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Updated: 2016-10-22 12:45:18

8.2 million microloans in Vietnam delivered by Vietnam Bank for Social Policies

(VBSP News) Among 18 existing lending programs to 18 policy beneficiaries, Vietnam Bank for Social Policies (VBSP) has directed its attention to the lending to the poor, disadvantaged students, business and production households in disadvantaged areas and the lending for safe water and rural environmental sanitation, job creation and housing purposes in 2011.

All programs are now easily accessible to the poor throughout the nationwide scale-up of mobile transaction points at all communes since 2011.

VBSP has provided more than 8.2 million microloans to over 7.3 million poorest households in Vietnam, with total outstanding loans of nearly USD 4.7 billion reported by the end of the year. The figure has partly reflected the noticeable contribution of VBSP in poverty elimination in Vietnam, contributing to implementation of Vietnamese Government’s commitment to international community on poverty alleviation and of the first target on poverty elimination in Eight Millennium Development Goals of the United Nations.

Over the last nine years, VBSP is on the way to gradually strengthen the clients’ financial capacity for poverty release, as people living in poverty need not only microloan but also other financial services for a better life. Among diversified products and services for micro borrowers, VBSP in the first instance offers the savings product for the poor through savings and credit groups. VBSP successfully mobilized over USD 60 million in 2011, which is not a big number but a good signal that its clients have acquired the habit of making savings, hence helping them to sustain their life out of poverty. The client’s sustainability certainly is VBSP’s sustainability in the time to come.



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