Social policy credit lifts 2 million ethnic minority families out of poverty

Social policy credit has lifted more than 2 million ethnic minority households out of poverty as of August 31, said Director General of the Vietnam Bank for Social Policies (VBSP) Duong Quyet Thang at a conference in Hanoi on September 25. 

Soft credit is one of the 54 exclusive policies designed for ethnic minority groups and a bright spot in sustainable poverty reduction, said Truong Thi Mai, head of the Party Central Committee’s Commission for Mass Mobilisation. Disadvantaged ethnic minority people have become more independent with greater responsibility for their livelihood rather than relying on others’ support, according to Mai.

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