Social policy credit helped to build more than 4,000 houses, along with over 1.2 million safe water supply and sanitation facilities in rural areas in 2019, according to the Vietnam Bank for Social Policies (VBSP).
Hanoi (VNA) – Social policy credit helped to build morethan 4,000 houses, along with over 1.2 million safe water supply and sanitationfacilities in rural areas in 2019, according to the Vietnam Bank for SocialPolicies (VBSP).
Thanks to the bank’s loans, more than 266,000 people have gotjobs, with nearly 7,000 sent abroad as guest workers, and 36,000 disadvantagedstudents have continued their study.
The VBSP said its total credit balance stood at over 206.8trillion VND (8.9 billion USDD) as of the end of December 2019, up 10.1 percentcompared to last year’s figure.
Of the amount, 73.8 percent was channeled into production andbusiness activities that created livelihoods and jobs.
The rate of overdue and charge-off debts madeup 0.7 percent of the total outstanding balance.
Meanwhile, the outstanding balance of credit programmes assigned by the Prime Minister reachednearly 180 trillion VND, up 9 percent year-on-year.
The accumulative capital for social welfarecredit reached more than 216.36 trillion VND in 2019, up 17.58 trillion VNDfrom the year earlier, with 15.4 trillion VND entrusted by local budgets.
VBSP General Director Duong Quyet Thang hasasked the bank’s departments to follow the Government’s guidelines onsocio-economic development and credit growth plans in 2020 assigned by the PM.
He required all units of the bank to takeinitiative in mobilizing financial resources for lending and timely disbursingcredit in order to meet financial demands of the targeted groups, thuscontributing to reducing black credit and improving the operational efficiencyof the bank./.
Social policy credit has lifted more than 2 million ethnic minority households out of poverty as of August 31, said Director General of the Vietnam Bank for Social Policies (VBSP) Duong Quyet Thang at a conference in Hanoi on September 25.
In addition to the increase in quantity, credit quality has also improved, with loans given to right people and overdue debt reaching only 0.4 percent, with almost no bad debt.
The capital amounts may be small to many urban families but thanks to them, those in rural and ethnic minority areas have escaped poverty and enriched themselves.
PM Pham Minh Chinh highlighted how Vietnam's revolutionary press has continuously evolved and strengthened over the past century, affirming its role as a sharp and vital political, cultural, and ideological weapon serving the Fatherland and the people in the glorious revolutionary cause of the Party.
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.
In Vietnam’s case, she said, President Ho Chi Minh demonstrated his strategic vision by founding the revolutionary press a century ago. The late leader understood the press's role not only as a means to reflect the country’s realities but also as a powerful tool to strengthen national unity and inspire the resistance wars and national construction process.
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VietnamPlus e-newspaper of the VNA clinched an A prize in the “Outstanding Press Product” category for its immersive 3D multimedia project, “Epic of Reunification,” a groundbreaking blend of storytelling and technology. The VNA won another A prize for its eye-catching exhibition booth.
Today, the press for foreign service has evolved into a distinct, irreplaceable force, bridging Vietnam with the world and portraying a nation that is stable, peace-loving, and fully integrated into the international community.
At a review conference held on June 21, Deputy Minister of Construction Nguyen Van Sinh praised the province’s scientific, coordinated, and flexible approach. He noted that the early completion reflects the strong commitment of local authorities, the business community, philanthropists, and residents in improving housing conditions for disadvantaged groups.
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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Granma and the VNA have great potential for cooperation, especially in sharing content regularly, so that VNA products are published on Granma platforms and vice versa, thereby helping Cuban and Vietnamese people access true information and gain a deep understanding of each other's country and people.
During his stay in China’s Guangzhou city from 1924 to 1927 to prepare for the establishment of a Communist Party to lead Vietnam’s revolution, President Ho Chi Minh founded “Thanh nien” newspaper and released its first issue on June 21, 1925.
Vietnam and Cambodia are hoped to strengthen their robust collaboration across various sectors, particularly in resolving remaining border issues to transform the border area into a zone of peace, friendship, cooperation, and development.
The strategic product, managed and operated by the Vietnam News Agency Digital Media Centre (VNA Media), is an official channel for popularising the Party and State’s information and documents as well as delivering mainstream and trustworthy news to both domestic and international audiences through various kinds of multimedia formats.
Since President Ho Chi Minh founded Thanh Nien (Young People) newspaper in 1925, the Vietnamese revolutionary press has become the voice of the people. During the resistance war against the colonialists, journalists took great personal risks to inspire patriotism and the will of rising up against foreign invaders.
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.
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Throughout its 80-year history, the VNA has remained at the forefront of information dissemination. It has consistently delivered timely, accurate, and objective reports on both domestic and international events, serving the Party’s leadership, the State’s management, and the public’s demand for official news.
With strong support from local authorities, businesses, organisations, and residents, the province has successfully built or repaired 10,707 homes for disadvantaged households, including war veterans, families of martyrs, ethnic minority people, and low-income residents.
Throughout its resistance against colonialists and imperialists, Vietnam developed a revolutionary press that has served as a benchmark for just and legitimate causes worldwide.
Illustrative image (Source: VNA) 
