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Updated: 2024-06-03 14:02:49

Ethnic minorities’ development

Thanks to preferential loans with 16 effective policy credit programs of VBSP Yen Bai Branch, the poor and other policy beneficiaries have been able to actively buy seeds, plants and livestock, creating profits for business in the future. There were 3,100 poor households and low-income households who received loans to build new housing, contributing to reducing Yen Bai's poverty rate by 4% - 5% annually, bringing 108 communes of Yen Bai to new rural standards.


Officer of VBSP Luc Yen district inspects the loan using of Dao people in Tan Phuong commune

Mr. Nguyen Van Chien - Chairman of Vinh Kien Commune People's Committee (Yen Binh district) said: Nearly VND 40 billion entrusted through mass organizations was disbursed to 785 customers. They used loans for the right purpose and paid off the loans on time. Therefore, in 2023, there were 81 households getting out of poverty in the entire commune.

Mr. Hoang Van Quoc's family (Tay ethnic group, in Dong Ke village, Tan Nguyen commune) used to be one of the poor households. In 2022, he received a preferential loan of VND 100 million from VBSP to develop broiler farming. Thanks to good epidemic prevention work, barn hygiene and good control of input breeds, his chicken flock grew well and had more than 2,000 units in the barn. In the first 5 months of 2024, more than two tons of broiler chickens have been sold to the market, earning more than VND 200 million. Thanks to his success in poultry farming, Mr. Quoc's family has had enough money to send his children to school and buy essential household items.

In 2022, Ms. Hoang Thi Ngoc (Tay ethnic group, in Dong Ke village, Tan Nguyen commune) also was a poor household. Luckily, she was disbursed a loan of VND 100 million by VBSP Yen Binh district to build 10 breeding cows. Ms. Ngoc said: My family planted nearly one hectare of grass and two hectares of cassava in order to feed cows; vaccinated against foot-and-mouth disease and followed technical instructions correctly. Thanks to that, my cows grew well. Earlier this year, 4 cows were sold, earning more than VND 40 million, ensuring principal repayment and reinvestment in livestock farming.


Households (in Dong Dam village, Vinh Kien commune, Yen Binh district) borrowed preferential loans to develop poultry herds

Mr. Hoang Van Tung - Chairman of Tan Nguyen Commune Farmers' Association assessed: As a mountainous commune with mainly hills and forests where many poor ethnic minorities live together, up to now, more than 900 households could access to preferential loans from VBSP with the outstanding loans of more than VND 62 billion. Households have invested mainly in developing livestock and poultry farming, developing afforestation, growing cinnamon and processing agricultural and forestry products; helping to create jobs for hundreds of workers; contributing to good implementation of social security, hunger eradication and poverty reduction. The average rate of the poor households in the commune decreased by 5% each year.

Mr. Trinh Trong Hoai - Director of VBSP Yen Binh District said: In the first 5 months of 2024, the unit has disbursed loans to thousands of households to develop production and business with loan turnover of nearly VND 100 billion. Total outstanding loans have reached VND 737 billion with more than 13,000 loan customers, growing 14% over the same period last year. In particular, the unit has focused on lending to the poor, near-poor and post-poor households, lending to create jobs, lending to production and business in disadvantaged areas. Through loan credit source, many households have developed production and business effectively, created stable jobs and improved living standards. Many households have got out of poverty and become well-off. The annual poverty rate is decreased by 4% - 6% each year, helping Yen Binh district complete the goal of meeting new rural standards by 2023.

Thanh Son



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