The Government has channeled VND 114 trillion to help 21.4 million of poor households to fight poverty through networks of the Viet Nam Bank for Social Policies, according to official statistics.

Of the beneficiaries, over 2.9 million households escaped from poverty during the past ten years.

Thanks to the preferential credit policy, more than 98,000 laborers have been sent abroad, three million turns of poor students got access to subsidized loans to finance their studies.

In addition, over 4.2 million sanitary water and environmental hygiene works and 484,000 houses have been built up.

To improve the effectiveness of the policy, the Government has tasked the Viet Nam Bank of Social Policies to ensure that 100% poor households who meet certain requirements can access to preferential credit sources.

Governor of State Bank of Viet Nam Nguyen Van Binh said the central bank will create favorable conditions for the Bank for Social Policies to acquire preferential capital or official development assistance to ensure its credit abundance.

The central bank will also ask State credit organizations to keep 2% deposits at the Bank for Social Policies, Binh said./.

Source: chinhphu.vn