The VBSP was established on October 4, 2002 to implement financial inclusion targeting disadvantaged groups. Over the past 15 years, its soft loans have helped more than 4.5 million families escape from poverty; created jobs for 3.5 million people, including 111,000 overseas guest workers; and enabled over 3.5 million poor students to continue education.
The bank has also funded the construction of approximately 10 million rural clean water and environment treatment facilities; 520,000 houses for poor people and welfare policy beneficiaries and about 116,000 storm and flood-resistant houses, mostly in the Mekong Delta.
By the end of August, the bank’s total outstanding loans stood at an estimated 167 trillion VND (7.34 billion USD) with bad debts accounting for only 0.43 percent.
Deputy Governor of the State Bank of Vietnam Dao Minh Tu said the VBSP has contributed to preventing predatory lending practices in rural areas, encouraging the poor to save money for their future and implementing the national target programme on sustainable poverty reduction.
The percentage of poor households across the country declined from 11.8 percent in 2010 to 4.25 percent in 2015.
VISITORS
News & Events
Updated: 2017-09-29 08:36:53
Thirty million people access inclusive finance over past 15 years
(VBSP News) Over 30 million poor households and other vulnerable groups have accessed soft loans from the Vietnam Bank for Social Policies (VBSP) as of the end of August 2017.
The poor receive loans from VBSP POS at commune
LEARN MORE:
- Preferential credit empowers Gia Nghia residents to get out of poverty
- The Bank of the Lao PDR visits and works with the Vietnam Bank for Social Policies (VBSP)
- Maximizing the Effectiveness of Policy Credit in Thai Nguyen (Final Part: The Pillar of Sustainable Poverty Reduction)
- Maximizing the Effectiveness of Policy Credit in Thai Nguyen (Part 1: Guided by the Party)
- Getting out of Poverty and Building Wealth with Preferential Loans
- The Cuban Central Bank President visits and works with the Vietnam Bank for Social Policy
- The opportunity for individuals who have completed their prison sentences
- Summary of the Digital Education Program for Vulnerable Groups in Vietnam
- Part 4 - Belief and Aspiration
- Part 3 - The Journey of Spreading Love
- Success from making local dairy products
- Over 30 million underprivileged households access inclusive finance
- Nearly 132,000 Gia Lai households escape poverty
- VBSP contributes positively to the implementation of National targeted programs for sustainable poverty reduction
- CEO of Vietnam Bank for Social Policies meeting with JFC-Micro Delegation from Japan
- Escaping from poverty with small loan
- Case study: Experiences in managing microfinance from VBSP is extremely valuable
- The poor in ethnic minority and mountainous areas entitled to apply for maximal loan size of VND 50 million
- Growth must be associated with financial inclusion quality
- Improve financial inclusion for Mekong Delta region
- Preferential credit empowers Gia Nghia residents to get out of poverty
- The Bank of the Lao PDR visits and works with the Vietnam Bank for Social Policies (VBSP)
- Maximizing the Effectiveness of Policy Credit in Thai Nguyen (Final Part: The Pillar of Sustainable Poverty Reduction)
- Maximizing the Effectiveness of Policy Credit in Thai Nguyen (Part 1: Guided by the Party)
- Getting out of Poverty and Building Wealth with Preferential Loans
- The Cuban Central Bank President visits and works with the Vietnam Bank for Social Policy
- The opportunity for individuals who have completed their prison sentences
- Summary of the Digital Education Program for Vulnerable Groups in Vietnam
- Part 4 - Belief and Aspiration
- Part 3 - The Journey of Spreading Love
LENDING INTEREST RATE
|
||||||||||||||||||||
DEPOSIT INTEREST RATE
|
||||||||||