VISITORS
News & Events
Over 1.8 million deprived households access preferential loans
Government-enacted credit policies dedicated to impoverished families nationwide had given preferential loans worth over 38.4 trillion VND (1.71 billion USD) to more than 1.8 million needy households by the end of October, according to the Vietnam Bank for Social Policy (VBSP).
Under the programme, more than 1.77 million business households in disadvantaged areas received loans worth 37.4 trillion VND (1.66 billion USD).
Decision No.31/2007/QD-TTg regulates that the VBSP can provide businesses and productive households with a maximum loan of 30 million VND (1,335 USD) at a lending interest rate of 0.9 percent per month. However, based on funding resources, investment demand and the borrowers’ ability to repay, the VBSP can decide the specific loan size. But it should not exceed 100 million VND (4,450 USD).
Meanwhile, nearly 30,000 traders doing business in difficult areas were able to borrow over 1 trillion VND (44.5 million VND) from the VBSP. According to Decision No.92/2009/QD-TTg, individual customers with collateral can borrow up to 100 million VND (4,450 USD) while the number for business organizations is 500 million VND (22.250 USD).
The implementation of the Government’s credit policies in deprived areas has helped household businesses and organizations develop their production and business, making contributions to local socio-economic development.
VietnamPlus
- Dong Nai implements student loan programs for those pursuing studies in STEM fields
- Governor of the State Bank of Vietnam Nguyễn Thị Hồng was rated A+ by Global Finance
- Can Tho has started disbursing preferential loans to students in STEM fields
- Preferential STEM Credit - A Starting Point for Knowledge and Creativity
- VBSP offers preferential loans to students, master’s students, and doctoral candidates in science, technology, engineering, and mathematics (STEM) fields
- VBSP helping Lao Cai achieve sustainability
- VBSP Ky Son stands by locals with timely and compassionate support
- Son La enhances effectiveness of policy credit
- Vietnam’s Experience in Agricultural Development
- Maintain policy credit transaction points
- Poverty reduction policy credit benefits the poor in Central Highlands
- VBSP attended 66th APRACA EXCOM Meeting and Regional Workshop on Women Empowerment
- Nippon helps job generation for hundreds of people with disabilities
- Poor households, livestock raising and afforestation households can take preferential loans with interest rate of 1.2% / year
- The portfolio of VBSP reaches VND 147,196 billion
- Forest sector development project (FSDP) WB3: contribution to poverty reduction and environment
- 25 YEARS OF ESTABLISHMENT & DEVELOPMENT
- Dong Nai implements student loan programs for those pursuing studies in STEM fields
- Governor of the State Bank of Vietnam Nguyễn Thị Hồng was rated A+ by Global Finance
- Can Tho has started disbursing preferential loans to students in STEM fields
- Preferential STEM Credit - A Starting Point for Knowledge and Creativity
- VBSP offers preferential loans to students, master’s students, and doctoral candidates in science, technology, engineering, and mathematics (STEM) fields
- VBSP helping Lao Cai achieve sustainability
- VBSP Ky Son stands by locals with timely and compassionate support
- Son La enhances effectiveness of policy credit
- Vietnam’s Experience in Agricultural Development
LENDING INTEREST RATE
|
||||||||||||||||||||
DEPOSIT INTEREST RATE
|
||||||||||