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Updated: 2021-08-25 09:35:06

Poverty mitigation efforts prove highly effective

(VBSP News) Many impoverished households in the Cuu Long (Mekong) Delta province of Tien Giang have benefited from soft loans through poverty alleviation programs and escaped from poverty.

A jackfruit orchard in Tien Giang Province’s Cai Be District. Many poor households in the province have been given soft loans to grow crops or do business to escape from poverty

VBSP branch in Tien Giang province has collaborated with the province Women’s Union, Farmers Association and other organizations to lend to disadvantaged people to grow crops, breed animals or aquatic species and carry on production under various programs in recent years.

The Farmers Association has set up 1,263 savings and credit groups to get soft loans for its members, especially needy ones, and 35,775 members have got loans worth a total of VND1.3 trillion (US$56.8 million) in this manner. In Chau Thanh District, the local Farmers Association has helped 7,110 members get loans, and has also taught them advanced farming techniques to improve farming efficiency.

Vo Van Khang, chairman of the Chau Thanh People’s Committee, said these and implementation of the district’s competition for excellent farmers have helped thousands of rural laborers find jobs and earn a regular income, thus escaping from poverty. The competition honors farmers who achieve outstanding results. The Women’s Union has helped more than 2,700 poor members get loans worth a total of VND80.2 billion ($3.5 million) from VBSP Tien Giang this year.

In 2016 - 2020, the branch provided loans worth a total of VNĐ2.4 trillion ($105 million) to 120,274 poor and near - poor households through the province’s 12 poverty mitigation programs. The province has provided free health insurance cards to poor and near poor people, those who live in disadvantaged communes, work in the agricultural sector, or are slightly better off than near-poor people.

In 2016 - 2020, it spent more than VND3.4 trillion ($148 million) on support policies for the poor, and managed to reduce its poverty rate in the period from 5.87 per cent to 3 per cent. It targets reducing it to 1.67 per cent this year. To achieve the target, it will assess impoverished households to ensure there are proper support policies, according to the People’s Committee.   

It would focus on programs for supporting needy people carry on production and other businesses, diversify their livelihoods and acquire housing. Disadvantaged people who lack resources to grow crops or raise animals would be offered loans, and those seeking jobs would get help with finding one locally and even overseas, it said.




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