaganda of new guidelines and policies of the Party and State on policy credit to members; take advantage of the support and create conditions of the party committees and local authorities for lending entrustment activities; strengthen inspection and supervision in order to promote the efficiency of capital sources; coordinate with functional branches to organize training and transfer science and technology advances.








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