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Updated: 2020-11-24 10:06:46

The General Director of VBSP working with Lao Cai Provincial Party secretary

(VBSP News) On 20/11/2020, in Lao Cai province, Mr. Duong Quyet Thang - General Director, member of the Board of Director and other members of the delegation of VBSP worked with Mr. Dang Xuan Phong - Lao Cai Provincial Party Secretary, Chairman of People’s Committee.

Mr. Dang Xuan Phong, Provincial Party secretary, Chairman of People’s Committee of Lao Cai province welcomed and worked with the delegation of VBSP.

On behalf of the delegation, Mr. Duong Quyet Thang, the general director of VBSP, congratulated to Lao Cai province on successfully organizing the 16th Provincial Party Congress, term 2020 - 2025. He highly appreciated efforts to implement special poverty reduction programs to make effective use of policy credit for poverty reduction in the locality of Lao Cai province.

On the other hand, Mr. Dang Xuan Phong also acknowledged the role of VBSP, which created opportunities for poor households and other policy beneficiaries in this area to access capital for production and business. Therefore, there are many effective programs, projects and credit sources, contributing to promoting the socio-economic development of the province.




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