Nearly 1.3 million poor, near-poor households provided with social policy bank loans
Nearly 1.3 million poor and near-poor households had got access to loans from the Vietnam Bank for Social Policies (VBSP) to cope with COVID-19 in the first half of this year.
VBSP General Director Duong Quyet Thang said the bank’s total credit loans stood at VND247.34 trillion (US$10.3 billion), up VND13.91 trillion from the previous year.
The bank granted loans worth VND48.21 trillion (over US$2 billion) in the first two quarters to serve production and business, improve people’s living standards, and deal with the impacts of the pandemic, contributing to poverty reduction, new-style rural area building and social welfare.
The loans have also helped to create jobs for nearly 249,000 labourers, including 1,600 guest workers, and provided support for over 16,000 students in difficult circumstances.
Up to 879,000 water supply and sanitation facilities, and 3,600 houses for social policy beneficiaries were also built with the loans.
