Over 1.42 trillion VND in loans for production, business in disadvantaged areas

In line with the Government’s preferential credit policies, the provincial branch of the Vietnam Bank for Social Policies (VBSP Son La) has implemented a loan programme to support households engaged in production and business activities in disadvantaged areas.

 

Farmers in Phieng Pan commune use VBSP loans to invest in agricultural production.

As of now, the total outstanding loan balance under the programme has exceeded 1.422 trillion VND (54 million USD), with over 24,200 active borrowers.

The capital has enabled people in remote, mountainous, and ethnic minority areas to expand production, develop trades, generate employment, and contribute to poverty reduction and livelihood improvement.

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