Updated: 2019-06-14 13:53:00

Fighting off informal credit

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• Social policies bank asked to diversify capital sources to best serve the poor
• Deputy Prime Minister Ho Duc Phoc chairs a working session with VBSP
• Policy credit helps poor households eliminate temporary and dilapidated houses
• Policy credit contributes to sustainable poverty reduction
• Effectiveness of Loan Capital for Formerly Incarcerated Individuals
• Eliminating temporary and dilapidated houses with policy credit funds
• Policy credit supports ethnic minority youth in starting businesses
• Effectiveness of Policy Credit in Nghia Hanh District
• Women play an important role in growth of Vietnam's banking sector
• Ex-prisoners stabilize their lives thanks to policy credit

Links ... Asia-Pacific Rural and Agricultural Credit Association Banking with the Poor Network Ministry of Finance Ministry of Labor, War Invalids and Social Welfare State Bank

LENDING INTEREST RATE

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 Students 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 Others...

DEPOSIT INTEREST RATE

Term Deposit Rate Overnight 3,04%/year 1 week 3,23%/year 2 week 3,5%/year Others...