Thua Thien-Hue helps needy households escape poverty

Nguyen Van Nghia, residing near Tam Giang lagoon in QuangLoi commune, QuangDien district, is a prime example of poor people escaping poverty thanks to preferential loans. Nghia’s family had been living under the poverty line for many years. Local authorities assist them to borrow VND30 million (US$1,324) from the VBSP to start duck breeding. In 2016, the family escaped poverty. Nghia received another loan of VND20 million (US$882.8) in January this year to further expanding his business.

Preferential loans have helped boost sustainable poverty reduction in the province. So far, 95,000 local poor and near-poor households have accessed preferential loans worth over VND2 trillion in total.

Since 2016, ThuaThien – Hue has implemented a poverty alleviation programme worth more than VND52 billion (US$2.29 million). It has helped provide vocational training for 1,285 people as well as educational support for 3,300 students.

According to the multidimensional poverty standards, the province has 23,600 household living under the poverty line and more than 14,000 others living close to the line. The figures account for 8.36 and 4.97% of the local population respectively.