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Updated: 2024-02-19 09:47:13

The capital entrusted to VBSP has exceeded the year’s plan

Some branches of VBSP in provinces and cities received high entrusted capital such as: Hanoi City with VND 7,926 billion, Ho Chi Minh City VND 7,250 billion, Da Nang City VND 2,150 billion, Ba Ria - Vung Tau VND 1,789 billion, Binh Duong VND 1,942 billion, etc.


Social policy credit helps poor households in Hung Yen grow ornamental flowers to sell during the Lunar New Year

Till now, the entrusted capital from local budgets to VBSP to lend for policy credit programs has reached over VND 5,000 billion, completing over 100% of the plan in 2024.

After more than 9 years of implementing Directive No. 40-CT/TW of the Party Central Committee Secretariat on strengthening the Party's leadership over social policy credit, provinces and cities nationwide have prioritized and focused on spending more than VND 40,000 billion from the local budget entrusted to VBSP for poverty reduction and social security. In particular, a number of provincial branches of VBSP have received high levels of trust capital from localities since the implementation of Directive No. 40 such as: Hanoi City with VND 7,926 billion, Ho Chi Minh City VND 7,250 billion, Da Nang City VND 2,150 billion, Binh Duong VND 1,942 billion, Ba Ria - Vung Tau VND 1,789 billion, Dong Nai VND 1,392 billion, etc.

As of December 31, 2023, the country's total policy credit has reached over VND 346,000 billion. This is the basis for VBSP to lend to over 2.2 million poor households, near-poor households and other policy beneficiaries with a total system-wide loan turnover of VND 108,044 billion. By the end of 2023, total policy credit outstanding has reached nearly VND 332,000 billion with 6.8 million active borrowers.

Debt quality continues to remain stable. The rate of overdue debt and frozen debt accounts for 0.57% of the total outstanding debt; in which, overdue debt accounts for 0.16%, frozen debt accounts for 0.41%.

Policy capital has been supporting investment in production and business, creating jobs for over 790,000 workers, including nearly 8,600 workers working abroad for a limited time and nearly 2,600 people having

just complete their prison sentence. The capital source has also given opportunities for nearly 97,000 disadvantaged students of schooling; disbursed loans to more than 4,000 households to buy computers and online learning equipment for students; built over 1.4 million works of rural safe water and sanitation; built 1,383 houses for poor households, more than 15,000 social houses for low-income groups...

This is the premise for the bank to achieve the goals assigned by the Government in 2024, and further, to successfully implement the VBSP development strategy until 2030: ensure that 100% of the poor and other eligible policy beneficiaries have access to products and financial services provided by VBSP; becoming a key tool of the Party and Government in sustainable poverty reduction and new rural construction.

Previously, at the Conference to deploy tasks in 2024, Duong Quyet Thang, General Director of VBSP, requested the entire system to continue advising the Government, Ministries, Departments, Party Committees, and local authorities at all levels, prioritize the arrangement of additional local budget capital entrusted to VBSP to lend to the poor and other policy beneficiaries, contributing to the effective implementation of national target programs, implementing well the tasks and solutions in the VBSP Development Strategy until 2030.

In addition, the General Director also requested to focus on implementing the 2024 credit growth plan as soon as assigned by the Prime Minister; constantly consolidate and improve policy credit quality; focus on implementing digital transformation and implementing key projects to provide comprehensive financial services to customers of VBSP.

Viet Hai



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