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Updated: 2024-01-23 15:19:06

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



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