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Press Release

Updated: 2021-08-23 11:43:18

VBSP’s operational strategy and sustainable development goals

(VBSP News) Social policy credit is a solution for achieving poverty reduction and sustainable development, so the VBSP’s primary goal is to implement this policy in such an active and effective manner.

VBSP’s operational strategy and sustainable development goals

The banking industry and VBSP always realize that if customers have sustainable development, the bank will ensure sustainable development. VBSP has a long-term development strategy in terms of organization and finance to ensure adequate capacity and conditions for serving target customers. Improving VBSP's operational capacity so that it can be an effective tool for implementing the State's policy credits on supporting rapid and sustainable poverty reduction in the market economy, contributing to successfully implementing the Strategy of  socio-economic Development, the National Target Program for Sustainable Poverty Reduction, the New Rural Development Program and other development initiatives.

Sustainable development goals for the period 2011-2020

The Prime Minister issued Decision No. 852/QD-TTg on July 10, 2012, approving the VBSP’s development strategy for the periods of 2011-2020.

a) Overall objective: To develop VBSP towards stability and sustainability, to ensure better implementation of the state policy credit as well as to develop more effective products and services for the poor, near-poor households and other policy beneficiaries.

b) Specific objectives are below:

- 100% of poor households and other policy beneficiaries who have borrowing needs and eligible conditions are entitled to access to products and services provided by VBSP;

- The average annual growth of outstanding loans is roughly 10%;

- The delinquency rate is below 3% of total outstanding loans;

- Simplification and standardization of professional procedures;

- Diversification of products and services;

- Staff of the whole VBSP system could have stable jobs with proper compensation bonus and social welfare;

- To improve supervision and monitoring, analyzing and risk warnings systems, to promote effective and efficient operation;

- To effectively coordinate and mainstream policy credit activities with technical assistance, technology transferring, industrial , agricultural, forestry and fishery extension and activities of mass organizations with a view to rapid and sustainable poverty reduction and social security.

Sustainable development goals for the period 2021-2030

In the period of 2021 - 2030, Vietnam is committed to the implementation of the Millennium Development Goals and three National Target Programs for the 2021-2025 period (Sustainable Poverty Reduction, New Rural Development and Socio-economic development in ethnic minority and mountainous areas in the 2021-2030 period). VBSP is currently developing its Development Strategy for the 2021-2030 period to submit to the Government for approval with several orientations in line with the requirements of socio-economic development in the new period, such as:

- Increasing the policy credit on a larger scale, focusing on unifying the policy credit function transfer from commercial banks to VBSP; developing VBSP to be an organization capable of self-control and stable long-term development, gradually reducing the interest rate incentives and replacing them with other forms of incentives, synchronously and effectively reducing operating costs; maintaining its role as a public financial institution implementing the Government's social policies, focusing on the areas where market-based financial institutions cannot or be only partially met.

- Developing and diversifying products and services towards the goal of developing financial inclusion, payment services, money transfer, savings, micro-insurance products, targeted to low-income and unbanked customers.

- Developing sustainably, associated with value chain lending, green and sustainable credit, digital transformation and technology application in order to reduce transaction costs, promote diversification to customize services according to market demand and digital economy; continuing to implement policies of publicity and transparency for the benefit of customers and social efficiency.





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