News & Events
Hanoi supports disadvantaged groups to overcome impacts of COVID-19
(VBSP News) The Standing Board of the Hanoi People’s Council has agreed in principle with the proposal of the municipal People’s Committee to add VND650 billion (US$27.9 million) to the city budget capital entrusted through the Vietnam Bank for Social Policies (VBSP) – Hanoi branch to help disadvantaged groups overcome the impact of COVID-19.
Accordingly, the supplemented amount will be used to make loans to the poor and other policy beneficiaries across the capital city, enabling them to revive production and address the losses caused by the epidemic, contributing to realising the goal of sustainable poverty reduction, job creation and ensuring social security. In addition, Hanoi calls for donations and the joint efforts of the whole society to support the poor and underemployed to overcome such a difficult period.
The municipal People’s Committee insisted that after the capital allocation, the VBSP branch proactively coordinate with localities and entrusted organisations to make timely disbursement to beneficiaries to help them overcome the impact of COVID-19, thus ensuring practicality, efficiency and order of priority.
Loans should be prioritised for industries affected by the epidemic, such as those serving agricultural production and supplying food, foodstuff and medical services for the people, as well as those serving the people’s essential needs.
The Hanoi Party Committee also requested that after the allocation of the entrusted capital, it is necessary to evaluate its efficiency and draw lessons thereof to pave the way for the next allocation of capital from the city budget, in the spirit of the Party Central Committee’s Secretariat’s Directive No. 40-CT/TW dated November 22, 2014 on strengthening the Party’s leadership on social policy credit.
en.nhandan.com.vn
- Ethnic minorities in Cao Bang
- Coastal communes - Rising out of poverty
- Support disadvantaged students
- Bringing policy capital to disadvantaged areas
- Prime Minister hails social policy credit’s role in poverty reduction
- Da Nang: Strongly promoting policy credit resources
- Supporting sustainable poverty reduction in Dakrong district
- Socio-economic development in Quang Ngai
- New life in the highlands of Mu Cang Chai
- Binh Son effectively implements policy credit sources
- VBSP branches’ donation to help combat Covid-19 pandemic
- Supporting the poor in production development in response to Covid-19 pandemic
- VBSP branches join fight against Covid-19 pandemic
- VBSP client success stories
- VBSP's support for customers affected by drought and saltwater intrusion in the Mekong Delta
- Growing cinnamon and raising buffaloes, Yen Bai farmers escape from poverty
- Hanoi entrusts VND 650 billion through VBSP to help the poor overcome difficulties amid COVID-19
- The poor receives VBSP’s support after damage caused by COVID-19
- Proposal of reducing by 15% of lending interest rate for poor households
- VBSP Da Nang in the fight against Covid-19 pandemic
- Ethnic minorities in Cao Bang
- Coastal communes - Rising out of poverty
- Support disadvantaged students
- Bringing policy capital to disadvantaged areas
- Prime Minister hails social policy credit’s role in poverty reduction
- Da Nang: Strongly promoting policy credit resources
- Supporting sustainable poverty reduction in Dakrong district
- Socio-economic development in Quang Ngai
- New life in the highlands of Mu Cang Chai
- Binh Son effectively implements policy credit sources
LENDING INTEREST RATE
|
DEPOSIT INTEREST RATE
|