Preferential credits give strength to poor households

The Government has channeled 114 trillion VND (5.4 billion USD) to help 21.4 million poor households fight poverty through networks of the Vietnam Bank for Social Policies (VBSP), according to official statistics.

Of the beneficiaries, over 2.9 million households escaped from poverty during the past ten years.

Thanks to the preferential credit policy, more than 98,000 labourers have been sent abroad while three million turns of poor students got access to subsidised loans to finance their studies.

In addition, over 4.2 million sanitary water and environmental hygiene works and 484,000 houses have been built up.

To improve the effectiveness of the policy, the Government has tasked the VBSP to ensure that all poor households who meet certain requirements can access to preferential credit sources.

Governor of State Bank of Vietnam Nguyen Van Binh said the central bank will create favourable conditions for the VBSP to acquire preferential capital or official development assistance to ensure its credit abundance.

The central bank will also ask State credit organisations to keep 2 percent deposits at the Bank for Social Policies, Binh said.


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