Tiếng việt
Stay Connected:

Client success stories

Updated: 2016-03-09 17:00:36

Release from poverty through purple onion

Heading to Huynh Ky hamlet, Vinh Hai commune, Vinh Chau district, Soc Trang province, asking any one about the home address of Trieu Minh Dung, an old war veteran, it is easy because he is known by everyone. Thanks to his self-effort and VBSP loans he has made a career on this hard land.


                             Purple onion bring high economic value for people in

                                   Vinh Hai commune, Vinh Chau (Soc Trang)

Dung confided that the most significant turning point in his life is to borrow 15 million Vietnamese dongs from the Vinh Chau district transaction office of VBSP to plant purple onion. In the early years of the 21st century, when coming to the Vinh Chau town at any chance, many farmers plant purple onion for export, he bravely learns experiences, borrows bank loans and invest to improve garden land for planting. Two of his purple onion fields reach high yield by taking good care and applying scientific and technologic advances into cultivation. The proceeds from the onion harvest crops gave him an opportunity to escape from poverty and continue to invest for expanding production.

In 2004, thanks to the concern of local authorities and District Veteran Association in the movement of economic restructuring in rural areas, Dung attended a training class on technical transfer of raising lobsters. After training finished, he was facilitated by VBSP to borrow 50 million dongs for investment and renovation of 300 m2 of feeding lobsters. After nearly a caring year, he obtained more than one ton of shrimp sold in the market worth 120 million dongs, excluding expenses he got a profit of 55 million dongs.

Success after success, his family economy is increasingly prosperous with food and savings. Moreover, Dung also grows special fruits such as orange, mango, green skin grapefruit etc. Taking advantage of the coastal sandy area, he has raised eels and prawn variety that brings about profits from 40 to 50 million dongs per year. Dung emotionally said, "the State has saved my family from the most difficult time."

Not only using VBSP loans for doing business well, Dung is also a war veteran who always cares and helps his companion and poor households in the village and hamlet such as employment creation for many local workers with incomes from 2 - 2.5 million dongs per month and consumption of products for villagers. He deserves to be a typical farmer for everyone to learn and follow.

                                                                                           Du Duong



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