25 years of establishment of VNFU Supporting Fund for Farmers: Creating millions of jobs, thousands of economic development models
On the 25th anniversary of the establishment of VNFU Supporting Fund for Farmers, it was honored to receive the First Class Labor Medal awarded by the State President on March 23 in Hanoi.
Recognizing and praising the achievements of VNFU Supporting Fund for Farmers in the past 25 years, with the authorization of Vietnam’s President, Mr. Thao Xuan Sung - Secretary of VNFU Designated Representation, Chairman of VNFU awarded the First Class Labor Medal to VNFU Supporting Fund for Farmers.
In the afternoon of March 23, 2021 in Hanoi, the Farmers Support Fund (PCF) under the Central Vietnam Farmers Association (Central Association of NDVN) held a meeting to celebrate the 25th anniversary of the foundation's establishment (March 1996 - 3/2021) and received the First Class Labor Medal.
Attending the meeting were Mr. Thao Xuan Sung - Secretary of VNFU Party Designated Representation, Chairman of VNFU Executive Committee; Mr. Luong Quoc Doan - Member of the Central Committee of the Communist Party, 1st Vice - Chairman of VNFU Executive Committee; Vice Chairmen Pham Tien Nam, Dinh Khac Dinh, Bui Thi Thom and Nguyen Xuan Dinh; former leaders of VNFU through the periods; leadership representatives of VNFU departments and units, FUs in some provinces and cities, etc.
Speaking at the meeting, Mr. Thao Xuan Sung - Secretary of VNFU Party Designated Representation, Chairman of VNFU Executive Committee affirmed that in 10 years of implementing the renewal policy of the Party, especially reforming economic thinking and clearly defining the key role of the peasantry in agricultural and rural development according to the goal for rich people, strong country, democracy, equality, civilization, on July 26, 1995, the Prime Minister signed a decision for the establishment of the Supporting Fund for Farmers and the State Bank of Vietnam sent a letter instructing VNFU Supporting Fund for Farmers to manage farmer support capital.
On that basis, VNFU Standing Committee issued Decision No. 80 on the establishment of the fund with its own legal status, seal and account, etc.
VNFU Supporting Fund for Farmers has worked to support and help farmers, members to build and replicate economic models, restructure agriculture and develop collective economic forms in the rural areas according to the "6-parties" linkage.
Besides, the Fund supports farmers, members to apply advanced science, techniques and new technologies for the goal of "3 high” including high productivity, high quality, high efficiency, gather, unite farmers, members into farmers’ professional branches and new-style- cooperatives.
To present, VNFU has 1 Central Supporting Fund for Farmers, 63 Provincial Funds, and 654 District Funds operating effectively with the strength of a contingent of staff from the central to grassroots level, creating a strength in a large group of members participating in loans in groups of "5 self, 5 together".
In particular, the Fund always strives to continuously, constantly innovate, improve operational efficiency according to Project 966 of VNFU Standing Committee on "Renewing and improving the efficiency of VNFU Supporting Fund for Farmers in the period of 2011 - 2020 ".
Mr. Thao Xuan Sung, on behalf of the State President, is awarding the First Class Labor Medal to VNFU Supporting Fund for Farmers. Photo: Nguyen Chuong
"With those outstanding contributions of VNFU Supporting Fund for Farmers, the President of the Socialist Republic of Vietnam decided to award the First Class Labor Medal, a noble award that recognizes the new maturity of FU at all level in general, VNFU Supporting Fund for Farmers at the central level in particular "- affirmed Chairman Thao Xuan Sung.
Creating millions of jobs
To bring into play the achievements, Mr. Thao Xuan Sung proposed VNFU Supporting Fund for Farmers as well as 63 Executive Boards of the Provincial Fund and 654 Executive Boards of the district Fund to well perform 5 key tasks in the coming time.
"VNFU Supporting Fund for Farmers provides loans in the form of family farmer groups in close linkage with building a spotless and strong farmers’ union, its breakthrough is to build farmers’ professional branches and groups which operates according to the principle of "5 self, 5 together " in order to improve the capacity on "6-parties" linakges, replicate advanced models in all regions. The Executive Board of the Fund at all levels always "understands the hearts of the people and conscientiously serves them", provides "transactions at home, disbursement on the spot " and really trust the people, respect the people, be close to the people, understand the people, learn from the people, rely on the people, be responsible to the people..." - emphasized Chairman Thao Xuan Sung.
Reporting on the results of 25 work years of the Fund, Mr. Nguyen Xuan Thang, Director of VNFU Supporting Fund for Farmers stated that when the Fund was established, the Prime Minister at first appointed the Bank for the Poor (now known as the Bank for Social Policy) to give loans of VND 40 billion to the Fund as the initial capital. Its loan period was 05 years with deducted interest rate.
After 5 years of operation, seeing the effectiveness of the Fund, in April 2002, the Government agreed to assign the Ministry of Finance to grant VND 40 billion to the Fund for its direct management.
"Thereby proving the confidence of the Party and the Government in Farmers’ Union in ensuring the safe and effective management and using of loans from the Funds. Farmers, especially the poor have been actively supported and accompanied in their production and business development "- affirmed Mr. Nguyen Xuan Thang.
Over 25 years of establishment and development, the Fund has achieved results beyond the initial expectations. From VND 40 billion of the original capital borrowed from the Government, the capital source of the Fund at all levels in the whole system has reached nearly VND 4,000 billion, in which the Fund at the central level has reached over VND 735 billion.
The Fund has been performing well its role of companionship and support for farmers, members nationwide in their production and business, increasing income and improving their lives. The Fund has contributed to creating millions of jobs, thousands of typical economic models in association and cooperation at farmers’ professional branches and groups, cooperative groups, cooperatives which have been effectively formed, developed and replicated.
At the meeting, many delegates reviewed their good memories and experiences, expressed their excitement at the results and achievements in 25 years of building and developing the Fund.