Peak Month Campaign ‘Collective Savings for the Poor’

Implementing the movement “Nationwide Unity for the Poor, Leaving No One Behind”, the Provincial Committee of the Vietnam Fatherland Front (VFF) coordinates with the Social Policy Bank (CSXH) Provincial Branch and socio-political organizations to execute the peak-month plan “Collective Savings for the Poor”.

The campaign “Collective Savings for the Poor” in Lao Cai province runs from April 10 to December 31, 2024, with a peak phase from May 1 to May 31.

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The launching ceremony is scheduled for 9 AM on May 14, conducted online at the CSXH Provincial Branch and CSXH Transaction Office points in districts and towns.

Credit officers guide people on checking loan records..JPG
Policy capital supports many households to escape poverty.
Implementing entities include: Economic organizations, enterprises, cooperatives, socio-political organizations, social-professional organizations, social funds, charity funds, individuals inside and outside the country.

Deposit locations at CSXH Provincial Branch headquarters, CSXH Transaction Office in districts and towns; transaction points in communes (commune People’s Committee headquarters on fixed transaction days publicly announced).

Savings can be either term or non-term deposits. Interest rates follow regulations set by the Director General of CSXH Vietnam at the time of deposit.

To ensure the effectiveness of “Collective Savings for the Poor”, CSXH Provincial Branch, CSXH Transaction Offices in districts and towns advise the Party committees, local authorities to collaborate with VFF at all levels, socio-political organizations receiving entrusted tasks and involve the entire political system in leading and directing the peak-month activities of “Collective Savings for the Poor”.

CSXH district officers in Bao Yen check loan borrowers in Viet Tien commune.
Emphasizing public awareness campaigns, mobilizing through various media channels and other forms to garner active participation from organizations, individuals within and outside the province.

Socio-political organizations at all levels actively promote and mobilize savings, striving to achieve and surpass fundraising targets at commune levels.

Mobilizing savings into CSXH reflects profound humanitarian values, harnessing idle capital within the population, generating income for depositors, and supplementing resources for CSXH to implement social credit programs.

This contributes to sustainable poverty reduction goals, building new rural areas, and socio-economic development in ethnic minority and mountainous regions, ensuring social welfare.

With the spirit of “each person contributes a little”, collective financial resources enhance social credit funding, meeting the financial needs of the poor and other policy beneficiaries.

Through the “Collective Savings for the Poor” program, efforts focus on mobilizing resources to timely disburse preferential credit programs for the poor and other policy beneficiaries.

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