Social policy loans help 1.4 million households escape poverty in past 3 years
(VOVWORLD) - As of August, total social credit stood at 9 billion USD, invested in all localities across Vietnam, prioritizing remote and border areas.
Deputy Prime Minister Vuong Dinh Hue (C) chairs the national online conference on improving credit policy for sustainable poverty reduction on September 23, 2019 in Hanoi. (Photo VGP/Thanh Chung)
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The figure was announced at a national online conference in Hanoi on Monday on improving credit policy for sustainable poverty reduction. The conference was chaired by Deputy Prime Minister Vuong Dinh Hue, who is also Head of the Steering Committee for National Target Programs.
Over the past three years, 8 million poor households and policy beneficiaries have accessed credit packages, according to the conference. More than 1.4 million of those households are now above the poverty level.