The Bank for Social Policies has disbursed 8,896 billion VND (370.6 million USD at current rate) of concessional loans under the Socio-Economic Development and Recovery Programme under Resolution No.11, with more than 213,000 borrowers.
More than 2 million poor households won access to loans worth over 80 trillion VND (3.52 billion USD) from the Vietnam Bank for Social Policies (VBSP) last year.
Update: March, 15/2021 - 09:46 | People get loans from Việt Nam Bank for Social Policies – Bến Tre Branch. VNA/VNS Photo BẾN TRE Looking at everyone in the workshop, Phạm Thị Ngọc Loan feels grateful for the social bank loans that have helped her have a better life and be able to help others. Ten years ago, she left her hometown in Vang Quới Tây Commune, Bình Đại District, Bến Tre Province, to HCM City to find a better job. She worked in a restaurant and then for a garment company. However, the garment worker s salary was only enough for daily life and she wanted to find another job.
Wednesday, 12:45, 13/01/2021
The Vietnam Bank for Social Policies (VBSP) said it is providing loans for 6.4 million poor and near-poor households.
As of the end of 2020, the bank’s total credit balance stood at VND226.19 trillion (US$9.86 billion), a year-on-year rise of 9.4%.
Its loans have generated jobs for more than 361,000 labourers at home, and supported over 5,200 guest workers, along with nearly 44,600 disadvantaged students.
Around 200 businesses have accessed the loans to ensure wages for more than 8,500 employees affected by the COVID-19 pandemic.
The capital has also contributed to the building of 1.3 million water supply and hygiene facilities in rural areas, and thousands of houses for the poor, the bank said.