Deputy PM Ho Duc Phoc emphasised that the Vietnam Bank for Social Policies must be stable and that the reorganisation of its apparatus must be consistent with the current process in other administrative units.
More than 1,500 ethnic minority households in the Mekong Delta province of Soc Trang have built new houses, changed their livelihood, and gradually escaped poverty thanks to preferential credit capital under the Government's Decree 28/2022/ND-CP on implementing the National Target Programme on Socio-Economic Development in Ethnic Minorities and Mountainous Areas for the 2021-2030 period.
The Vietnam Bank for Social Policies (VBSP), in collaboration with the National Institute of Hematology and Blood Transfusion (NIHBT), recently held a voluntary blood donation event with the spirit of "One drop of blood given - One life saved", spreading the humanitarian movement, on the occasion of the VBSP’s 21st founding anniversary (October 4).
Nine projects on social housing and housing for workers in industrial zones saw their construction started between January and June, expected to offer 18,768 units to the market.
The Vietnam Bank for Social Policies (VBSP), the Asian Foundation, and Mastercard held a seminar in Hanoi on May 23 on enhancing digital finance and promoting comprehensive finance for vulnerable groups in Vietnam, under the auspices of the Australian Department of Foreign Affairs and Trade.
The Vietnam Bank for Social Policies (VBSP)’s Ninh Binh Branch has provided more than 9.84 trillion VND (415.63 million USD) in soft loans for around 547,870 poor households and other policy beneficiaries in the northern province over the last two decades.
The Bank for Social Policies has disbursed 8,896 billion VND (370.6 million USD at current rate) of concessional loans under the Socio-Economic Development and Recovery Programme under Resolution No.11, with more than 213,000 borrowers.
Directive No. 40-CT/TW of the Party Central Committee's Secretariat on strengthening the Party's leadership towards social policy credit has served as a new wind that creates breakthroughs for social policy credit.
The Vietnam Bank for Social Policies (VBSP)’s soft loans for poor people has been seen as a standout in Vietnam’s effort to achieve sustainable poverty reduction.
As of June 30, Vietnam Bank for Social Policies (VBSP) posted its outstanding balance for the first half of the year at the total of more than 181.76 trillion VND (7.9 billion USD), up 5.8 percent compared to the same period last year.
Over 30 million poor households and other welfare beneficiaries have accessed soft loans from the Vietnam Bank for Social Policies (VBSP) as of the end of August 2017, according to the VBSP.
Preferential credit from the VBSP has contributed to the realisation of national goals on alleviating poverty and ensuring social welfare for ethnic minorities.
More than 1,473,000 ethnic minority households across the country have been benefiting from preferential credit programmes with total loans worth up to 40 trillion VND (over 1.76 billion USD).
More than 2 million households have received loans totaling 44.2 trillion VND (1.95 billion USD) from aprogramme designed to help business households in disadvantaged regions as of February 28, 2017.
The Vietnam Bank for Social Policies (VBSP) has helped build more than 8.7 million clean water and sanitation facilities for family use in the past 12 years under its credit programme.
The Vietnam Bank for Social Policies (VBSP) has disbursed over 2.5 trillion VND (112.5 million USD) to help locals address the aftermath of the extensive severe cold and snow in early 2016.
More than 30,000 low-income families were given access to preferential loans worth 1.06 trillion VND (48 million USD) after a month spent implementing a decision by Prime Minister Nguyen Tan Dung.
