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Press Release

Updated: 2021-07-20 16:29:52

Nearly 1.3 million poor, near-poor households provided with VBSP’s loans

(VBSP News) Nearly 1.3 million poor and near-poor households had got access to loans from VBSP to cope with COVID-19 in the first half of this year.

Nearly 1.3 million poor and near-poor households had got access to loans from VBSP

Nearly 1.3 million poor and near-poor households had got access to loans from VBSP to cope with COVID-19 in the first half of this year.

VBSP General Director Duong Quyet Thang said the bank’s total credit loans stood at VND 247.34 trillion (10.3 billion USD), up VND 13.91 trillion from the previous year.

The bank granted loans worth VND 48.21 trillion (over 2 billion USD) in the first two quarters to serve production and business, improve people’s living standards, and deal with the impacts of the pandemic, contributing to poverty reduction, new-style rural area building and social welfare.

The loans have also helped to create jobs for nearly 249,000 labourers, including 1,600 guest workers, and provided support for over 16,000 students in difficult circumstances.

Up to 879,000 water supply and sanitation facilities, and 3,600 houses for social policy beneficiaries were also built with the loans./

en.vietnamplus.vn

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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
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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...