Nearly 1.5 million ethnic minority households get preferential loans
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Nearly 1.5 million ethnic minority households get preferential loans

Economy, Vietnam, Vietnam Finance News
At a VBSP transaction office in Ea Na commune, Krong Ana district, Central Highlands Dak Lak province (Source: VNA)

Hanoi (VNA) – 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), reported the Vietnam Bank for Social Policies (VBSP).

The VBSP said it has been providing loans
totalling 166 trillion VND (7.31 billion USD) under 18 preferential credit programmes
and other projects decided by the Government.

credits have benefited all ethnic minority households in extremely disadvantaged,
remote and isolate communes, hamlets and villages. Some households have
borrowed capital from several programmes.

The loans have brought in practical results, contributing remarkably to
economic development and improving living conditions of households and ethnic
minority families in particular.

has focused on enhancing the efficiency of policy credits, particularly in the
northwest, Central Highlands and southwest regions while working with local
socio-political organisations to carry out the job.

Minister, Chairman of the Government’s
Committee for Ethnic Minority Affairs Do Van Chien said the preferential
credit programmes implemented by the bank have helped households, particularly
ethnic minority families, stabilise their lives and reduce poverty sustainably.

However, Chien stressed the need to increase technology transfer and expand
stable markets for products, while concentrated production zones should be
developed in ethnic minority-inhabited areas.-VNA


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