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Press Release

Updated: 2021-12-09 08:56:35

Supporting pandemic-hit poor households with VBSP’s loans

(VBSP News) The COVID-19 pandemic has turned many people’s lives upside down. For the poor, their already-difficult circumstances have become even more worrisome. In the central province of Nghe An, the local branch of VBSP stepped up disbursement from the Unemployment Insurance Fund to help the poor overcome their difficulties and restore production.

As a near-poor household, when COVID-19 broke out, the life of Nguyen Van Tue from Cam Son commune in Anh Son district, Nghe An province, became even more difficult. He and his wife, who were self-employed, now don’t have a job. Fortunately, he received support from VBSP Nghe An Branch, with a loan of VND 90 million. He used the funds to buy four buffaloes and developed a farming model to create a long-term livelihood.

The COVID-19 pandemic has resulted in thousands of jobless workers returning to their hometowns. Nghe An saw the return of nearly 100,000 workers, most of whom are members of poor or near-poor households.

From May to September 2021, VBSP Nghe An Branch, disbursed nearly VND 800 billion to more than 19,000 poor households and other beneficiaries.

According to the plan, from now to the end of the year, VBSP Nghe An Branch, will disburse a further VND 150 billion to support poor and near-poor households at risk during the COVID-19 pandemic./.





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