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Client success stories

Updated: 2016-03-10 09:44:56

Escape poverty thanks to “Bank for Social Policies”

Nguyen Manh Tuyen’s family, Thuong Trung hamlet, Lien Am (Vinh Bao) commune will never forget hard days when they set their life up. “we are the poorest household in this commune. 
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Their life  has changed progressively since receiving loan from Vietnam Bank for the Poor (VBSP at present). In 2002, they took a loan of VND 3 million via Commune Farmer’s Union . To his family, it was such a large amount that they “thought they could never have”. They bought 8 seedling pigs and mash for them, brewed wine, made tofu . After 3 months, they got VND 3 million profit form selling the pigs and other products. Profit kept increasing as they continued raising another brood of pigs. As the result, they repaid the bank on due and finished procedures for another 4 million dong loan . They bought 15 pigs, continued brewing wine, bought brick-making machine and tens of ducks  etc. Due to hard working, smooth business, they got over VND 10 million after covering all costs. They borrowed a loan of VND 6 million from the Bank for the third time, invested in former businesses, and got VND 20 million profit this time. At present, Nguyen Manh Tuyen’s family living condition has changed much. They just set aside VND 50 million from their accumulation to build a spacious house beside the village road. They say: “Without VBSP, my family cannot have what we have today.”

 Vu Van Hung’s family living in a new economic zone at Nam An hamlet, Tam Cuong commune also improve their living conditions by borrowings from VBSP. Hung says: “In 1989, we started our lives here, life was hard and it was also hard to borrow from banks. In 2001, the situation was even worse as my two children went away from home for their study”. In 2004, Hung’s family got a VND 5 million loan from VBSP. They improved ponds for aquaculture, used mud from the pond to nourish areca trees. Within 3 years, they turned the loan into VND 30 million profits (10 million a year on average). On March, 2006 they finished repayment to the bank, and borrowed another valued at VND 5 million.

Tuyen’s family and Hung’s family, like other 8,260 households in Anh Bao district are developing their economic thanks to loans from VBSP. Up to now, VBSP has helped more than 2,000 households in the district which specializes in growing rice escaping poverty.

Source: The Haiphong



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