Updated: 2020-04-06 13:47:36

Proposal of reducing by 15% of lending interest rate for poor households

• Promotion of digital financial services to enable financial inclusion for the disadvantaged population in Vietnam
• VBSP DIGITAL TRANSFORMATION
• Promoting the effectiveness of social policy credit programs
• The effectiveness of VBSP’s loans in helping the poor escape from poverty
• Effectively promote policy capital
• Supporting young people for starting a business
• Nearly 485,000 households provided with social policy bank loans in Q1
• Newsletter Vol 4.2023
• Sustainable poverty reduction from policy credit
• Newsletter Vol 3.2023

Links ... Asia-Pacific Rural and Agricultural Credit Association Banking with the Poor Network Ministry of Finance Ministry of Labor, War Invalids and Social Welfare State Bank

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...