News & Events
Poverty reduction policy credit benefits the poor in Central Highlands
Preferential loans from the Vietnam Bank for Social Policies (VBSP) have helped lift 121,000 households in the Central Highlands region out of poverty since 2013, helping reduce the poverty rate from 18.9 percent in 2011 to 11.22 percent in 2014.
According to the Steering Committee for the Central Highlands, during the period, 1.185 million households that lived under or near the poverty line and families of policy beneficiaries have gained access to these loans.
The credit has also helped create jobs for more than 34,000 laborers and supported learning tuitions for nearly 55,000 students. Approximately 312,000 clean water supply facilities and toilets, and more than 6,000 houses were built.
As of the end of November, the VBSP has a total credit balance of 16.3 trillion VND (717.2 million USD). The region’s average credit growth remained at 8.96 percent annually, above the national rate of 7.76 percent.
VBSP Director General Duong Quyet Thang said that in the following years, banks for social policies in the region will maintain sustainable operations to better support the targeted households, ensuring that all needy households can gain access to policy credit.
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- Community Reintegration thanks to Preferential Credit
- Policy Credit Supports the Poor
- Policy Credit Contributes to the Development of a New An Giang
- Preferential credit enables people to prosper
- 25 YEARS OF ESTABLISHMENT & DEVELOPMENT
- Dong Nai implements student loan programs for those pursuing studies in STEM fields
- Governor of the State Bank of Vietnam Nguyễn Thị Hồng was rated A+ by Global Finance
- Can Tho has started disbursing preferential loans to students in STEM fields
- Preferential STEM Credit - A Starting Point for Knowledge and Creativity
- VBSP offers preferential loans to students, master’s students, and doctoral candidates in science, technology, engineering, and mathematics (STEM) fields
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