VISITORS
News & Events
Efficiency of financial products and services for the poor in Da Nang
(VBSP News) Over recent years, Da Nang’s authorities at all levels have effectively implemented preferential credit programmes for poor families and social policy beneficiaries. This has helped the recipients to enhance their living conditions, as well as improve local socio-economic development.
 |
| A VBSP employee disbursing a loan to a local resident |
The family of Mr Truong Hoang Dieu from Hai Chau District’s Hoa Cuong Bac Ward is a typical example of the effective use of preferential credit loans.
In 2015, his family took out a loan of 30 million VND at 0% interest for the first 3 years. The loan was given by the city’s branch of the Viet Nam Bank for Social Policies (VBSP).
Mr Dieu used the money to open a carpentry workshop. After 2 years of hard-work, he is now able to earn a stable income and bring up his school-aged children. As a result, his family succeeded in lifting themselves above the poverty threshold earlier this year.
Director of the VBSP Doan Ngoc Chung said “A total of 3,891 poor, near-poor and out of poverty households across the city have been given loans of 116.1 billion VND in total in order to do support their business and production activities. In addition, a total of 37.2 billion VND in loans has been provided for 1,480 local families to develop their own businesses and increase their incomes, whilst 4.5 billion VND has been loaned to 353 people who have ‘turned over a new leaf’ by making a positive change to their characters as they try to reintegrate into their local communities.”
Director Chung remarked that this year the VBSP is expecting to lend a total of 120 billion VND to needy people.
Da Nang Today
- Preferential credit empowers Gia Nghia residents to get out of poverty
- The Bank of the Lao PDR visits and works with the Vietnam Bank for Social Policies (VBSP)
- Maximizing the Effectiveness of Policy Credit in Thai Nguyen (Final Part: The Pillar of Sustainable Poverty Reduction)
- Maximizing the Effectiveness of Policy Credit in Thai Nguyen (Part 1: Guided by the Party)
- Getting out of Poverty and Building Wealth with Preferential Loans
- The Cuban Central Bank President visits and works with the Vietnam Bank for Social Policy
- The opportunity for individuals who have completed their prison sentences
- Summary of the Digital Education Program for Vulnerable Groups in Vietnam
- Part 4 - Belief and Aspiration
- Part 3 - The Journey of Spreading Love
- Sustainable poverty reduction by microfinance
- Help the poor to access policy credit and financial services
- VBSP attended Financial Inclusion workshop on “Agricutural and rural finance in Vietnam”
- Inclusive finance help reduce poverty
- Deputy PM instructs increasing lending for poverty alleviation
- Việt Nam Bank for Social Policies hailed for poverty reduction and social security in HCM City
- Vietnam Bank for Social Policies wins Celent Model Bank Award with Intellect's Digital Core
- Prime Minister chairs conference on preferential credit policies
- Reviewing 15-year operation of VBSP’s provincial branch in 2002-2017
- Prime Minister praises social credit policies
- Preferential credit empowers Gia Nghia residents to get out of poverty
- The Bank of the Lao PDR visits and works with the Vietnam Bank for Social Policies (VBSP)
- Maximizing the Effectiveness of Policy Credit in Thai Nguyen (Final Part: The Pillar of Sustainable Poverty Reduction)
- Maximizing the Effectiveness of Policy Credit in Thai Nguyen (Part 1: Guided by the Party)
- Getting out of Poverty and Building Wealth with Preferential Loans
- The Cuban Central Bank President visits and works with the Vietnam Bank for Social Policy
- The opportunity for individuals who have completed their prison sentences
- Summary of the Digital Education Program for Vulnerable Groups in Vietnam
- Part 4 - Belief and Aspiration
- Part 3 - The Journey of Spreading Love
LENDING INTEREST RATE
|
||||||||||||||||||||
DEPOSIT INTEREST RATE
|
||||||||||