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Updated: 2017-10-21 11:03:22

Reviewing 15-year operation of VBSP’s provincial branch in 2002-2017

(VBSP News) On the morning of September 27th, Dak Lak Provincial People's Committee (PPC) held a conference to review the performance of Vietnam Bank for Social Policies – Dak Lak provincial branch (Branch) during the 2002 – 2017 period after 15 years of its operation.

Attending the conference, there were Mr. Dieu Kre - Member of the Party Central Committee, Standing Deputy Head of the Central Highlands Steering Committee; Mr. Eban Y Phu - Secretary of the Provincial Party Committee; Mr. Nguyen Thanh Hiep - Vice Chairman of the Provincial People's Council; Mr. Nguyen Hai Ninh - Alternate Member of the Party Central Committee, Standing Deputy Chairman of the PPC, Representatives Unit’s Head of the Branch’s Board of Directors; Mr. Y Thanh Ha Nie Kdam - Alternate Member of the Party Central Committee, Secretary of the Buon Ma Thuot City Party Committee; Mr. Y Dec H’Dok - Chairman of Dak Lak Provincial Vietnam Fatherland Front Committee, together with leaders of relevant departments, branches and localities.

Delegates are at the conference

The Branch was established under the Decision No. 57/QD-HDQT, dated February 14th, 2003 by the Chairperson of the Board of Directors of Vietnam Bank Social Policies.  After 15 years of operation, the Branch has a wide organization network with 01 provincial branch office, 14 district transaction offices and 183 commune transaction points (reaching 99.45% number of communes, wards and townships). Therefore, the Branch is gradually affirming its position and building trust inside the Party committees, authorities at all levels and the people as well as playing an important role in poverty reduction, ensuring social security and building new rural areasat the province.

Up to now, the Branch’s lending source has reached VND 3,976 billion, up 38 times higher than 2002, of which the funding from the Central State Budget reached VND 3,809 billion and entrusted capital from local state budget reached VND 167 billion.
From these sources, the Branch has disbursed VND 9,209 billion as loans to 748,573 beneficiaries; total loan outstanding balance are VND 3,860 billion (a rise of 58 times higher than 2002) with 158,249 active borrowers.

Up to now, the Branch has offerred several large loan programs such as providing loans to 390,555 turns of poor households with total amount of VND 4,012 billion; providing loans to 33,023 turns of near-poor households with total amount of VND 910 billion. Besides, 73,635 turns of disadvantaged students have got loans worth of VND1,453 billion and 81,364 turns of business households in difficult areas have got loans worth of 1,671 billion VND. 
At present, the Branch has implemented 15 guaranteed credit programs with the ratio of overdue debts down to 0.25% and charged-off debts down to 0,1%.

A representative of disadvantaged students speaks at the conference

Promoting the results achieved, in the coming time, the Branch will continue to step up capital mobilization, transfer annually over 20 VND billion from the local budget to loans, provide credit for 100% of the poor people and other policy beneficiaries, disburse more than 99% of the assigned outstanding loan plan, reduce overdue debts to below 0.2%, and strive to have 50% of communes in the area do not have overdue debts. 

Mr. Nguyen Hai Ninh - Alternate Member of the Party Central Committee, Standing Deputy Chairman of the PPC, Representatives Unit’s Head of the Branch’s Board of Directors

Speaking at the conference, Mr. Nguyen Hai Ninh - Alternate Member of the Party Central Committee, Standing Deputy Chairman of the PPC, Representatives Unit’s Head of the Branch’s Board of Directors acknowledged and praised the Branch’s achievements during the past time. The Branch should continue to coordinate effectively with the Party committees, the Government, administrative agencies at all levels and political and social organizations in the implementation of entrusted funds, he said. 

At the same time, Mr. Nguyen Hai Ninh requested the Branch to improve the performance of Savings and Credit Group and promote credit programs assigned by the Government. Besides, he said the Branch need to improve the steering and administration role of communal party committees and authorities for the VBSP’s operation as well as actively advises the party committees, local authorities and the Representative Units at all levels to effectively implement credit programs in the area. 

Awarding the PPC’s veil to the Branch

Presenting the PPC’s Certificates of Merit to collectives

On the occasion of the 15th anniversary of the VBSP establishment, the PPC presented a veil to the Branch and awarded Certificates of merit to 25 collectives and 35 individuals.  The VBSP also awarded Certificates of merit to nearly 100 collectives and individuals for their oustanding achievements in implementing the preferential credit policyfor the period 2002-2017 in the area.

Minh Hue



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