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Updated: 2023-11-17 15:39:00

Part III - Continue to improve the quality of policy credit

During 21 years of making efforts with 21 policy credit programs, Bac Kan branch has played an important role in reducing poverty sustainably and helping ethnic minorities overcome poverty and enrich themselves.


VBSP staff in Ba Be district carries out procedures to disburse loans to people

VBSP concentrated resources on directing branches to well implement social policy credit programs in each period; channel credit products and services more and more effectively to the poor and other policy beneficiaries in the area.


Popularizing preferential credit to people at Lung Noong Savings and Loan Group, Nam Cuong commune, Cho Don district

In addition, VBSP effectively integrated policy credit activities with technical assistance, transferred technology, promoted agricultures and forestry extension to reduce poverty rapidly and sustainably, ensure securities. Supervision was also strengthened by VBSP and entrusted mass organizations to ensure quality of products and services.

Moreover, digital transformation and digital banking application on mobile phones (VBSP SmartBanking) were promoted to all customers of VBSP in the province.

Mr. Hoang Duy Chinh - Member of the Party Central Committee said: “The organization effectively implement policy credit programs, which making important contributions to sustainable poverty reduction, building new rural areas, ensuring social security, creating jobs, limiting "black credit". The Government's preferential credit capital is truly a tool to promote local socio-economic development, contributing to the goals of economic restructuring and expansion of OCOP products and services to increase income for people in the province.


Policy credit has helped over 52,000 households in Bac Kan province escaping poverty

With the motto "Let no one be left behind", in the coming time, VBSP Bac Kan Branch will continue to coordinate with relevant departments, branches, local authorities, and mass organizations to review eligible subjects and provide loans promptly.




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


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


Term Deposit Rate
Overnight 3,04%/year
1 week 3,23%/year
2 week 3,5%/year