News & Events
Some results achieved: Best practice from VBSP
(VBSP News) The VBSP is the state-owned policy bank that provides preferential credit to the poor and other last-mile populations. It was originally established as the VBP (Vietnam Bank for the Poor) in 1995, in order to provide low-interest credit without collateral to poor households.
The standard of “poor households” that can obtain the VBSP’s loans is regulated from time to time by the government under the national multi-dimensional poverty standard issued by the Ministry of Labor, Invalids and Social Affairs.
VBSP is a policy bank established by the Vietnam Government in 2002 to provide financial products and services for the poor and other disadvantaged groups for non-profit purpose. The mission is aimed at sustainable poverty alleviation, job creation, combat climate change, water and environment sanitation, gender equality, disability inclusion and social security.
VBSP is the only entity in Vietnam establishing the operation network covering to the grassroot level with 63 city, provincial branches, 631 district transaction offices, around 11,000 transaction points at commune, ward and town; nearly 200,000 savings & credit groups at village and hamlet.
Process of delivering policy credit to the poor and other disadvantaged groups
VBSP is currently extending financial services for around 7 million household customers (out of which 3.5 million is women) who are the poor, disadvantaged students, ethnic minority, persons with disabilities, business households, merchants in disadvantaged areas, microenterprises, SMEs, HIV carriers, rehabilitated drug addicts and reformed prostitutes etc. As of June 30, 2020, total assets of VBSP is more than USD 10 billion; total loan portfolio reaches over USD 9 billion, of which outstanding loans to agriculture and rural areas reached over USD 8 billion, accounting for approximately 94%. The overdue debt and frozen debt rate is 0.75%, reducing by 13% compared with the time point of its establishment.
vbsp.org.vn
- Deputy Prime Minister Ho Duc Phoc chairs a working session with VBSP
- Policy credit helps poor households eliminate temporary and dilapidated houses
- Policy credit contributes to sustainable poverty reduction
- Effectiveness of Loan Capital for Formerly Incarcerated Individuals
- Eliminating temporary and dilapidated houses with policy credit funds
- Policy credit supports ethnic minority youth in starting businesses
- Effectiveness of Policy Credit in Nghia Hanh District
- Women play an important role in growth of Vietnam's banking sector
- Ex-prisoners stabilize their lives thanks to policy credit
- Study Tour of Bankers Institute of Rural Development (BIRD) to the Vietnam Bank for Social Policies (VBSP)
- VBSP General Director worked with Ambassador Extraordinary and Plenipotentiary of the Republic of Cuba in Vietnam
- Ensuring preferential funding for disadvantaged students
- Financial literacy app for the poor, women, low income, MSMEs and other last-mile populations
- Participation of local authorities in VBSP's activities
- "Midwife" for young people to get rich
- Savings and credit group model: Best practice from VBSP
- Providing rural financial services for the poor: Best practice from VBSP
- Accelerating access to financial services for the poor: Best practice from VBSP
- Newsletter Vol 25
- Newsletter Vol 24

- Social policies bank asked to diversify capital sources to best serve the poor
- Deputy Prime Minister Ho Duc Phoc chairs a working session with VBSP
- Policy credit helps poor households eliminate temporary and dilapidated houses
- Policy credit contributes to sustainable poverty reduction
- Effectiveness of Loan Capital for Formerly Incarcerated Individuals
- Eliminating temporary and dilapidated houses with policy credit funds
- Policy credit supports ethnic minority youth in starting businesses
- Effectiveness of Policy Credit in Nghia Hanh District
- Women play an important role in growth of Vietnam's banking sector
- Ex-prisoners stabilize their lives thanks to policy credit
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