VISITORS
Press Release
Press Release: Increase the loan size – Create more job opportunities for the youth
The Central Ho Chi Minh Communist Youth Union has just issued the Regulations to utilize the fund managed by the Youth Union in the National Revolving Fund for Job Creation, in sub-sequence to Decree 61/2015/ND-CP dated 09 July 2015 of the Government on supporting policies for job creation of the National Revolving Fund for Job Creation and the Regulations of VBSP on policy credit for job creation and retention.
VBSP creates more job opportunities for the youth
Accordingly the production and business units owned by members of the Youth Union is the target of policy credit under the fund managed by the Youth Union.
The maximum loan size is VND 1 billion (replacing the earlier size of VND 50 million) for the production and business unit and VND 50 million (replacing the earlier size of VND 20 million) for one job created.
The interest rate is equal to the rate of lending to the poor, which is decided by the Prime Minister periodically (the prevailing rate is 0.55% per month). If at least 30% employees at the production and business unit are PWDs or/and ethnic people, 50% of prevailing interest rate is applied.
The maximum loan term is 60 months. Those which are the loans of VND 50 million and above are required to follow the loan security procedure under the regulations.
VBSP will collaborate with the Youth Union to receive and appraise the project in the aspects of number of jobs created and funding reservation and submit to the relevant agencies for approval.
It is reported that the total outstanding loans of job creation lending from the fund managed by the Youth Union reached VND 60 billion as of 31 January 2016, with 1,473 active borrowers and 959 projects (including 300 projects of the production and business units).
- Annual Report 2023
- The VBSP’s Board of Directors (BOD) held its regular meeting for the fourth quarter of 2024
- Annual Report 2022
- VBSP implements tasks for the year 2025
- Credit policies under Decision 22 for ex-prisoners to rebuild lives in Ha Nam
- Households in disadvantaged areas can borrow up to VND 100 million for business and production.
- VBSP's Trade Union worked with the Korean Finance Union delegation
- Promotion of digital financial services to enable financial inclusion for the disadvantaged population in Vietnam
- Nearly 485,000 households provided with social policy bank loans in Q1
- Newsletter Vol 4.2023
- Press Release: VBSP's credit - 13 years accompanying with the poor
- Press Release: Expectations from the lending program for social housing under Decree 100 of the Government
- Press Release: In 2016, VBSP continues providing loans for poor ethnic minority households
- Loan limit for disadvantaged students increased
- Press Release: Responsible finance to ethnic minority households - Difficulties and challenges
- Press Release: Inclusive finance in disadvantaged regions- recommendations from the community
- Press Release: Nearly 148,000 ethnic minority families have access to preferential loans
- Press Release: Poor households, livestock raising and afforestation households can take preferential loans with interest rate of 1.2% / year
- Press Release: VBSP accompanies with Cap La Yeu Thuong (Pairs of Leaves for Caring)
- Press Release: The 20th anniversary of founding the Bank for the poor - the predecessor of Vietnam Bank for Social Policies (31/8/1995 – 31/8/2015)
- The Financial Awareness Program: "Understand to Avoid Being Deceived"
- VBSP successfully implements Digital Education Program - Go Digital ASEAN for the vulnerable groups in Vietnam
- New opportunities for individuals completing their prison sentences
- Bringing a Warm Spring to the Poor
- Annual Report 2023
- The VBSP’s Board of Directors (BOD) held its regular meeting for the fourth quarter of 2024
- Annual Report 2022
- VBSP implements tasks for the year 2025
- The effectiveness of the job creation lending program
- The year 2024: VBSP achieves many outstanding achievements
LENDING INTEREST RATE
|
||||||||||||||||||||
DEPOSIT INTEREST RATE
|
||||||||||