Transactions at the Vietnam Bank for Social Policies (Photo: VNA)
VISITORS
News & Events
Updated: 2018-07-24 09:46:35
Outstanding balance grows 5.8 percent in first half: Vietnam Bank for Social Policies
(VBSP News) As of June 30, Vietnam Bank for Social Policies (VBSP) posted its outstanding balance for the first half of the year at the total of more than 181.76 trillion VND (7.9 billion USD), up 5.8 percent compared to the same period last year.
The rate of overdue and charge-off debts made up 0.81 percent of the total outstanding balance.
Meanwhile, the VBSP’s outstanding balance for credit programmes assigned by the Prime Minister exceeded 160.83 trillion VND (6.99 billion USD), meeting 67 percent of the yearly plan.
The total credit for social welfare reached 189.105 trillion VND (8.32 billion USD) over the period, an annual increase of 7.8 percent.
The credit helped nearly 137,000 people secure jobs and almost 10,000 disadvantaged students pursue their study. It also contributed to the construction of close to 840,000 clean water and sanitation facilities in rural areas, as well as over 14,600 houses for poor families.
The VBSP said it has followed the directions of the Government and State Bank of Vietnam, and worked closely with relevant agencies and sectors to complete its assignment.
Established in 2012, the VBSP is a non-profit bank offering full range of financial services to the poor at preferential terms and subsidised rates.
VNA
LEARN MORE:
- Enhance training on Cyber Safety and Security for VBSP’s customers
- Providing Career Opportunities for Ex-servicemen
- Hanoi allocates VND 6,000 billion (approximately USD 240 million) for entrustment through VBSP
- Effectiveness of Policy Credit in the Highland Areas
- Over 120,000 Poor Households in Tay Ninh Have Been Able to Timely Access to Preferential Credit
- VBSP's Progress Report - Quarter 1/2025
- Hai Duong Farmers Change Their Lives Thanks to Preferential Credit
- VBSP Nam Dan District: Empowering Progress in the New Era
- Bringing Inclusive Fund to Remote Areas: Stories of Dedication
- Contribute to improving the lives of policy beneficiaries and low-income workers
- VBSP helps ethnic minorities in Lam Dong reduce poverty
- Boost the poor access inclusuve finance to improve livelihood
- Micro-savings for the poor
- Improve livelihood for poor ethnic minority people
- Policy credit to motivate rural people to use clean water
- Policy credit for sustainable livelihoods for ethnic minority people in Gia Lai province
- Bring happiness to the poor in the Northwest
- Vietnam Bank for Social Policies - the largest bank in terms of access points in Vietnam
- Experiences and knowledge exchange on housing finance
- Social housing credit package of VND1 trillion to be launched in 2018
- Enhance training on Cyber Safety and Security for VBSP’s customers
- Providing Career Opportunities for Ex-servicemen
- Diversifying inclusive funds to poor households
- Hanoi allocates VND 6,000 billion (approximately USD 240 million) for entrustment through VBSP
- Effectiveness of Policy Credit in the Highland Areas
- Over 120,000 Poor Households in Tay Ninh Have Been Able to Timely Access to Preferential Credit
- VBSP's Progress Report - Quarter 1/2025
- Hai Duong Farmers Change Their Lives Thanks to Preferential Credit
- VBSP Nam Dan District: Empowering Progress in the New Era
- Bringing Inclusive Fund to Remote Areas: Stories of Dedication
LENDING INTEREST RATE
|
||||||||||||||||||||
DEPOSIT INTEREST RATE
|
||||||||||