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Updated: 2023-04-27 14:38:41

Promoting the effectiveness of social policy credit programs

(VBSP News) On the afternoon of April 24, in Cao Lanh city, the Standing Board of the Fatherland Front Committee of Dong Thap province and the VBSP branch in Dong Thap signed a cooperation program to propagate and disseminate the policies and guidelines of the Party, the State's policies and laws on social policy credit.

VBSP branch in Dong Thap Province and Provincial Fatherland Front Committee signed a cooperation program

The cooperation plan of two units in order to specialize the tasks and solutions to implement the Coordination Program No. 10/CTrPH-MTTW-NHCS dated December 23, 2022 between the Standing Board of the Central Committee of the Vietnam Fatherland Front South and VBSP; propagating and disseminating the guidelines of the Party, policies and laws of the State on credit, social policies, about the movement "For the poor - Don’t leave anyone behind", activities of Fund "For the Poor" at all levels; the implementation of social policy credit result, the operation of the VBSP branch in Dong Thap province.

Through the coordination plan: mobilizing resources for the "For the Poor" Fund of the province and supplement capital for the VBSP provincial branch to implement policy credit programs, contributing to the goal of sustainable poverty reduction, building new countryside and ensuring social security in the locality along with strengthening the role and effectiveness of supervision and social criticism of the Fatherland Front at all levels and socio-political organizations at the same level for social policy credit activities, implementation of policies on sustainable poverty reduction, new rural construction, and social security assurance.

At the conference, Mr. Le Thanh Cong - Member of the Standing Committee of the Provincial Party Committee, Head of the Provincial Party Committee's Mass Mobilization Department, Secretary of the Party Union, Chairman of the Provincial Vietnam Fatherland Front Committee highly appreciated the the coordination plan of the two units. At the same time, it is emphasized that social policy credit is highly humane, has practical significance for many disadvantaged groups, and helps many disadvantaged people to have housing, jobs, continue to study and rise in life. The cooperation program has concretized the contents for socio-political organizations to increase propaganda and implement credit policies to ensure the right purpose, efficiency, minimize bad debt, and supervising the implementation. The Chairman of the Vietnam Fatherland Front Committee of the province proposed VBSP to increase the capital mobilization channel to entrust loans, expand the borrowers, and promote the policy credit effectiveness.

Mr. Doan Tan Buu - Vice Chairman of Provincial People's Committee cum Head of Representative Board of VBSP branch in Dong Thap province said: The implementation of the preferential credit policy for the poor and other policy beneficiaries has solved the basic and essential problems and helped hundreds of thousands of poor households and other policy beneficiaries get loans to to develop production and business, create livelihood, increase income, stabilize life.

In order to effectively implement the coordination program, the Vice Chairman of the Provincial People's Committee requested that the two units closely follow the tasks in the program, concretizing each task in accordance with the practical situation in the province.





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