Press Release
Press Release: Need more funding for job generation
The preferential credit of VBSP in the Job Creation Program has supported many rural households in Vietnam to expand business and production, generate more jobs, stabilize incomes and step by step improve likelihood. To ensure the sustainability for this program, VBSP expects to technical and financing assistance from domestic and international organizations or individuals.
The VBSP’s preferential credit has attracted and created jobs for around 3 million employees
As of 31st March 2016, total portfolio for job creation reaches VND 6,858 billion, attracting and creating jobs for around 3 million employees. According to the statistic report, this program has helped millions of labors have stable employment; hundreds of thousands of households have developed business and production effectively and efficiently as well as generated thousands of business & production models, contributing to the socio-economic development.
In many rural areas, in addition to the main job of farming, farmers have more part-time jobs right in their hometown thanks to the VBSP’s credit program.
We had a chance to visit one private handicraft business which is a successful customer in loan utilization in Tay An, Tien Hai district (Thai Binh province) - Manager Pham Thi Ngan said: “I have decided to choose sedge production for generating jobs for villagers and preserving traditional handicrafts”.
Starting business since 1996 but up to 2003, her business has developed well thanks to borrowing loans from VBSP. “In the past, I went to offer products by old bike. Due to lack of funds, it was difficult to expand production”, Ngan reminded. Fortunately, VBSP helped her to borrow VND 50 million from the job creation program. Using the loan effectively, then she continued to propose VBSP to lend VND 400 million to expand business and production.
She focused on improving product quality and sample diversification as well as persistently seeking the stable market to export products to Japan, USA, France and China. Up to now, she has created stable jobs for 20 employees with average VND 3 million/head/month directly and around 7,000 employees indirectly with maximally VND 2 million/head/month.
We also visited an agricultural business of Do Trung Thanh who is another successful customer from VBSP’s loan utilization in hamlet 3, Nhan Khang commune, Ly Nhan district (Ha Nam province).
3 years ago, Thanh borrowed VND 20 million from VBSP to buy materials and new seeds for mushroom production. So far, he has had 5 house blocks with 5,000 bags of mushrooms. Besides, he planted such fruit trees as grapefruit, guava and pink banana. Thanks to the loan and hardworking, he created total annual incomes from his farm reaches hundreds of millions dongs, creating regular jobs for 6 labors.
In other words, the job creation credit of VBSP has contributed to preserving traditional handicrafts, supporting loans for small business and households to expand production, generating jobs for many labors, especially for women, people with disability. The job creation program has contributed to decrease in the unemployment rate, income growth and improve lives for rural areas.
VBSP News
- 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: Address the aftermath of unexplained death of fisheries and seafood
- Press Release: VBSP support water supply and rural sanitation for community health
- Press Release: More supports needed for higher effectiveness of lending to migrant workers
- Press Release: Social security policies - Role of National Assembly
- Press Release: VBSP contributes for poverty reduction and social security in Vietnam
- Press Release: Increase the loan size – Create more job opportunities for the youth
- 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

- Social policies bank asked to diversify capital sources to best serve the poor
- Deputy Prime Minister Ho Duc Phoc chairs a working session with VBSP
- Policy credit helps poor households eliminate temporary and dilapidated houses
- Policy credit contributes to sustainable poverty reduction
- Effectiveness of Loan Capital for Formerly Incarcerated Individuals
- Eliminating temporary and dilapidated houses with policy credit funds
- Policy credit supports ethnic minority youth in starting businesses
- Effectiveness of Policy Credit in Nghia Hanh District
- Women play an important role in growth of Vietnam's banking sector
- Ex-prisoners stabilize their lives thanks to policy credit
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