On June 8, 2017, BAT Vietnam and Ha Noi Moi newspaper worked with the Women's Union in Cu Chi District (HCMC) and Long An Province to assess the outcomes of the Poverty Reduction Support Fund microfinance project which is coordinated by the Ha Noi Moi Newspaper (“Project”). Over the years the fund has lent VND500 million without interest to more than 500 households in Cu Chi and Long An, helping them improve their farming and escape poverty.
This is a part of the Project, with purpose of charity and poverty reduction, in which BAT participated as a donor since 2004 with the total amount of VND1,6 billion. The principle of the Project is to contribute to the local hunger elimination program to gradually create a stable life for poor people and help them accumulate enough money to develop a business. Thus far, by providing dozens of loans in the past 13 years, the Project has benefited over 5,000 households with over 20,000 people in Hai Phong, Bac Giang, Hanoi, Quang Tri, Cu Chi, and Long An.
Ms. Nguyen Hoang Hue Linh, Senior Corporate Communications & CSR Manager of BAT Vietnam, said: “After 13 years of implementation, some loans granted by the Project in Hai Phong, Bac Giang, Hanoi and Quang Tri have been recovered, and shall be used to continue with other charitable projects in other provinces.”
According to Ms. Hue Linh, the Poverty Reduction Support Fund is one of the corporate social invesment programs that BAT has been doing over the past years to support poor communities. “We believe that when people are advised and supported with the most favorable conditions, such as loans and advantageous transport infrastructure, they will be much more comfortable and encourageable in choosing steady and safe job.” she said.
For BAT Vietnam, each enterprise is a corporate citizen in the nation. Thus, for many years, “citizen” BAT Vietnam has always supported the community and carried out charity projects in many provinces.