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VBSP’s General Director met and worked with AFD’s Director
(VBSP News) In the morning of June 23rd 2020, VBSP’s General Director – Mr. Duong Quyet Thang had a short meeting with AFD’s Director – Mr. Fabrice Richy at VBSP’s headquarter in Hanoi.
Landscape of the meeting
At the meeting, VBSP General Director – Mr. Duong Quyet Thang welcomed Mr. Fabrice Richy and his members to visit VBSP’s headquarter.
VBSP General Director – Mr. Duong Quyet Thang introduced that VBSP is the largest provider of financial inclusion for poor households and other last-mile populations in Vietnam. So far, VBSP has established suitable organizational model and credit method to the specific characteristics of political institutions in Vietnam. VBSP has also established nearly 200,000 savings and credit groups at nearly 11,000 commune transaction points. Up to now, VBSP’s total outstanding loan has reached nearly US$ 10 billion with over 6.5 million active borrowers. VBSP is highly appreciated by the National Assembly of Vietnam and international organizations thanks to contributing to the success of poverty reduction in recent years in Vietnam.
The meeting between VBSP and AFD
Especially, AFD’s Director – Mr. Fabrice Richy expressed admiration on results Vietnam and VBSP achieved in the fight against Covid-19. He also hoped that VBSP and AFD would continue to have a stronger cooperation in the coming time.
- More than 214,000 households access policy loans
- The Duy Xuyen branch of VBSP disbursed 136.8 billion VND to 1,953 households
- Veterans effectively utilize policy-based credit funds
- Krông Nô unleashes its internal potential for sustainable poverty reduction
- Policy credit: A cornerstone of sustainable development
- Giving opportunities and instilling confidence in reformed offenders in Dak Lak
- Policy credit "plants" livelihoods in coastal areas
- Policy credit "awakens" the value of traditional craft villages in Nghe An province
- Policy credit funds help the Khmer people develop their economy
- Policy credit empowers vulnerable groups improve their livelihood
- Female bricklayer and group leader
- HCM City provides more loans for small businesses, poor families affected by COVID-19
- Efficiency of loans for job creation
- VBSP’s inclusive finance in Tuyen Quang province
- Hanoi: 11,470 female households escaped from poverty thanks to VBSP’s loans
- HCMC wants poor and near-poor to have access to loans from VBSP
- Vietnamese government supports employees, small businesses and firms amid COVID-19
- Poor households in border region assisted through pandemic
- Pandemic-hit employers to access interest-free loans to pay staff
- Farmers create a considerable fortune from preferential loans
- Giving opportunities and instilling confidence in reformed offenders in Dak Lak
- Policy credit "awakens" the value of traditional craft villages in Nghe An province
- Digitalization of policy credit for the poor and other vulnerable segments to contribute to the national comprehensive finance strategy
- Saving Money to Help the Poor
- 47,454 poor households and other policy beneficiaries acess inclusive finance in Nghe an province during first six months
- more than 6.7 million customers reach preferential loans from VBSP
- Phu Tuc Commune Branch of VBSP disbursed over 142.39 billion VND for vulnerable clients in first six months
- Nearly 44,000 poor households and other policy beneficiaries access VBSP loans in Dong Nai during six first months
- Standardizing the operations of the Social Policy Bank system
- VBSP Announces Appointment of New General Director
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