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Updated: 2024-04-12 10:57:27

Policy credit improves people's quality of life

In recent years, social policy credit has helped tens of thousands of households in Bac Lieu province have conditions to develop production and business models, positively contributing to poverty reduction, promoting people's economic development and ensuring local social security.


Thanks to the effective use of policy loans, Ms. Huynh Thuy Kieu's bread production facility (in Ward 1, Gia Rai town) increasingly expands its scale

It can be said that the loans for job creation of VBSP Gia Rai town has motivated Ms. Huynh Thuy Kieu’s family to invest more machines in making bread. Ms. Kieu said: "Previously, due to lack of investment capital, some steps had to be done manually, which was time-consuming and not efficient. Now, thanks to the loan from VBSP, my family has boldly purchased equipment. So, business performance has improved, each day we can produce 2,000 - 3,000 loaves of bread. Expanding production scale not only increases profits but it also creates regular jobs for 2 local workers".

Thanks to the effective use of preferential loans from VBSP, up to now, Ms. Dang Thi Ven's family's economy (in Nam Can hamlet, Hung Thanh commune, Vinh Loi district) has been getting better and better. Ms. Ven shared: “My family mainly works in the fields and cultivates fields. Even though we work hard, we still face many difficulties. By 2021, thanks to VND 40 million from VBSP Vinh Loi district, I had been able to improve farmland and raise cows. Recently, her herd of cow has developed to 12 units. My family's economy is no longer as difficult as before."

Recent times, VBSP Bac Lieu Branch has implemented many solutions to improve the quality of policy credit. By the end of 2023, the branch has been implementing 16 policy credit programs with the total outstanding debt of VND 3,057 billion for 95,393 active borrowers, an average outstanding debt of 32.1 million VND/customer.

VBSP Bac Lieu Branch also continue to implement solutions to improve credit quality, operational quality of the Savings and Credit Group and transaction points in the commune. Besides, VBSP promote communication of the Party's guidelines, policies and laws of the State on preferential credit policies for poor households and other policy beneficiaries. At the same time, VBSP improve the quality of inspection and supervision during lending process to promptly detect and solve problems.

Minh Luan



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