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Press Release

Updated: 2021-03-02 14:13:12

The Final Diagnostic Report on VBSP

(VBSP News) Within the Vietnam Financial Inclusion Support Framework (FISF), Project P162223, World Bank made the Final Diagnostic Report on VBSP. This report was prepared with resources of the FISF Trust Fund with funding from the Netherlands and the Bill and Melinda Gates Foundation. Basically, World Bank made a comprehensive and accurate assessment of the performance of VBSP in recent years.

The report summarizes the 2018 World Bank diagnostic of VBSP requested by the Ministry of Finance and VBSP.  This report reviews VBSP’s performance to date with respect to the goals set out for this public financial institution its 2011-2020 strategy and provides options for VBSP going forward, with the goal of informing the new strategy for VBSP.

VBSP, a state-owned development bank, is an important source of financial services in Vietnam, particularly in rural areas.  Its 6.7 million Vietnamese at the end of 2018 means that not only is it the largest provider of microfinance services in Vietnam, it is also one of the largest providers of microfinance in Asia.

The purpose of this report is to review the performance of VBSP as a public financial institution and to assess the implementation of its model of a development bank evolving toward market-orientation in accordance with the World Bank’s scope of work with the VBSP and the Ministry of Finance. The goal of the market-oriented development bank model is to help VBSP sustainably respond to the changing needs of its clientele as per the directions outlined in its Development Strategy in the period of 2011 - 2020 and in Decision No. 1726/QD-TTg approving the Proposal for Expanding Access to Banking Services for the Economy in September 2016.  With review of VBSP’s performance to date and options for VBSP going forward, this report has been designed to provide independent inputs to the new strategy for VBSP.

The report is published on the World Bank's website in order to promote the sharing and knowledge exchange with state-owned financial institutions across the globe. Visit the link to see the full report. 




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