Support women in production and business development

This support creates resources to realize production and business ideas, thereby promoting the role of women and promoting gender equality.

Members of the Dong Da District Women's Union attend training and consulting programs on family financial management. *Photo: Thu Minh*

Investment incentives

After retiring, Ms. Le Thi Thuan (born in 1959, residing in Van Mieu - Quoc Tu Giam ward, Dong Da district) opened a small shop at home, serving breakfast (steamed buns, banh gio, duck eggs) to people in the alley. In 2023, with the idea of expanding her business to include soft drinks, the ward Women's Union connected her with one of the sources of interest-free loans to support women in the capital to start a business.

Sharing with reporters of Hanoi Moi Newspaper, Ms. Le Thi Thuan said: With a loan of 20 million VND without interest, she was given more motivation to boldly expand her business. The important thing is that from that loan with a strong sense of support, the whole family worked together, her husband contributed, her children supported with additional funds, thanks to that, she was able to repay the debt on time, have a stable source of income and accumulate business experience. Currently, her small business continues to develop, in conjunction with her nephew selling duck vermicelli, with many customers and a stable income.

Ms. Do Thi Lien (in Dong Vu village, Truong Thinh commune, Ung Hoa district) has a job of raising snails, selling them to restaurants in the area. Introduced by the Women's Union of Ung Hoa district to borrow 10 million VND without interest from the program to support women in the capital to start a business, she and her husband bought more snail seeds to increase farming output, bringing in an income of about 150 million VND/year.

These are just two of hundreds of women who have benefited from the interest-free loan capital source that the Capital Women Newspaper has coordinated with Home Credit Vietnam Finance Company Limited to implement over the years, contributing to the implementation of the Project "Supporting Capital Women to Start a Business in the 2018-2025 period".

Thanks to this meaningful program, women's union members in many districts in the city (Ba Vi, Gia Lam, Dong Da, Long Bien, Dong Anh, Bac Tu Liem, Thanh Xuan...) have overcome difficulties, boldly realized their business ideas, and created a stable source of income. Many women have become rich right in their homeland, raised their children well, and built happy families.

Accompanying women to develop family economy

In recent times, the Hanoi Women's Union has strengthened its coordination with banks and credit institutions to support resources to implement many activities to support women in economic development, poverty reduction, and improving living standards. By the end of 2024, women's unions at all levels have proactively exploited and managed unsecured capital from banks and credit institutions of VND 9,806 billion, lending nearly 160,000 women members with preferential interest rates to develop the economy.

Talking to reporters of Hanoi Moi Newspaper about accompanying and supporting women to access capital with preferential interest rates, Vice President of the Women's Union of Phuong Mai Ward (Dong Da District) Tran Thi Kim Anh shared: "Recently, in the ward, hundreds of women have been able to borrow capital with preferential interest rates from the Social Policy Bank. From that practical support, many women have had more effective business conditions, improving their family's living standards."

Ms. Vu Thi Thanh Van (in Phuong Mai ward, Dong Da district), Head of the Loan Group of the Women's Union of Phuong Mai ward, said: "The Loan Group is always ready to guide, disseminate policies, appraise documents, and support women in receiving loans. At the same time, we regularly review and ensure that borrowers use the money for the right purpose, repay the debt on time, and avoid bad debt."

Accompanying women in the capital in many training programs on loan use, Dr. Tran Thi Thu Huong, Lecturer of the Banking Faculty - Banking Academy said: In order for the activities of supporting interest-free loans, or loans with preferential interest rates for women to be truly effective, consulting, equipping financial knowledge and smart financial management are always focused on. Thereby, women learn how to develop ideas and make business plans, and know how to identify risks related to personal finance in the context of digital transformation.

Through preferential loan programs and training activities to equip women with related financial knowledge implemented by the Hanoi Women's Union and its affiliated units, women in the capital have been raised awareness, grasped the policies and laws of the Party, State and the city on encouraging start-ups and economic development from the realization of production and business ideas. These activities also practically contribute to promoting gender equality as well as promoting the role of women in society.

Source: https://hanoimoi.vn/ho-tro-phu-nu-phat-trien-san-xuat-kinh-doanh-699749.html