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Press Release
VBSP worked with the delegation from the Agricultural and Rural Development Bank of Cambodia
(VBSP News) In the morning of July 18, 2022 in Hanoi, VBSP had a meeting with a delegation of the Agricultural and Rural Development Bank of Cambodia (ARDB) led by Mr. KAO Thach - the Royal Government Delegate in charge of CEO of ARDB. VBSP Deputy General Director Huynh Van Thuan attended the meeting.
Deputy General Director Huynh Van Thuan worked with Mr. KAO Thach - the Royal Government Delegate in charge of CEO of ARDB
The Rural Development Bank was established by the Royal Government of Cambodia through Sub-decree No. 1, dated January 21, 1998, which was named as the Rural Development Bank and was mandated as a specialized bank in agriculture. The Royal Government of Cambodia amended the roles and structures of RDB through sub-decree No. 199, dated June 11, 2014. Henceforth, the Rural Development Bank has changed the status from specialized bank to a commercial bank, known as the Agricultural and Rural Development Bank, in accordance with sub-decree No. 124, dated August 27, 2019.
ARDB is a public enterprise functioning in the form of state-owned commercial bank and is fully independent in leading and governing the bank’s activities. ARDB is under technical and financial supervision of the Ministry of Economy and Finance and supervisory of the National Bank of Cambodia.
Sharing session on policy credit for the poor and other disadvantaged groups of VBSP with ARDB
During this visit and working session, the ARDB delegation learned about VBSP's experience in credit policies, credit risk management as well as business models and project management to support the poor, contribute to sustainable poverty reduction in Vietnam. In addition, VBSP also shares with the delegation on financial education and digital financial services (SMS notification service, financial education application, policy credit management application, Mobile Banking digital banking application, etc.) for the poor and other disadvantaged groups.
VBSP Deputy General Director Huynh Van Thuan gave a gift of logo VBSP to the delegation
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