Establishment of Lao Cai Province Farmers Support Fund with charter capital of 66.2 billion VND

At the 3rd session, the 16th Lao Cai Provincial People's Council has just passed Resolution No. 18/NQ-HDND, dated July 31, 2025, on the establishment of the Lao Cai Provincial Farmers Support Fund, on the basis of merging the Yen Bai Provincial Farmers Support Fund and the Lao Cai Provincial Farmers Support Fund (before merging).

Lao Cai Farmers Support Fund has a charter capital of 66.2 billion VND, of which: 52.7 billion VND is provided by the State budget, 13.2 billion VND is mobilized capital, and 356.4 million VND is supplemented from operations. It is expected that by 2030, the fund's charter capital will reach 126.5 billion VND, of which 60 billion VND is provided by the supplemented budget and more than 286 million VND is provided from operations.

Thanks to capital from the Farmer Support Fund, many farming households in the province have built effective economic development models. (In photo: Goat farming model of farmers in Tan Hop commune).

Lao Cai Farmers Support Fund is a non-state budget financial fund, under the Provincial Farmers' Association, operating not for profit. The Fund has legal status, its own seal and is allowed to open accounts at the State Treasury, the Social Policy Bank and legal commercial banks in the area.

Farmers in Mu Cang Chai commune develop large-scale livestock farming to bring economic efficiency, contributing to improving the quality of life.

The Fund's organizational structure includes: Board of Management, Board of Supervisors and Executive Board (including Director, Deputy Director, Chief Accountant and supporting staff). The Fund operates in accordance with the provisions of Decree No. 37/2023/ND-CP of the Government .

The chili growing model of farmers in Son Luong commune attracts many farmer association member families to participate.

The merger and establishment of the Lao Cai Provincial Farmers Support Fund is a concrete step, contributing to improving the effectiveness of production support, economic development, helping local farmers stabilize their lives and gradually become rich.

in the province

Source: https://baolaocai.vn/thanh-lap-quy-ho-tro-nong-dan-tinh-lao-cai-voi-von-dieu-le-662-ty-dong-post878876.html