April 07, 2020 | 18:46 (GMT+7)
Hanoi earmarks USD 28.2 mln for the poor amid COVID-19
Hanoi will earmark VND 650 billion (USD 28.2 million), the first stage, in support of the poor and other social beneficiaries via the local branch of Vietnam Bank for Social Policies (VBSP), amid the COVID-19 pandemic.
The municipal authorities asked the VBSP branch to work closely with local administrations, mass organisations and associations to promptly disburse the sum, which is expected to meet about 65 percent of loan demand.
Priority will be given to households enjoying debt payment rescheduling and extension, poor and near-poor households, cooperatives and small and medium-sized enterprises, mostly those working in agriculture, food supply, health care and necessities.
According to the VBSP, sectors hardest hit by the pandemic include animal farming, small-scale businesses and services, health care and transportation, with a total outstanding loans of over VND 2.3 trillion (USD 100 million), accounting for 28 percent of the total.
Source: VNA