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Updated: 2023-01-12 10:43:03


(VBSP News) The Prime Minister has just issued Decision No. 05/QĐ-TTg dated January, 04th, 2023 approving the VBSP development strategy to 2030.

All of the eligible poor have access to VBSP's financial services

1. Overall goals
- To develop VBSP into an organization of self-reliance and stable long-term development, along with maintaining its role as a public financial institution implementing the Government's social policies, focusing on areas where market-based financial institutions cannot or only partially meet.
- The State concentrates resources for VBSP to implement social policy credit programs to suit with the national target programs and the contents of the country's socio-economic development strategy.
2. Specific goals
a) All of the eligible poor have access to VBSP's financial services
- Effectively implement the organizational model and credit management method with specific policies of VBSP.
- Increase resources for VBSP to implement social policy credit programs: In which, the average growth of the State's development investment credit capital is about 10% annually; structure of capital in the direction of stability and sustainability, gradually increasing the proportion of capital sources from the State budget and capital from the issuance of VBSP bonds guaranteed by the Government every year.
- Well implement social policy credit programs assigned by the Government and credit programs entrusted by localities, mass organizations and units; all of the poor and other policy beneficiaries who have needs and are eligible can access financial products and services provided by VBSP.
- Overdue debt ratio below 2%/total outstanding loans.
- Strengthening the Party's leadership in social policy credit, annually, the local budget entrusts capital to lend to the poor and other policy beneficiaries, accounting for about 15% - 20% of overall outstanding loan growth of VBSP; The Vietnam Fatherland Front and socio-political organizations perform the role of social supervision and criticism.
b) Building a Digital Banking platform
Building high-quality human resources with professional ethics and skills to meet the requirements of tasks; perfecting and improving the quality and effectiveness of the inspection and supervision system in order to ensure the safety and efficiency of social policy credit activities.
Strong application of information technology, modernization of banking. Developing information technology systems to ensure security, safety and confidentiality. Building a digital banking platform, diversifying products, developing appropriate types of services, modernizing the management and administration of VBSP in order to better serve policy beneficiaries, contributing to the implementation of Government's National Digital Transformation Program and the Information Technology Strategy of Vietnam's banking sector to 2025 with a vision to 2030.

1. Strengthening the Party's leadership on social policy credit
2. Completing the legal framework, mechanisms, policies and regulations related to the organization and activities of social policy credit of VBSP.
3. Spending resources for VBSP to effectively implement social policy credit programs
4. Well implement the assigned social policy credit programs
5. Maintaining and promoting the effectiveness of the organizational model and method of credit management with specific policies.
6. Improving the quality, effectiveness and operational efficiency of the inspection and supervision system
7. Diversifying products and services with modern features, reasonable costs, suitable for VBSP's customers.
8. Improving financial capacity to ensure the stable and sustainable development of VBSP.
9. Focusing on developing human resources towards high quality to meet mission requirements.
10. Improving the capacity to manage and handle risky debt.
11. Promoting the application of information technology to meet the development requirements of VBSP.
12. Strengthening and improving the efficiency of international cooperation and communication activities of VBSP; continue to review and simplify work procedures.




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