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Updated: 2023-02-10 08:45:46

Prioritizing capital for the poor

(VBSP News) Reviewing needs, promoting capital disbursement, etc. are solutions that the VBSP branch in Dak Nong province is implementing to help people, especially poor and near-poor households in the province so that they can have opportunity to receive preferential capital.

Many poor households in Dak Nong province get loans from VBSP to invest in agricultural production

Prioritize capital for poor households

By the end of January 2023, the total outstanding loans of policy credit programs at the branch reached nearly VND 3,700 billion. In which, the outstanding loan program for the poor and near-poor households is more than VND 1,100 billion. The province has more than 20,550 active customers.

In 2023, the branch will continue to expand capital sources for poor households and other policy beneficiaries, especially poor and near-poor households programs. Beside the central allocation, the branch has requested the districts and cities to transfer the local budget to supplement the loan.

VBSP focuses on voting, approving production and business plans, guiding the use of capital, promoting the simplification of lending procedures.

During the implementation process, the branch actively cooperates with socio-political organizations to receive entrustment, the Management Board of Savings and Credit Groups to directly help and support people to complete the loan procedures. Communal transaction activities are maintained, which is improved on the quality to reduce costs and time for people in the transaction process.

Widen the risk margin

At the meeting of the Board of Directors at the end of 2022, Standing Vice Chairman of Dak Nong Provincial People's Committee Le Van Chien said that in 2023, districts, cities, and VBSP has joined together to create opportunities for target customers to receive preferential loans. In 2023, the capital must be promptly transferred for poor households that do not have access to capital.

As for the districts and the cities review the poor in the area who have not yet received loans in the spirit of honesty and objectivity. The branch will continue to coordinate with entrusted socio-political organizations at all levels with effective management of preferential capital sources, promptly meeting the borrowing needs of beneficiaries in each locality. Mass organizations continue to propagate and mobilize people to understand the guidelines and policies of the Party and State. At the same time, consulting, guiding and accompanying members to make good use of preferential loans.

For members of the representative BOD of VBSP, it is necessary to strengthen inspection and supervision down to the grassroots. It is also necessary to create all conditions for people, widen risk margin so that people have more opportunities to borrow capital. It is possible to accept a high rate of bad debt to increase the number of borrowers, with the goal of not letting the poor have needs without being able to borrow capital.




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