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World Bank pay interest in VBSP's Development Strategy
(VBSP News) The World Bank mission headed by Mrs. Margaret Miller-Senior Economist and the World Bank team in Hanoi had a meeting with VBSP.
Deputy General Director Nguyen Duc Hai met and work with Mrs. Margaret Miller-Senior Economist & World Bank team
At the meeting, VBSP Deputy General Director Nguyen Duc Hai expressed sincere thanks on WB concern and support to VBSP operation over the past years. He also highlighted the success in implementing the Development Strategy on the aspects of diversification of financial products and services, acceleration of modern technology application, the interest rate of some lending programs approaching the market rate and the financial and operational sufficiency. For VBSP operation orientation in the coming time, VBSP has strictly pursued the goal to develop VBSP towards stability and sustainability, full capacity to better implement the state policy credit associated with developing products and services more effectively for the poor, near-poor households and other policy-based beneficiaries.
During the discussion, Mrs. Margaret Miller said the World Bank has implemented the Financial Inclusion Support Framework – a technical assistance program to strengthen financial inclusion in some countries. Under the framework of the program in Vietnam, the two parties discussed the potential cooperation and support from WB to VBSP in implementing the strategy to diversify and modernize banking services and enable the financial education for its clients. It is then expected to enhance the efficiency, accessibility and scope of affordable financial products and services for the poor and unbanked groups in Vietnam.
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