Can Tho: credit programmes help nearly 180,000 poor households
Credits provided by the Vietnam Bank for Social Policies have helped 179,100 households in the Mekong Delta city of Can Tho escape from poor and near-poor status over the past 15 years.
Units and individuals were honoured for their outstanding contributions to the successful implementation of the credit programmes from 2002 – 2017 (Source: VNA)
Can Tho (VNA) – Credits provided bythe Vietnam Bank for Social Policies have helped 179,100 households in theMekong Delta city of Can Tho escape from poor and near-poor status over thepast 15 years, heard a conference in the city on August 1.
According to the Can Tho branch of the VietnamBank for Social Policies, it has launched additional 11 new credit programmes,raising the total ongoing credit programmes in the city to 14, with loans totalling5,067 billion VND (222.95 million USD), benefiting 498,684 people.
The programmes have also helped create jobs for270,800 labourers, provide financial assistance for nearly 45,000 students withdifficult backgrounds, and build clean water stations and toilets for over69,200 households.
These programmes have also assisted the buildingof 2,200 flood shelters for local residents, over 2,900 houses for the poorhouseholds, and provided preferential loans for 14,070 households.
Speaking at the event, Deputy Director Generalof the bank Vo Minh Hiep urged local authorities and the provincial VietnamBank for Social Policies branch to strengthen communication work to raise theawareness among locals on the preferential credit programmes while allocatingresources for assisting locals and building new style rural areas.
During the occasion, numerous units andindividuals were honoured for their outstanding contribution to successfulimplementation of the credit programmes from 2002 – 2017.-VNA
Soft loans for poor households from the Vietnam Bank for Social Policies have helped lower the poverty rate in the Central Highlands to 7.34 percent, according to the Steering Committee for the region
The Vietnam Bank for Social Policies (VBSP) aims to offer 41 trillion VND (1.8 billion USD) of loans to the southwest region in 2030, up 13 trillion VND, or 46 percent, compared to 2016.
More than 1,473,000 ethnic minority households across the country have been benefiting from preferential credit programmes with total loans worth up to 40 trillion VND (over 1.76 billion USD).
The programmes have brought about positive changes to rural infrastructure, comprehensively improved the material and spiritual lives of farmers, and contributed to Vietnam's economic restructuring, said PM Pham Minh Chinh.
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Vietnamese Consul General in Fukuoka Vu Chi Mai highlighted the growing demand for Vietnamese workers in Kyushu, especially in Fukuoka, Oita, and Saga prefectures. Currently, the region employs about 35,000 Vietnamese manual workers and over 5,000 IT engineers.
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The VNA delegation, led by General Director Vu Viet Trang, actively participated in the event, engaging in both professional and diplomatic activities.
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The total investment exceeded 319 billion VND (12.2 million USD), including over 261 billion VND from the state budget and 57.5 billion VND mobilised from businesses, organisations, and individuals.