NAYOBY BANK (THE POLICY BANK OF LAOS PDR) VISITS VBSP AND SIGNED THE MOU OF COOPERATION

(VBSP News) From 21 to 25 June, 2010, a delegation led by Mr. Baulong XayaVong, General Director of the Policy Bank of Laos (NBB) has paid a visit to Vietnam Bank for Social Policies for exchanging experiences in policy credit and signing the MOU of cooperation between the two banks. 

VBSP delegates then visit NBB branches in Laung prabang and Xiengkhuang

NBB is a bank operating in microfinance in Laos PDR. The bank is also a non-profit organization with the task of giving credit for aiming at poverty alleviation in poorest districts of Laos. Their customers are mainly in agriculture, forestation and manual industries.

The delegation paid a visit to Quang Ninh branch of VBSP. Here, they had taken part in a commune transaction session of VBSP, met with VBSP’s customer which brought them useful experiences for policy credit activities of NBB

On 24^th June, at VBSP headquarters, NBB and VBSP signed the Memorandum of Understanding for mutual cooperation focusing on experiences exchange, training, human resource development and legal regulations on organization and operation of VBSP, particularly in preferential credit policies to the poor and other policy beneficiaries. Implementation of the MOU like training, study visit will be upon further agreement for each period.

From 27^th March to 2^nd April 2011, General Director- Dr. Ha Thi Hanh and other senior managers of VBSP has paid a visit to the Policy Bank of Laos PDR (NBB) after the two banks signed the cooperation MOU in 2010.

The VBSP delegates has met with Governor of the Central Bank of Laos in Vientiane, made brief report to the Governor on operation of VBSP and cooperation of the two banks.

VBSP and NBB signed the Cooperation plan for the stage from 2011-2015. According to the Plan, each year VBSP and NBB will exchange 2-3 study visits focusing on credit policies, IT solutions and banking management.

The VBSP delegates then visit NBB branches in Laung prabang and Xiengkhuang to understand NBB policy credit operation for further experiences exchange.

NAYOBY BANK STUDY VISIT TO VBSP FROM 23/5-1/6/2011

In implementing the Cooperation Plan 2011-2015, NBB has sent a delegation to VBSP from 23-5 to 1/6/2011 for a study visit on VBSP’s operation.

The delegates comprises 17 people, in which two are Deputy General Director of NBB and others are head or vice head of functioning departments or branches.

After one day working at the headquarters, the delegation separated into two groups, one head for the North and one for the South of Vietnam. The purpose is for NBB to get experiences from credit operation in mountainous areas of the North and river delta of the South. The trips were successful, NBB staff had chances to access banking operation of VBSP, looking at policy implementation of VBSP in various preferential credit programs which are said to be very useful to apply in NBB.

                                         NBB pays a visit to VBSP Headquarters 

  The working session of NBB in VBSP Headquarters

 NBB paid field visit to Dong Son Transaction office in Quang Ninh