Tiếng việt
Stay Connected:

News & Events

Updated: 2025-08-08 09:30:02

VBSP Ky Son stands by locals with timely and compassionate support

VBSP Ky Son has delivered essential aid and heartfelt support to families in Nghe An province in the wake of devastating floods, reaffirming its mission of helping people in need.

The floods have caused severe damage to many households in Muong Xen commune in Vietnam’s north-central region.

In the face of this adversity, VBSP Ky Son has demonstrated a strong sense of social responsibility and solidarity with the community through timely, practical support efforts to help local people overcome challenges.

From July 22-24, the office organized post-flood recovery support activities at the Muong Xen commune People's Committee headquarters, directly assisting severely affected households.

VBSP Ky Son stands by locals with timely and compassionate support

VBSP Ky Son regularly assigns personnel to assist flood-hit households

Each day, 13 VBSP staff participated in cleaning up mud, repairing homes and supporting daily living needs for residents. Approximately 10 households are expected to receive aid during this relief campaign.

At the height of the flooding, the unit provided emergency assistance to affected families in the commune who had been most heavily affected.

Each household received a box of instant noodles and 20 eggs, essential supplies to help them cope with immediate hardships.

Shortly after the floodwaters receded, the trade union allocated VND5 million ($200), raised from union members, to further support families in difficult circumstances. This effort exemplifies the spirit of mutual care and compassion shared by the staff and employees of the unit.

The homes of three VBSP employees were also flooded during the storm, and they received assistance to stabilize their living conditions and quickly returned to work, standing side by side with their colleagues to fulfill the unit’s mission of serving the community.

Talking to VIR, Ngo Minh Tu, Director of VBSP Ky Son, said, “In a region like Ky Son with treacherous terrain and frequent natural disasters, people already live under harsh conditions and are especially vulnerable. We see it as not just our responsibility, but also our heartfelt mission to stand with the community during these difficult times”.

VBSP Ky Son stands by locals with timely and compassionate support

Boxes of instant noodles and essential supplies are hand-delivered by VBSP staff to flood-affected residents to help them through hardships

The practical and timely actions of VBSP Ky Son have left a strong impression on both local authorities and residents.

The unit has long been known not only as a ‘lifeline’ bringing preferential credit to poor and near-poor households and other policy beneficiaries, but also as a source of emotional support in times of hardship.

Nguyen Thi Ly, a resident of Cau Tam hamlet in Muong Xen commune, shared her experience. “We were truly worried. Every household here was heavily affected by the floods. Thankfully, VBSP staff arrived in time to help our family get through the worst of it. Although there are still many challenges ahead, we feel deeply comforted by their support”.

Over the years, VBSP Ky Son has effectively played its role as a key channel for delivering preferential credit to ethnic minority communities, remote areas and disadvantaged regions, making a positive contribution to sustainable poverty reduction and new-style rural development in the area.

The unit has successfully implemented diverse lending programmes focused on job creation, disadvantaged students, social housing, clean water and rural sanitation, ensuring the right beneficiaries receive timely support and that these programmes deliver tangible results.

The swift, heartfelt response during this challenging time stands as a testament to VBSP Ky Son’s unwavering dedication to public service, not only delivering life-changing policy loans, but also fostering humanity, solidarity and compassion within the community.

By Ha An – Vietnam Investment Review

PHOTO ARTICLES

LENDING INTEREST RATE

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

Students

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
Others...

DEPOSIT INTEREST RATE

Term Deposit Rate
Overnight 3,04%/year
1 week 3,23%/year
2 week 3,5%/year
Others...