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Updated: 2017-01-09 09:53:48

Government of Vietnam Approves National Microfinance Strategy

The Prime Minister of Vietnam recently approved a National Microfinance Strategy with the objective to develop a safe and sustainable microfinance system in order to ensure social welfare and sustainable poverty eradication.

The Prime Minister of Vietnam recently approved a National Microfinance Strategy with the objective to develop a safe and sustainable microfinance system in order to ensure social welfare and sustainable poverty eradication. The key implementation solutions laid down in the strategy are: building a comprehensive legal framework to facilitate microfinance activities, improving the capacity of policy makers and MFIs, improving the monitoring capacity of the government and raising awareness on microfinance.

In order to ensure that the implementation solutions are achieved, the strategy also sets out a two stage implementation plan (from 2011 -2015 & 2015-2020) for key stakeholders such as the State Bank of Vietnam, Ministry of Finance, and the Provincial/municipal People’s committee.

(Source: Microfinance gateway)

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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

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Lending to business establishments owned by war invalids and handicapped persons 3,3%/year
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DEPOSIT INTEREST RATE
Term Deposit Rate
Overnight 3,04%/year
1 week 3,23%/year
2 week 3,5%/year
Others...