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Press Release

Updated: 2017-10-30 10:46:26

Inclusive finance help reduce poverty

(VBSP News) The Vietnam Bank for Social Policies (VBSP) reported that the bank has provided loans to over 31.8 million poor households and policy beneficiaries since 2002.

 Hộ nghèo ở thị xã Sa Đéc vay vốn ưu đãi trồng hoa kiểng

The poor in Sa Dec township, Dong Thap province borrow loan for planting bonsai

The funds helped nearly 4.5 million households escape from poverty, about 3.4 million labourers have jobs and 3.5 million students cover their study.

Capital from the bank has been used to build 9.9 million rural water supply and sanitation works, nearly 633,000 houses for the needy and over 11,000 storm shelters in the central region.

As of September 30, the VBSP’s total outstanding balance was VND169 trillion (US$7.43 billion), 24 times higher than that in 2002 when the bank was established, with growth of 19.2% each year.

Thanks to credits, poverty ratio dropped to 4.25% in 2015 from 22% in 2005.

The bank’s capital by the end of September was VND179 trillion (US$7.87 billion), 25 times higher than that in 2002, 15.6% of which was from the State budget.

Its overdue and charged-off debts fell to only 0.81% as of September 30.

The bank’s wide network and simple procedures have helped the poor access capital easily with low cost.

In the future, the VBSP aims to support all poor households and other needy customers nationwide, with a credit growth of 10% and overdue debts accounting for less than 2% - VNA




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