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Updated: 2018-09-24 15:40:39

VBSP's experiences are valuable for countries with high rates of poor households

(VBSP News) As part of the International Workshop on "Pro-Poor Rural and Agricultural Finance Best Practices: Experiences of Vietnam". Recently, the senior delegation of Asia-Pacific Rural Agricultural Credit Association (APRACA) led by Dr. Prasun Kumar Das - Secretary General went for a field visit in VBSP in Dong Anh district (Hanoi).

Đoàn cán bộ cấp cao của Hiệp hội các tổ chức tín dụng châu Á - Thái Bình Dương (APRACA) tìm hiểu hoạt động của Điểm giao dịch NHCSXH tại xã Vĩnh Ngọc, huyện Đông Anh

Senior delegation of Asia-Pacific Rural Agricultural Credit Association (APRACA) witnessed  operation of VBSP in Vinh Ngoc Commune, Dong Anh District

In Dong Anh district, the delegation went to Vinh Ngoc commune, a commune with 929 hectares of natural land, including 4 villages with 15,500 inhabitants. In the past years, policy credit has helped poor households and policy beneficiaries have capital for production and business, expanding services, raising livestock, growing crops ... creating jobs, raising income. Capital from VBSP contributed positively to local socio-economic development, accomplishment of poverty reduction goal, job creation, and social security. In addition, VBSP Dong Anh district always take the initiative in advising local authorities to deploy credit policy to right beneficiaries. Choosing borrowers is done subjectively, publicly; borrowers use the capital for the right purpose, effectively contributing to economic development of households, helping borrowing households to improve living standards. At the same time, collaboration lending with 04 mass organisations have promote combined strength of the entire socio-political system, creating a safe, effective and reliable policy credit management and channel system. So far, total outstanding loans of 06 policy credit programs implemented in Vinh Ngoc commune reached nearly VND 11 billion with 358 active borrowing households, fulfilling 100% of the assigned growth plan in 2018. In the first nine months of 2018, VBSP has provided loans to over 350 turns of households, contributing to creating nearly 250 jobs, renovating and building on 496 rural clean water and environmental sanitation facilities; assisted in building, repairing and renovating 03 houses for poor households ... For many years, Vinh Ngoc commune has no overdue debt.

Tìm hiểu thông tin về các chÆ°Æ¡ng trình cho vay tại Bảng thông báo của NHCSXH treo tại Điểm giao dịch xã VÄ©nh Ngọc     

Look through information about policy credit programs of VBSP in Vinh Ngoc commune transaction point

At the commune transaction point, APRACA's delegation also explored operation model of the point, collaboration lending with 04 mass organisations, operation of Savings and Credit group, concurrently study VBSP’s method of transferring and managing loans.

Ms. Gouri Krishna - General Director of Basix consulting organization (India) said that VBSP lending to poor households and policy beneficiaries is very effective. Lending at transaction points through local authorities, mass organisations, and Savings and Credit group is a unique feature of VBSP, which is well worth for APRACA members and countries with high rate of poor households to get experiences from. In addition, the publicity of credit programs, outstanding loans of each household, interest rates of various programs etc., shows transparency and democracy of credit policy in Vietnam. "This is a unique management model of VBSP system and Vietnam, in line with current context, creating most favorable conditions for beneficiaries in borrowing, repaying and getting policy credit information timely, reduceing costs, travel time when dealing with VBSP, creating trust for the people", Gouri Krishna exchange.

Tiến sĩ Prasun Kumar Das (áo xanh) - Tổng Thư ký Hiệp hội APRACA tìm hiểu về mô hình sản xuất đậu phụ của gia đình bà Nguyễn Thị Lịch

Dr. Prasun Kumar Das (in blue shirt) - Secretary General of APRACA visit the tofu production model of Nguyen Thi Lich's family

Visiting Mrs. Nguyen Thi Lich, Phuong Trach village, Vinh Ngoc commune, Dong Anh district, from a poor family, worked as a hired laborer to earn a living, in 2016, her family borrowed VND 30 million from the employment program from VBSP to invest in machinery and equipment to make tofu. Working hardly, Mrs. Lich made tofu everyday and directly brought to the market. Each month, deducting expenses, her family has an income of about VND 4 million per month. In addition, her family is also provided with a loan of VND 12 million for clean water and rural sanitation to invest in construction of clean water and sanitation facilities.

Trao đổi với chị Đinh Thị Toan về việc sử dụng vốn vay phát triển vườn cây ăn quả và chăn nuôi gà

Sharing with Mrs. Dinh Thi Toan about the use of loans for fruit trees plantation and chicken  raising

Dinh Thi Toan's family is also a disadvantaged household in Phuong Trach hamlet, Vinh Ngoc commune. She and her husband worked together to earn a living, but life was very uncertain. In March, 2018, through Savings and Credit group managed by Women’s Union, she borrowed VND 40 million from the newly escaped from poverty program to expand fruit plantation and chicken raising. Thanks to hard working, so far, she has developed the farm to more than  two hectares with fruit trees such as orange, banana, grape fruits ect., and nearly 500 chickens promising a future of better income to her family.

Speaking to the delegation, Toan said: "Thanks to preferential loans from VBSP, my family can afford to invest in expanding breeding and develop family economy. Without this loan, my family does not know when to have such a property as today. "

Dr. Prasun Kumar Dasm - Secretary General of APRACA said that VBSP lending to poor households and policy beneficiaries is very effective. Such loans and economic development models are worth learning, expanding. VBSP’s experience in management, channeling loans is a lesson for many countries in the world to learn. Dr. Prasun Kumar Das also affirmed that the credit policy programs that VBSP is implementing are credit channels that help the poor and policy beneficiaries to improve their lives, escape poverty and improve their qualifications. Thanks to loans from VBSP, the status of the poor in Vietnam has been improved.





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


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


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