The Vietnam Bank for Social Policies (VBSP) is expected to poor households in Tra Vinh with clean water and environmental hygiene, especially in rural areas (Illustrative image. Source: VNA)
Hanoi (VNA) – Social credit programmes havehelped ethnic minorities in the Mekong Delta province of Tra Vinh escapepoverty in recent years.
According to the Vietnam Bank for SocialPolicies (VBSP), as of June 30 this year, Thuan Hoa commune in Tra Vinh’s CauNgang district carried out 11 preferential credit programmes with loans worth 25billion VND (1.1 million USD).
A total of 825 ethnic minority households wereprovided loans of 12.5 billion VND (546,475 USD), accounting for 76 percent ofborrowers.
Tra Vinh is home to the Kinh, Khmer and Hoaethnic groups. It has a population of 1.1 million with 274,425 households,including 88,289 Khmer households (over 32 percent).
Total loans from credit programmes wereestimated at nearly 2.2 trillion VND as of June 30, a year-on-year rise of 5.52percent, fulfilling 94 percent of the annual target.
Some 126,865 poor and nearly-poor households andsocial policy beneficiaries were provided with average loans of 17 million VNDeach.
Chairman of the provincial People’s CommitteeDong Van Lam proposed the VBSP arrange more loans in the remaining months of theyear for households living under the poverty line and support them with cleanwater and environmental hygiene, especially in rural areas.
In response, a bank representative said the VBSPallocated an additional 40 billion VND (1.7 million USD) for Tra Vinh to provideloans for needy households.-VNA
The Mekong Delta province of Tra Vinh will promote food processing and supporting industry development this year, said Vice Chairman of the provincial People’s Committee Nguyen Trung Hoang.
The Mekong Delta province of Tra Vinh attracted 17 new investment projects with total registered capital of 344 billion VND (15.11 million USD) in the first two months of 2018, reported the provincial Planning and Investment Department.
The Mekong Delta province of Tra Vinh will spend 179 billion VND (7.16 million USD) to bolster efforts in new-style rural area building and sustainable poverty reduction this year.
The programmes have brought about positive changes to rural infrastructure, comprehensively improved the material and spiritual lives of farmers, and contributed to Vietnam's economic restructuring, said PM Pham Minh Chinh.
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The total investment exceeded 319 billion VND (12.2 million USD), including over 261 billion VND from the state budget and 57.5 billion VND mobilised from businesses, organisations, and individuals.
The Vietnam Bank for Social Policies (VBSP) is expected to poor households in Tra Vinh with clean water and environmental hygiene, especially in rural areas (Illustrative image. Source: VNA) 
