Disadvantaged households reduced

by VTV421 September 2016 Last updated at 17:32 PM

VTV.vn - A conference on credit policy performance was conducted this morning in Lao Cai province by the Steering Committee for the Northwestern Region in collaboration with the Vietnam Bank for Social Policies.

On average, the Northwestern region receives an average of 250 million USD per year in investment capital. The total amount of outstanding debt had reached nearly 1 billion USD as of August 31st.

This credit policy has supported over 630,000 disadvantaged households to overcome financial challenges and reduced the number of these households by 35%. By 2015, over 375,000 individuals had found employment, 368,000 students had received loans, and 940,000 clean water and environment projects had been completed. What is more notable is the outstanding debt rate has been kept as low as 0.25%.

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