VBSP Delegation Visits NAYOBY Bank Luang Prabang Branch

On November 12, 2025, during the working visit to the Laos Policy Bank (NAYOBY Bank), the delegation from the Vietnam Bank for Social Policies (VBSP), led by General Director Duong Quyet Thang, together with the leadership of NAYOBY Bank, visited and worked with the Luang Prabang Branch and met with several clients of the branch.

Overview of the working session

Following the signing of the Memorandum of Understanding on Cooperation for the 2026-2027 period between VBSP and NAYOBY Bank, the VBSP delegation visited and worked with the Luang Prabang Branch of NAYOBY Bank - the first step toward realizing the commitments outlined in the MoU.

At the meeting, Mr. Sichanh NENGRAOJA, Director of the Luang Prabang Branch, shared that the branch is responsible for providing policy credit primarily aimed at poverty reduction in Luang Prabang and Xaynhabuly provinces, covering 9 districts and 320 villages, including 202 poor villages, serving 6,921 households, equivalent to 19% of the total number of households.

In addition to direct lending, drawing from the experience of VBSP Vietnam, the branch is piloting entrusted lending through political and social organizations and village funds in 122 villages across 11 districts of Luang Prabang and Xaynhabuly provinces. The pilot model has initially yielded positive results, helping to improve loan quality and reduce non-performing loans.

Speaking at the meeting, General Director Duong Quyet Thang stated that the delegation had gained firsthand insights into the operational model, lending procedures, and practical challenges faced by NAYOBY Bank at the grassroots level through this field visit to the Luang Prabang Branch. This serves as a foundation for VBSP, with its successful experience in managing policy credit and poverty reduction, to identify specific and effective areas of support after returning to Vietnam, such as technology transfer, specialized professional training, and sharing of practical experiences in policy credit management at the local level. These activities will contribute to enhancing NAYOBY Bank’s capacity and advancing Laos’ sustainable development goals.

At the end of the working session, the delegation visited several clients of NAYOBY Bank.

Mr. Duong Quyet Thang - VBSP General Director met NAYOBY Bank clients

The delegation visited a traditional weaving household

The delegation exchanged with the owner of a handicraft workshop