Mobile banking helps the poor access financial services

Financial education has helped poor households and policy beneficiaries access and use financial products and services, thus promoting comprehensive finance, attendees heard at a conference held in Hà Nội on Tuesday.

Millions of households escape from poverty thanks to social policy loans Almost VNĐ337 trillion (US$14.6 billion) has been loaned to more than 12 million households nationwide under the social policy credit programme over the past five years, helping improve local lives and reduce poverty, according to the Việt Nam Bank for Social Policies (VBSP).

4,000 houses built with social policy credit Social policy credit helped to build more than 4,000 houses and over 1.2 million water supply and sanitation facilities in rural areas in 2019, according to the Vietnam Bank for Social Policies (VBSP).

Soft loan policy plays role in poverty reduction

Nearly eight million poor households and families subject to special social policies have received soft loans worth nearly VNĐ222 trillion (US$9.56 billion) over the past three years, contributing to improve the living conditions of the poor, particularly in ethnic minority-inhabited and rural areas.

PM praises social credit policies

Prime Minister Nguyễn Xuân Phúc has hailed the Party and State’s use of credit to implement social policies, saying the policy contributes to development and poverty reduction.

Việt Nam Bank for Social Policies hailed for poverty fight in HCM City

Some 730,310 poor households and other welfare beneficiaries in HCM City have got soft loans from the Việt Nam Bank for Social Policies since 2003.

 

Rural areas lack funding Rural areas and the agriculture sector have provided the main impetus for the nation's rapid growth in the post doi moi (renewal) period, but the sector has not received sufficient investment or help from the Government, experts say.