Today: 29/09/2022 20:51:12 (GMT+7)
THE CENTRAL AGENCY OF THE COMMUNIST PARTY OF VIETNAM BAC GIANG PROVINCE THE VOICE OF THE PARTY, GOVERNMENT AND PEOPLE OF BAC GIANG PROVINCE

National Employment Fund helps young people in Bac Giang start business

(BGO) – There are more and more youth-owned agricultural production and services models and projects, actively contributing to the socio-economic development of localities in Bac Giang province. Local young people have been supported with preferential loans from the National Employment Fund to start a business.

Visible effects

After fulfilling military service, in 2009, Le Van Phao, born in 1989 in Ho Dau village, Cam Ly commune (Luc Nam district), got married and lived separately from his parents with over 7 ‘sao’ (1 sao = 360sq.m) of hill garden covered with eucalyptus and lychee.

National Employment Fund, young people, Bac Giang province,  start business, youth-owned agricultural production, socio-economic development, preferential loans, Visible effects

With the loan from the Fund, Le Van Phao develops hybird chicken raising model and earns high income.

Determined to escape from poverty, in 2012, the Nung ethnic man boldly borrowed money from a bank, plus the help of his relatives, to start a business with the model of raising hybrid fighting-cocks. Initially, he raised nearly 300 heads to explore the market and gain experience. Fortunately, the first batches were sold smoothly with high prices (100,000-130,000 VND (4.28-5.56 USD) per kg), earning him profits. After identifying the direction, Phao planned to expand the production scale.

“In 2018, I was advised and supported by the communal Youth Union to get a preferential loan from the National Employment Fund. With a soft loan of 50 million VND (2,138 USD), I have made my dream come true,” said he.

Unlike Phao who chose the agricultural production model, from borrowing capital from the Fund, Dao Ngoc Quang, born in 1990 in Song Khe 2 village, Song Khe commune (Bac Giang city), gets rich from a transport business project. In 2018, after working as a freelance driver, with the suggestion and support of his family, Quang established the Ngoc Quang Transport Co., Ltd.

His company has created jobs for 20 workers, mainly local young people with a stable monthly income of 10-14 million VND (427-598 USD) per person. To obtain this result, in 2019, Quang borrowed 300 million VND (12,828 USD) from the Fund to buy two more trucks. Recently, in order to overcome difficulties due to the impact of the Covid-19 epidemic, he was again supported by the youth union to borrow 1 billion VND (42,760 USD) from the Fund and the source under the Government’s Resolution 11 dated January 30, 2022.

Arranging reciprocal capital to meet demand for loans

Currently, the whole province has more than 73,500 youth union members, of them about 39,000 live in rural areas. Vu Tuan Anh, head of the Youth Movement Committee of the provincial Youth Union, said that the startup movement is attracting a large number of youth union members. To meet their needs for loans, youth unions at all levels have always created favorable conditions for them to access preferential credit policies.

National Employment Fund, young people, Bac Giang province,  start business, youth-owned agricultural production, socio-economic development, preferential loans, Visible effects

Dao Ngoc Quang (middle) develops a transport business model from preferential loans.

Thanks to preferential capital, the province now has nearly 600 successful business models of young people with average income of more than 200 million VND (8,550 USD) per year.

However, many young people dare to think but face difficulties in capital. According to the Government’s Decree 74/2019/ND-CP dated September 23, 2019 guiding lending activities from the Fund, in order to borrow a maximum amount of 100 million VND, individuals must prove the feasibility of their own business models, have a business license and farm certificate or collateral. Production and business establishments owned by young people need to prove their economic efficiency to obtain loans.

To remove these obstacles, Than Trung Kien, Secretary of the provincial Youth Union said the provincial Youth Union will further promote communications, review and select typical economic models that are eligible for disbursement; regularly inspect and evaluate the efficiency of using loans and urge interest payment on time. In particular, it will select and launch youth start-up movements; connect and support product consumption for projects receiving loans. To further improve the effectiveness of the Fund, the provincial Youth Union recommends localities to balance their budgets to meet the capital needs of young people.

Tuong Vi - Ngoc Anh
Bac Giang bags 19 medals at National Youth Chinese Chess Championships
(BGO)- After 9 competing days (from July 3 to 11), the 2022 National Youth Chinese Chess Championships closed at Khanh Hoa Sports Arena on April 11. Bac Giang team excellently won 19 medals at this event.
 
“Pink vaccation” youth volunteer campaign launched in Bac Giang
(BGO) –  The Standing Board of the Ho Chi Minh Communist Youth Union (Youth Union) in Bac Giang province on July 10 directed the youth union at some agencies, businesses and Luc Nam district to launch “Pink vaccation” youth volunteer campaign in 2022 at An Khanh – Bac Giang Thermal Power Joint Stock Company in Vu Xa commune, Luc Nam district.
 
Bac Giang youth volunteers join hands to harvest and consume lychees
(BGO) – It is the peak lychee harvest season in Luc Ngan district, Bac Giang province. Hundreds of youth volunteers have joined hands together with the farmers to harvest and consume the special fruit as well as cooperate with competent agencies to ensure the traffic safety.
 
500 delegates to attend Youth Startup Forum 2022
The Youth Startup Forum 2022 will be held in October with the participation of about 500 young people, students and young businessmen with creative startup projects, as well as representatives of government agencies, universities and research institutes.
 
Youths volunteer to support lychee sale
(BGO) - At this time, lychees begin to be harvested. In order to support growers, the Bac Giang provincial Youth Union has directed its local chapters and affiliated units to set up volunteer youth teams to support digital transformation and sale of agricultural products, thereby helping farmers harvest lychees in time, and boost e-commerce application in lychee sale and promotion.
 

National Employment Fund, young people, Bac Giang province, start business, youth-owned agricultural production, socio-economic development, preferential loans, Visible effects
 
New comment has just been added. Click here
Sort:NewBest News