As of the end of 2020, the bank’s total credit balance stood at 226.19 trillion VND (9.86 billion USD), a year-on-year rise of 9.4 percent. (Photo: VNA)
Hanoi (VNA) – The Vietnam Bank for Social Policies (VBSP) said itis providing loans for 6.4 million poor and near-poor households.
As of the end of 2020, the bank’s total credit balance stood at 226.19 trillionVND (9.86 billion USD), a year-on-year rise of 9.4 percent.
Its loans have generated jobs for more than 361,000 labourers at home, andsupported over 5,200 guest workers, along with nearly 44,600 disadvantagedstudents.
Around 200 businesses have accessed the loans to ensure wages for more than8,500 employees affected by the COVID-19 pandemic.
The capital has also contributed to the building of 1.3 million water supplyand hygiene facilities in rural areas, and thousands of houses for poorhouseholds, the bank said.
Its accumulative policy credit capital was 233.42 trillion VND at the end of2020, up 21.53 trillion VND year-on-year.
Such localities as Hanoi, HCM City, Da Nang, Binh Duong, Ba Ria-Vung Tau, DongNai, Binh Dinh, Quang Ninh and Vinh Phuc have made outstanding performance insocial policy credit activities that have significantly contributed to theimplementation of policies, guidelines, targets and tasks of the Party and theState regarding sustainable poverty reduction, new-style rural area building,personnel development, and ensuring social welfare, political stability, andnational defence and security.
Amidst the complex developments of the pandemic, the bank will continue to assistthe poor and other social policy beneficiaries, it affirmed./.
Commercial banks should diversify their loan products, lower interest rates and simplify procedures to improve accessibility to official credit channels in an effort to keep people away from illegal sources, Deputy Governor of the State Bank of Vietnam Dao Minh Tu said.
Forty businesses have received money from the Government’s non-interest loan package of 62 trillion VND (2.7 billion USD) to pay salaries to nearly 1,200 employees who have stopped working due to the serious impacts caused by the COVID-19 pandemic.
The Vietnam Bank for Social Policies (VBSP) has allocated 31.6 billion VND (1.36 million USD) to 207 enterprises to pay wages for 8,529 labourers who lost jobs due to impact of the COVID-19 pandemic.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
As of the end of 2020, the bank’s total credit balance stood at 226.19 trillion VND (9.86 billion USD), a year-on-year rise of 9.4 percent. (Photo: VNA) 
