News & Events
Rebuild lives thanks to preferential policy credit
Decision No. 22/2023/QD-TTg of the Prime Minister on credit for people who have completed their prison sentences (Decision No. 22) has made a huge contribution to helping those who have executed the sentences to rebuild their lives in Ba Ria - Vung Tau province.

From policy loans, Mr. Nguyen Van Hung (in Chau Duc district) invested in goat farming
Open the way for people who completed their sentences
In the newly built house in Xuyen Moc district, Ms. Nguyen Thi Ha is very happy. The whole family tried their best to build this new house, in which, the greatest contribution from Quoc Hieu - the son who used to violate the laws. Ms. Ha said, 10 years ago, when going to Thua Thien - Hue province to attend a relative's wedding, Hieu accidentally broke the law and was sentenced to 10 years in prison at the age of 18. Thanks to good rehabilitation, Hieu received leniency from the State and reduced his sentence to 7 years.
Two years ago, Hieu returned home after completing his prison sentences. When looking at his mother and two younger sisters living in disadvantaged circumstance, Hieu determined to rebuild his life. Overcoming his guilt, Hieu tried his best to earn money. He applied for part-time jobs at construction and interior.
When hearing that VBSP had policy for loans to people who had completed their prison sentences, Ms. Ha took charge of loan procedures for Hieu to do business and develop the economy. With VND 100 million disbursed by VBSP Xuyen Moc district, Hieu bought fertilizer and seedlings to grow pepper on his family's field. In addition, Hieu also did many other jobs to earn more money.
“I lost a lot of things in over 7 years of serving a sentence. Now I have to work so hard to earn much money for a better life," Hieu shared.
The same case, 2 years ago, Mr. Nguyen Van Hung (in Chau Duc district) returned home from prison at the age of 33. In the early days of reintegrating into the community, he felt guilty and his life was so difficult. Thanks to his parents' love, Hung strived to rebuild his life.
Hung's parents gathered their savings and built a temporary house for him to start a new life. His 71-year-old father went to agencies at all levels to ask about programs and procedures to borrow money. Recently, Mr. Hung was given a loan of VND 50 million by the local government in coordination with VBSP.
With this loan, Mr. Hung raised cows, goats, pigs, chickens. Previously abandoned fields were also repaired and embanked for rice cultivation. “When prices fluctuate, livestock and crops with high prices will compensate, so our income still is remained stable", Mr. Hung shared.
Humanistic policy
Vo Van Hoang, Deputy Director of VBSP Ba Ria - Vung Tau branch said: Decision No. 22 concretizes the Party and State's humane policies towards people who have completed their sentences, creating jobs, stabilizing their life, reintegrate into the community, and contributing to preventing law violations, ensuring security and developing socio-economy.
To implement Decision No. 22, the provincial VBSP branch has disbursed loans of more than VND 1.1 billion to 15 customers. In the coming time, the Branch will continue to coordinate with the Provincial Police, Department of Finance and localities to compile and review the list of subjects in need of loans so that people who have completed their sentences can have stable jobs, helping them develop their economy.
Bach Long
- VBSP helps former offenders reintegrate into the community
- With preferential loans, Da Nang workers have a wide path to work abroad
- Over 1.6 trillion VND was lent under policy credit schemes
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- Enhancing the role of local mass organizations in policy credit
- 2,730 customers access inclusive finance in Luc Yen district
- Strengthening Post-Disbursement Monitoring of Loan Utilization
- Concessional Loans Empower Veterans to Pursue Economic Opportunities
- Highland district - Meo Vac improves the quality of Savings and Credit Group activities
- Policy credit accompanies the people
- Poverty reduction in Ha Tinh province
- Supporting ethnic minorities in Quang Ngai to get out of poverty
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- Vietnam Bank for Social Policies (VBSP) deploys its tasks in 2024
- General Director of VBSP worked with the Ministry of Agriculture and Livestock Development of Nepal
- Highland people get out of poverty thanks to policy credit
- Using effectively policy credit in Dak lak province
- The poor in Nghia Thang commune enriched themselves by policy preferential credit
- A BANK ON THE ROAD” – SERVING THE POOR AND OTHER VULNERABLE GROUPS THROUGH SCHEDULED COMMUNE TRANSACTIONS
- 2,730 customers access inclusive finance in Luc Yen district
- Concessional Loans Empower Veterans to Pursue Economic Opportunities
- Giving opportunities and instilling confidence in reformed offenders in Dak Lak
- Policy credit "awakens" the value of traditional craft villages in Nghe An province
- Digitalization of policy credit for the poor and other vulnerable segments to contribute to the national comprehensive finance strategy
- Saving Money to Help the Poor
- 47,454 poor households and other policy beneficiaries acess inclusive finance in Nghe an province during first six months
- more than 6.7 million customers reach preferential loans from VBSP
- Phu Tuc Commune Branch of VBSP disbursed over 142.39 billion VND for vulnerable clients in first six months
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