Điện Biên: Preferential credit loans drive poverty reduction

ĐBP - Low-interest loans from the Vietnam Bank for Social Policies (VBSP) have become a powerful tool in the fight against poverty across Điện Biên province. Through various policy-based credit programs, thousands of poor and near-poor households, along with other vulnerable groups, have gained access to capital to launch production, create jobs, and improve their income.

Since gaining access to these preferential loans, many families in the remote district of Mường Nhé have found a pathway to sustainable poverty reduction. The story of Vừ Bả Dế’s family is a prime example of how social policy credit can create real, lasting change.

Once a poor household with many children, Dế’s family in Huổi Đanh village, Mường Toong commune, lived off subsistence farming and struggled to make ends meet. In 2017, he was approved by the local savings and loan group to borrow VND 50 million through VBSP’s program for poor households. He used the loan to buy a breeding buffalo and took the initiative to attend livestock care training courses. Within three years, the buffalo gave birth to three calves, which he later sold for nearly VND 60 million. Thanks to that income, his family officially escaped poverty in 2022.

Preferential credit has enabled Dế’s family and many others in Huổi Đanh village to raise buffaloes and cattle successfully.

Determined to further improve his livelihood, in 2024, Dế borrowed an additional VND 100 million under the near-poor household program and VND 200 million under the job creation program to expand his livestock model. Today, his family owns over 10 buffaloes and cows, along with a well-built barn, grazing fields, and a dedicated area for growing elephant grass to feed the animals.

“I’m truly grateful to have access to these loans from VBSP to develop our family’s economy”, he shared. “Now, we have a stable income, a better home, and a much-improved quality of life. I hope more organizations will support others in our village to boldly access these funds and escape poverty.”

Khoàng Thị Nghiêm, a Women’s Union member in Vằng Xôn village, Nậm Khăn commune (Nậm Pồ district), also turned her life around with a preferential loan. After years of struggling to make ends meet, in 2025, she bravely borrowed VND 100 million under the program for production and business in disadvantaged areas. With skilled hands and support from the local women’s union, she started a traditional embroidery business. Her model not only provides steady income for her family but also creates jobs for other local women, becoming a trusted economic initiative for the community’s Women’s Union.

The Nậm Khăn Women’s Union actively coordinates with the local VBSP branch to deliver preferential loans to members.

In Phìn Hồ village, Phìn Hồ commune (Nậm Pồ district), Cháng A Vênh’s family once faced constant financial hardship with no capital to invest in production. After joining local community activities and being introduced by the Youth Union, Vênh secured a VND 50 million loan from the program supporting poor households. He used the money to purchase three breeding buffaloes and invest in poultry farming. As the family’s financial situation improved, in 2024 he borrowed another VND 100 million to expand his farm. His family has since risen to become one of the more well-off households in the village.

“Thanks to the preferential loan, our lives have changed significantly”, shared Vênh. “My children can attend school regularly, and I’ve gained the motivation to work harder without worrying about food or basic needs anymore.”

Families like those of Dế, Nghiêm, and Vênh exemplify how preferential loans have empowered poor and near-poor households to develop sustainable livelihoods and break free from poverty. Across Điện Biên, many households have made effective use of these funds to gradually improve their living conditions. The VBSP has proven itself a vital link connecting government credit policy to those in need.

As of May 31, the total outstanding balance of social credit programs at VBSP Điện Biên reached VND 5,272.359 billion, an increase of VND 260.775 billion compared to the end of 2024. Notably, loans for poor households alone accounted for VND 1,738.551 billion, the largest share of total lending, supporting 30,098 clients. This underscores the bank’s strong focus on the most vulnerable groups.

In Hua Thanh commune (Điện Biên district), residents use VBSP loans to develop livestock farming.

VBSP also disbursed VND 763.779 billion in loans to near-poor households (an increase of VND 60.528 billion) and VND 370.496 billion to households newly lifted out of poverty. These programs play a crucial role in helping families rise above the poverty threshold, stabilize their lives, and build stronger household economies.

In addition, VBSP continues to prioritize practical programs such as job creation loans (VND 640.856 billion in outstanding debt), business support in disadvantaged areas (VND 944.384 billion), clean water and rural sanitation loans, and housing support for poor families. Since the beginning of the year, the bank has served over 12,783 borrowers, a testament to the high demand and strong public trust in the government’s preferential credit policies.

These achievements highlight the essential role of VBSP Điện Biên in supporting poor, near-poor, newly non-poor households, and other disadvantaged groups. Moving forward, the bank aims to accelerate disbursement, simplify loan procedures, and improve credit quality to contribute to sustainable poverty reduction and rural development in this mountainous province.

Quang Hưng
Comment

You have 500/500 characters left

Please enter 5 or more characters!!!

Recent news

  • 'Creating seed sources on Mường Thanh rice field

    Creating seed sources on Mường Thanh rice field

    BUSINESS -
    ĐBP - Currently, residents in the province are using rice seeds imported from other units and localities, as no enterprise or cooperative yet self-produces rice seeds characteristic of the Mường Thanh rice field. The lack of a stable indigenous seed source not only makes production dependent on external supply but also becomes a concern for the entire agricultural sector.
  • 'Culture takes root in community life

    Culture takes root in community life

    CULTURE - TOURISM -
    ĐBP - Enhancing the cultural and spiritual life of residents is a key task in building cohesive, culturally rich communities. With that goal, the Department of Culture, Sports and Tourism of Điện Biên province has implemented a wide range of grassroots - focused activities, contributing to the preservation and promotion of traditional cultural values and fostering a healthy, sustainable cultural environment in every village and neighborhood.
  • 'Na Son arouses spirit of self-reliance and self-improvement

    Na Son arouses spirit of self-reliance and self-improvement

    NEWS - POLITICS -
    ĐBP - Na Son commune was established based on the merger of Na Son commune, Keo Lôm commune, and Điện Biên Đông town. After the merger, Na Son commune still faces many difficulties: An asynchronous infrastructure, a high poverty rate, and continuous natural disasters... But it is precisely in these hardships that the spirit of studying and following President Hồ Chí Minh’s ideology, ethics, and style has become a spiritual anchor, creating the strength of solidarity and the aspiration for change.
  • 'Điện Biên’s cultural heritage considered tourism potential

    Điện Biên’s cultural heritage considered tourism potential

    CULTURE - TOURISM -
    ĐBP - Exploiting the value of cultural heritage to achieve the goal of developing tourism into a key economic sector of the province. This is a goal that Điện Biên can fully achieve because the province possesses a rich and diverse system of tangible and intangible cultural heritage, along with the national historical relic complex of the Điện Biên Phủ battlefield.
  • 'A bridge to preserve cultural identities in Điện Biên

    A bridge to preserve cultural identities in Điện Biên

    CULTURE - TOURISM -
    ĐBP - Not only famous for the Điện Biên Phủ Victory of 1954, Điện Biên province also preserves a treasure trove of tangible, intangible cultural heritage, and majestic nature. In recent years, tourism has become an important bridge, helping to preserve and promote heritage values, while offering visitors opportunities to experience, maintain, and spread the unique cultural identities of the Fatherland’s Westernmost region.
  • 'Điện Biên urgently restores transport infrastructure after natural disasters

    Điện Biên urgently restores transport infrastructure after natural disasters

    SOCIAL AFFAIRS -
    ĐBP - In 2025, natural disasters in the Điện Biên province have been highly complex, especially heavy rains in late July and early August that triggered flash floods, landslides, and widespread erosion, severely damaging the transport system. Many key routes were cut off and paralyzed for days. After the floods, the province mobilized maximum resources and implemented coordinated urgent measures to restore infrastructure, ensuring smooth traffic flow to help localities quickly stabilize and guarantee residents’ safety.
  • 'Momentum from industrial promotion

    Momentum from industrial promotion

    BUSINESS -
    ĐBP - Industrial promotion capital supporting enterprises and cooperatives in the province serves as a driving force for these business units to boldly invest in applying advanced machinery and technology into their production processes. Through the industrial promotion program, Điện Biên province’s enterprises and rural industrial establishments have enhanced their production capacity, labor productivity, and product quality, increasing their competitiveness in the market, especially for small and micro-scale businesses.
  • 'Challenges in building new-style rural areas

    Challenges in building new-style rural areas

    BUSINESS -
    ĐBP - The arrangement of commune-level administrative units within the province has created new space and momentum for local development; however, the National Target Program on New-Style Rural Area construction has also brought about difficulties and challenges, demanding determination and effort from all levels of government.
  • 'Sowing love in “special” classrooms

    Sowing love in “special” classrooms

    SOCIAL AFFAIRS -
    ĐBP - Unlike their peers, children attending special education classes require more meticulous attention, support, and a long-term intervention process. Therefore, at the Điện Biên provincial Inclusion Education Support Center, the learning journey of these children is always connected with the perseverance, tenacity, and love of the teaching staff here.
  • 'Teaching in “multiple-lack” villages

    Teaching in “multiple-lack” villages

    SOCIAL AFFAIRS -
    ĐBP - On the remote, sparsely populated mountains of the highland region in Điện Biên province, where life still faces many hardships, the footsteps of boarding school teachers are relentlessly treading on slippery dirt roads.
  • 'Sports spirit takes root in local schools

    Sports spirit takes root in local schools

    SPORTS -
    ĐBP - In recent years, the movement to promote physical education and sports (PES) in schools across Điện Biên province has grown strongly. More than just a means of improving individual fitness, sports have become a cultural hallmark on school campuses, where teachers and students embrace a healthy, active lifestyle together.
  • 'Silent “ferrypersons”

    Silent “ferrypersons”

    SOCIAL AFFAIRS -
    ĐBP - While many schools are vibrant with flowers and words of gratitude for teachers, there are still those who silently sow literacy, receiving simple forest flowers in return. They are highland teachers, the “ferrypersons” who are not only steadfast in their profession but also persistent and loving, overcoming hardships of roads, weather, and living conditions... to light up dreams for students in the high mountains.
  • 'Effort and responsibility for grassroots-level administration

    Effort and responsibility for grassroots-level administration

    NEWS - POLITICS -
    ĐBP - In implementing the two-tier local government model, the Điện Biên provincial People’s Committee has recently deployed various solutions to enhance the professional capacity of state management at the grassroots level, notably by seconding public employees and civil servants from the provincial/department level to work in communes and wards.
  • 'Quài Tở restructures agriculture

    Quài Tở restructures agriculture

    BUSINESS -
    ĐBP - In an effort to enhance production value and create sustainable livelihoods for the people, Quài Tở commune is promoting agricultural restructuring towards commodity production, application of science and technology, and promotion of local advantages. Specialized cultivation zones are being formed, and effective economic models are spreading, opening a new direction for local agriculture.