News & Events
Over 1.1 million poor households access preferential loans in 6 months
(VBSP News) More than 1.15 million poor households and policy beneficiaries gained access to preferential loans in the first half of 2019, according to the Vietnam Bank for Social Policies (VBSP).
The loans also helped nearly 113,000 workers secure jobs and over 8,000 students pursue study, while assisting with the building of more than 760,000 rural clean water and sanitation facilities and 10,000 houses for policy beneficiaries.
As of June 30, the VPSP’s total loan outstanding balance exceeded 198.5 trillion VND (8.5 billion USD).
Meanwhile, during the period, overdue debts hit 807 billion VND, making up 0.41 percent of the outstanding balance.
VBSP General Director Duong Quyet Thang urged VBSP units to focus on improving credit quality.
He also requested more assistance from local authorities toward the operations of VBSP units in a bid to increase resources helping people overcome poverty.-VNA
- Overcoming difficulties thanks to preferential credit
- Rising out of poverty thanks to policy credit
- Lang Son strives to reduce poverty
- Motivation from preferential policy credit
- The efficiency of entrusted policy credit activities
- Get out of poverty thanks to preferential policy credit
- Policy credit improves people's quality of life
- Economic development in ethnic minorities
- Life stability with preferential credit
- Accompanying farmers for poverty reduction
- Functions and duties of mass organizations and Savings and credit groups
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- Overcoming difficulties thanks to preferential credit
- Rising out of poverty thanks to policy credit
- Lang Son strives to reduce poverty
- Motivation from preferential policy credit
- The efficiency of entrusted policy credit activities
- Get out of poverty thanks to preferential policy credit
- Policy credit improves people's quality of life
- Economic development in ethnic minorities
- Life stability with preferential credit
- Accompanying farmers for poverty reduction
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