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Updated: 2018-10-11 14:51:22

Vietnam Bank for Social Policies: Improving credit quality

Loans from the Bank for Social Policies has helped many people in Ninh Hoa Township to have jobs, raise income and stabilize life. The highlight of social policy credit in the township is the good quality of credit with low rate of overdue debts.
Nguyen Thi Xuan, 54, a poor widow raising two children in Lac An Hamlet, Ninh Tho Commune, was lent VND33 million by the transaction office of the Bank for Social Policies in Ninh Hoa Township. Up to now, her daughter has graduated and her burden has been lessened. She also has been lent VND30 million to buy two breeding cows and make their cage under the credit policy program for near poor households. Up to now, her family is raising 4 cows.
Xuan feeding cows
Xuan feeding cows
Till August 31, 32,937 households in Ninh Hoa have given policy loans with total credit balance of nearly VND487 billion, creating jobs for 1,138 laborers. 18,847 clean water and hygien works were built. 8,428 households were given loans…The Bank for Social Policy in Ninh Hoa has mobilized VND21.5 billion in deposit, increased by VND8.3 billion over that in the beginning of the year…
The highlight of social policy credit in the township is the good quality of credit with low rate of overdue debts. Specifically, the overdue debts total VND1.35 billion, making up 0.28% of total credit balance, far lower than 0.41% of the overdue debt rate of the whole province.
According to Nguyen Vinh Thanh, Vice-chairman of Ninh Hoa Township People’s Committee, during the past year, the capital from the Bank for Social Policies has partly improved living for many local people, contributing poverty reduction in the township. The board of directors of the township Bank for Social Policies has intensified supervising and collecting overdue debts to raise quality of credit. Besides, an amount of capital from the State budget has been transferred to the bank to lend local people.
Nam Du



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