Capital to create jobs and create conditions for people to expand production

In 2024, Ms. Phan Thi Hanh, residing in Lai Bang 2 residential group, Huong Van ward, Huong Tra town, boldly borrowed 90 million VND from the job creation program of the Vietnam Bank for Social Policies to invest in renovating the fruit tree growing model. With an area of ​​1 hectare of pomelo and orange trees, the loan capital has helped Ms. Hanh to renovate the land and invest in an irrigation system. Currently, the garden has been harvested with an average income of 80 to 90 million VND/year.

Ms. Phan Thi Hanh said that in the past, her family only planted a few fruit trees, which did not bring high efficiency. Thanks to the technical advice from the associations at all levels, especially the support of the Women's Union of the ward as well as the savings and loan group, in addition to expanding the garden area, her family also continued to borrow capital to improve the land and install an automatic irrigation system. Up to now, the pomelo and orange gardens have both yielded harvests. More importantly, after the improvement, the land is more fertile, she can intercrop some vegetables and tubers to supply to people in the area. Thanks to that, her family has regular jobs, and the family economy is more stable than before.

In addition to Ms. Hanh, Mr. Le Huu Tan's family, Giap Nhat residential group, Huong Van ward is also one of the households that has effectively used loan capital to develop the family economy.

With a loan of 90 million VND from the Huong Tra Social Policy Bank and his skillful hands and many years of experience in carpentry, Mr. Tan invested in purchasing machinery, raw materials and supplies to expand production and business. The products made better meet the needs of the market, especially in terms of sophistication and aesthetics, so they are favored by customers.

According to the Social Policy Bank of Huong Tra town, many households in the town have access to loans from the employment program, thereby contributing to creating jobs for many local workers. With a maximum loan of 2 billion VND for production and business establishments; not exceeding 100 million VND for 1 worker, the capital has basically met the capital needs of households and businesses.

Data from the Huong Tra Town Social Policy Bank shows that, as of April 30, 2025, the total outstanding debt of the whole town reached 464 billion VND, of which the outstanding debt of the job creation loan program reached 126.6 billion VND, with 2,381 workers receiving loans, creating jobs for more than 3,000 workers in the town. In the first months of 2025 alone, the town Social Policy Bank has lent 325 customers, with an amount of 22.3 billion VND from the job creation fund. Of which, the Town People's Committee entrusted 1.32 billion VND from local capital sources to lend for job creation.

Mr. Le Xuan Trung, Director of the Transaction Office of the Social Policy Bank of Huong Tra town, affirmed that the job creation loan program is one of the effective policy credit programs, contributing significantly to creating sustainable livelihoods for people. In order for people to have better access to this source of capital, we will strengthen coordination with authorities at all levels and socio -political organizations entrusted to review and promptly grasp people's borrowing needs; promote propaganda work so that people clearly understand the conditions and procedures for borrowing capital as well as the responsibility to use capital for the right purpose. Along with that, we also focus on coordinating with departments and organizations to provide technical guidance and support production models to improve the efficiency of capital use.

Article and photos: Hoang Anh

Source: https://huengaynay.vn/kinh-te/hieu-qua-tu-nguon-von-giai-quyet-viec-lam-154084.html