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Updated: 2019-12-25 11:25:26

Disbursing loans for job creation program

(VBSP News) VBSP has just been supplemented VND 25 billion by the Central Bank for job creation program. Localities are disbursing this new capital to support local people.

Loans used effectively

Tran Thi Thuy Van (group 1 Vinh Diem, Ngoc Hiep ward, Nha Trang city) had 200 coconut trees in her garden. After many years, the coconut trees got degraded. Then, she borrowed VND 50 million from the job creation fund of VBSP to renovate the coconut trees and plant new coconut trees. Now, her coconut garden gives her family VND 5 to 8 million a month. Nguyen Van Diep in Khanh Vinh Township also borrowed VND 100 million from the VBSP to plant 370 orange trees and 200 grapefruit trees in Thac Trau area in Khanh Nam Commune, Khanh Vinh District. In 2018, grapefruit and orange trees began to be harvested.

Credit for job creation is one of the important channels to support people in earning, reducing poverty sustainably and creating new jobs. By November 15, total credit balance for job creation was over VND 299.6 billion with 9,142 borrowers. The capital of the program has brought a very positive effect; credit is safe because of the low rate of bad debts and overdue debts. However, in recent years, the capital source for job creation program has not met the demand of loans of local people. Localities as well as VBSP often propose the Central and the provincial budget to supplement loans for job creation. At the same time, it is recommended to increase the lending level for this program.

VBSP Ninh Hoa do transaction in Ninh Than Commune

Loans to be raised

On September 23, 2019, the Government issued Decree 74 amending and supplementing a number of articles of Decree No. 61 dated July 9, 2015 to provide policies on job creation support and the National Fund for Employment, which raises the maximum loan limit and the loan term for the job-lending program. This policy, effective from November 8, 2019, is good news for local people.  Bui Nhat Quang - Deputy Director of VBSP Khanh Hoa said that Decree 74 has some noticeable new points that the loan level is raised to a maximum of VND 100 million for employees; for production and business establishments, the maximum loan amount is VND 2 billion for each project and not exceeding VND100 million for each employee. The loan term is extended to a maximum of 120 months.

On November 18, the VBSP assigned VND 25 billion to its branch in Khanh Hoa Province to lend for job creation, maintenance and expansion. The capital has been allocated to localities in the province and it is expected that disbursement will be completed on December 10.

The addition of capital, increasing the limit, the loan term has increased both access opportunities and helped promote the efficiency of loans of local people.

The addition of capital and the increase of the limit and the loan term have raised access opportunities and promoted the efficiency of loans for the local people.




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