TIẾNG VIỆT
Stay Connected:

Press Release

Updated: 2016-03-01 13:43:47

Over 3.2 million students have access to preferential loans

Nearly 9 years after the implementation of the credit program for pupils and students based on Decision 157/2007/QD-TTg by the Prime Minister, over 3.2 million pupils and students have been given preferential loans worth over VND25 trillion from the Vietnam Bank for Social Policies (VBSP).

According to the VPSP, the policy holds great economic and socio-political significance and has created a very positive consensus within the communities.

It reflects the right guideline of the Party and the policy of the Government towards credit for pupils and students, which meets the aspiration of people and the development of society.

The program also helps to reduce poverty and social welfare requirements by creating greater equality in education and providing the country’s human resource pool with greater opportunities to exploit socio-economic development.

At present, each pupil and student can borrow VND1.1 million per month at an interest of 0,55% per month.

 

dangcongsan.vn

PHOTO ARTICLES

LENDING INTEREST RATE

Poor Households

Lending to poor households 6,6%/year
Lending to poor households in 64 poor districts as stipulated by the Government Resolution No.30a in 2008 3,3%/year

Near Poor Households

Lending to near poor households 7,92%/year

Students

Lending to disadvantaged students 6,6%/year

People in need of loans for job creation

Lending to business establishments owned by war invalids and handicapped persons 3,3%/year
Others...

DEPOSIT INTEREST RATE

Term Deposit Rate
Overnight 3,04%/year
1 week 3,23%/year
2 week 3,5%/year
Others...