The effectiveness of preferential credit in suburban areas.
Preferential loans from the Vietnam Bank for Social Policies (VBSP) not only help households in remote areas rise out of poverty, but also help many families in suburban areas develop their businesses and improve their living standards.
Agribank Vinh Phuc branch: Affirming its leading role in the development of agriculture, rural areas, and farmers.
The global economy continued to face many challenges in 2023 due to the negative impacts of prolonged political conflicts, global inflation which, although cooling down, remained high, and central banks in many countries continued to pursue tight monetary policies, significantly impacting economic growth, investment, and consumption. In Vietnam, the economy also suffered negative impacts from the international situation, as growth drivers such as exports, investment, and consumption faced challenges due to low global demand, declining orders, and shrinking markets.
Ninh Thuan Social Policy Bank: "Understanding the people's hearts, serving wholeheartedly"
With the motto "Understanding the people's needs, serving wholeheartedly," in recent years, the Social Policy Bank (SPB) Ninh Thuan branch has continuously strived to bring preferential capital to poor households and other policy beneficiaries in the locality. Thanks to this, it has contributed effectively to the national target program for sustainable poverty reduction, ensuring social security, creating jobs, and building new rural areas in a region still facing many difficulties like Ninh Thuan.
The tireless birds
In the late days of winter, millions of sunflowers and coffee blossoms bloom, painting the mountains and hills, and even the roads leading to the fields, with vibrant colors. The land and sky of the Central Highlands seem to blend with the hearts of the people in the joy of welcoming spring. As spring approaches, the pace of life in Buon Ma Thuot city seems to become more hurried and bustling. People are looking forward to the new spring with so much hope after a year of struggling with many difficulties. And that hope and expectation are being given wings by the banking system.
Policy credit in the "front lines"
From Sa Ky port to Ly Son Island is about 15 nautical miles. If the weather is favorable and the sea is calm, it only takes a little over an hour. However, on the day we went to the island, in the last days of the Year of the Rabbit, the sea was rough. The waves, churning up white foam, pushed the boat carrying us to the island, tilting left and right, with seawater flooding the deck…
Policy credit in the "front lines"
With access to preferential capital for investing in farming, livestock breeding, and purchasing fishing gear for seafood harvesting, the lives of many households on Ly Son Island have now changed for the better.
The funds entrusted to the Vietnam Bank for Social Policies have exceeded the annual plan.
Some provincial and city branches of the Vietnam Social Policy Bank received high levels of entrusted capital, such as: Hanoi (7,926 billion VND), Ho Chi Minh City (7,250 billion VND), Da Nang (2,150 billion VND), Ba Ria - Vung Tau (1,789 billion VND), Binh Duong (1,942 billion VND)...
When every party member is a helper in poverty reduction.
Over the past nine years of implementing Directive No. 40-CT/TW dated November 22, 2014, of the Central Party Secretariat on strengthening the Party's leadership over social policy credit, the spirit of the Directive has permeated from Party and local government leaders to individual Party members in villages and hamlets, creating new vitality for poverty reduction and sustainable economic development.
Ho Chi Minh City: Policy credit outstanding balance reaches highest level in the past 5 years.
In 2023, Ho Chi Minh City's policy credit capital and outstanding loans increased significantly, making a crucial contribution to the implementation of the national target program on poverty reduction in the country's most populous city.
Abundant capital for seafood exports.
Anticipating a recovery in purchasing power in major markets by mid-year, seafood processing and export businesses have sought short-term loans to prepare orders immediately after the Lunar New Year. For their part, banks in many localities have committed to providing sufficient credit.
Agribank Tien Lang - a solid support for customers.
The dedication and commitment of bank staff to farmers have made Agribank Tien Lang a trusted choice for local people when they need capital for production and business investment.
Opportunities to expand credit for agricultural supply chains.
With budgetary support and the innovation and professionalization of agricultural value chain models, credit financing for agricultural raw material areas is now quite favorable and less risky.
Ho Chi Minh City: Local budget will allocate an additional 998 billion VND for loans to support poverty reduction.
In 2024, Ho Chi Minh City's budget is expected to allocate an additional 998 billion VND for loans to create jobs and support poverty reduction.
Agricultural exports are expected to attract loan capital.
Observations in several provinces and cities in the southern region indicate that commercial banks are currently expecting high growth in outstanding credit for production, business, and export of key agricultural and aquatic products in the first few months of the year.
HDBank joins hands with Bac Kan to develop its agricultural and forestry economy.
2024 is a crucial year for Bac Kan to accelerate the implementation of the targets of the 2021-2025 five-year socio-economic development plan. In line with new trends, Bac Kan has many favorable conditions for breakthroughs in the coming period. This includes the contribution of HDBank, starting with the opening of a branch in this historically heroic locality.
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