Bank helps 3.6 million households escape poverty

10:22 | 09/10/2015 Economy- Society

As many as 3.6 million households have escaped from poverty while 12 million people have found employment as direct and indirect outcomes of preferential loans from the Vietnam Bank for Social Policy, according to the bank.

Bank helps 3.6 million households escape poverty

Illustrative image (Source: noichinh.vn)

The bank has also support the construction of 7.2 million clean water and sanitation works nationwide, 484,000 houses for the needy, and 3,204 flood shelters and 103,000 flood-proof houses for locals in the Mekong Delta region 

Meanwhile, 3.3 million poor students have received financial assistance from the bank to keep up with study. 

With nearly 11,000 transaction points in communes, wards and towns nationwide, the bank has the large network among all credit organisations in the country. This has enabled poor people and those from ethnic minority groups to easily access capital. 

Currently, total capital of the bank reaches 147.2 trillion VND (6.5 billion USD), 20 times higher than that of 2002 when the bank was established on the foundation of the Vietnam Bank for the Poor./.

Source: VNA

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