Helping veterans rise to wealth.

Thanks to access to preferential capital from the Social Policy Bank, many veteran members in Van Ho commune have had more opportunities to develop effective economic models, expand production, rise out of poverty and legitimately become wealthy, becoming exemplary role models in production and business.

The Sao Do 1 sub-district branch of the Vietnam Veterans Association in Van Ho commune is developing a comprehensive economic model.

Prior to 2020, the family economy of Mr. Mui Van Hoat, a member of the Veterans Association branch in Hang Trung I village, Van Ho commune, mainly relied on growing corn and vegetables, resulting in unstable income. In 2021, the commune's Veterans Association facilitated a 30 million VND loan from the Social Policy Bank for him to invest in economic development and participate in technical training courses on farming and livestock raising, helping his family build an effective economic model that generates high income. Mr. Hoat shared: "Currently, my family cultivates 4 hectares of mandarin oranges, strawberries, tomatoes, peaches, and plums. After deducting expenses, we earn a profit of over 400 million VND annually, providing regular employment for 7 local workers. Based on the success of this model, I actively encourage and guide other members and villagers to follow suit to improve their lives and alleviate poverty."

Veteran Doan Dinh Dieu, residing in Sao Do 1 sub-district, has also achieved success with his integrated economic model thanks to preferential loans from the Social Policy Bank. Upholding the qualities of a soldier of Uncle Ho with a spirit of daring to think and act, in 2015, Mr. Dieu borrowed 50 million VND to invest in planting 2 hectares of green pomelo and longan trees, combined with raising pigs and free-range poultry… On average, this generates nearly 200 million VND in income annually. Mr. Doan Dinh Dieu said: "Once my family's economy stabilized, the branch entrusted me with the role of head of the Savings and Loan Group. I have actively helped members access capital, promoted the proper use of funds, and regularly monitored and urged borrowers to repay interest and principal on time. In 2025 alone, the group facilitated loans for 52 members to develop production, with a total outstanding loan balance of 4 billion VND managed by the group."

The Veterans Association of Van Ho commune currently has 639 members operating in 35 branches. Recognizing that preferential loans are a crucial resource to help members develop production and business, escape poverty, and eventually become wealthy, the Association effectively manages the entrusted preferential loan program with the Social Policy Bank, promotes awareness among members about preferential loan programs, and guides members on using capital appropriately according to local conditions and the circumstances of each family.

Integrated economic model of members of the Veterans Association branch in Sao Do 1 sub-district, Van Ho commune.

Mr. Vang A Su, Chairman of the Veterans Association of Van Ho commune, said: The association is currently managing over 30 billion VND in outstanding policy credit loans, with 468 members receiving loans. To ensure the effective use of these funds, the association has actively coordinated with specialized agencies to organize training courses and transfer scientific and technical knowledge, helping members improve their skills and apply them to production and livestock development. Since the beginning of the year, the commune's Veterans Association has coordinated one training course on crop and livestock care techniques for more than 40 members.

Currently, the Veterans Association of Van Ho commune maintains 13 savings and loan groups. Every year, members of these groups participate in training on management skills, policy credit operations; credit programs; inspection, supervision, consultation, and support for households to use loan capital effectively and for the intended purpose.

Mr. Nguyen The Chung, Director of the Social Policy Bank's Van Ho branch, shared: "The unit continues to coordinate with the Veterans Association of Van Ho commune and other organizations entrusted with loan capital to review the loan needs of the people. Priority is given to poor households, policy beneficiary families, near-poor households, and newly-escaped-poverty households. We are accelerating the process of completing applications and disbursing funds, ensuring that people have timely access to capital to implement effective production and business plans."

Thanks to social policy credit funds, war veteran association members in Van Ho commune have more opportunities and motivation to compete in economic development, poverty alleviation, and legitimate wealth creation. Currently, over 70% of war veteran families in the commune are well-off or wealthy; 10% have average incomes; and many war veteran households earn between 150 and 600 million VND per year.

Source: https://baosonla.vn/kinh-te/giup-cuu-chien-binh-vuon-len-lam-giau-e0vk2J5vg.html