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Press Release

Updated: 2023-04-24 16:18:16

Nearly 485,000 households provided with social policy bank loans in Q1

(VBSP News) 485,000 poor and near-poor households gained access to loans from the Vietnam Bank for Social Policies (VBSP), worth about VND 21.86 trillion (932.17 million USD) in total, in the first three months of this year.

Nearly 485,000 households provided with social policy bank loans in Q1

As of March 31, 2023, its total outstanding loans reached VND 291.75 trillion, up VND 8.4 trillion from 2022, benefiting more than 6.58 million households and social policy beneficiaries.

The loans helped to create jobs for more than 129,000 laborers, including 1,917 guest workers, and provided support for over 17,000 disadvantaged students. They were also used to build more than 352,000 water and sanitation facilities in rural areas, and thousands of houses.

As of March 2023, localities earmarked more than VND 34.2 trillion from its budgets as loans to the poor and other social policy beneficiaries.

en.nhandan.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...