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Updated: 2024-08-20 11:40:33

Prime Minister hails social policy credit’s role in poverty reduction

Social policy credit has been a “highlight”, and a “pillar” in the system of policies aimed at alleviating poverty and ensuring social security, meeting the desire of the people, particularly impoverished and disadvantaged groups, over the past decade, Prime Minister Phạm Minh Chính said at the teleconference to review 10 years carrying out Directive No. 40-CT/TW of the 11th Party Central Committee’s Secretariat on enhancing the Party’s leadership over social policy credit last August 14th in Hanoi.

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LENDING INTEREST RATE

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
Students
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
Others...

DEPOSIT INTEREST RATE

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