Particularly, in 2019, provincial departments and sectors have advised the provincial People’s Committee to focus on resources from ODA and non-government projects, converging all the capital to one point which is the VBSP for management and lending. This is a creative and effective solution to mobilise financial resources from and out of the provincial budget, thus creating strong capital sources for lending. … [Read more...] about Capital convergence helps boost poverty reduction
What helps build credit
Implementing Action Programme 33 of the provincial Party Committee’s Standing Board on the implementation of Directive 40 of the Party Central Committee on strengthening the Party leadership over social policy credit, the authorities of districts, towns and cities across the province has paid attention to allocating capital from the Vietnam Bank for Social Policies for poor people and policy beneficiaries.social policy credit has significantly contributed to narrowing the gap between rich and poor, reducing unemployment, fulfilling criteria for building new rural areas, and playing an important role in stabilising and developing the local economy. Especially, outstanding loans for ethnic minority households have so far reached 337 billion VND. … [Read more...] about When the Party’s Directive 40 spreads in life!
During the five-year implementation of Directive No. 40-CT/TW, more than 10 million households have gained access to policy loans, with 2 million households escaping from poverty sustainably. Thanks to the loans, nearly 3.2 million households have accessed clean water and 131,000 built their own houses. Close to 318,000 students can continue with their study. Nearly 1 million people have gained jobs and 21,000 others can work abroad. … [Read more...] about New breakthroughs expected to be made in poverty reduction
According to Director of the provincial Department of Planning and Investment Tran Van Hung, to provide effective support for businesses Quang Ninh has fostered public administrative reform and established multiple channels for dialogue between local administrations and companies. It has also prioritised allocating funding to the development of technical and social infrastructure, Hung said. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 8
“Given its strong fundamentals of a young, dynamic and tech-savvy population, a growing domestic market, a rising middle class and an open economy, Việt Nam continues to offer exciting investment opportunities. Many start-ups and multinational corporations have set up their operations in Việt Nam to leverage its strategic connectivity and proximity to Asian economies as a gateway to grow their businesses. While COVID-19 is likely here to stay for a while, it should not prevent us from exploring the new opportunities that Việt Nam can offer and attempt new strategies to build and sustain growth in the country,” said Nirukt Sapru, CEO of Việt Nam and ASEAN & South Asia Cluster Markets, Standard Chartered Bank. … [Read more...] about Việt Nam urged to improve infrastructure to attract more FDI