Some 485,000 poor and near-poor households gained access to loans from the Vietnam Bank for Social Policies (VBSP), worth about 21.86 trillion VND (932.17 million USD) in total, in the first three months of this year.
Credit growth reached about 13% this year as of December 27, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu told a press conference in Hanoi on tasks for the banking sector next year.
Financial policies for socio-economic growth and development in the new context is the theme of the annual Vietnam Finance Forum 2022 held in the central city of Da Nang on November 25.
The Hanoi Stock Exchange (HNX) held 30 auctions of Government bonds (G-bonds) in October, with 55.66% of the total G-bonds on offer, worth 31.45 trillion VND (1.26 billion USD) sold.
Officially launched and put into operation on October 4, 2002, the Viet Nam Bank for Social Policies - as the "extension arm" of the Government - has worked hard to bring preferential capital to the poor and other policy beneficiaries – in a 20-year journey full of hardship, sweat and even tears of thousands of officials and employees in the system.
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.
Over the past 20 years, loans provided by the Vietnam Bank for Social Policies (VBSP) has helped nearly 80,000 households in Bac Ninh get rid of poverty, heard a conference to review the implementation of a Government decree on credit support to the poor and policy beneficiaries in the northern province in the past two decades.
The State Bank of Vietnam (SBV) will give flexible and suitable management to guide credit resources to business and production activities and create favourable conditions for workers and low-income earners to access capital for house purchase, Governor Nguyen Thi Hong said on August 1.
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.
The State Bank of Vietnam (SBV) said it had been working around the clock to ensure the smooth implementation of an interest rate package cut through the Vietnam Bank of Social Policies (VBSP).
The story of sustainable poverty reduction and the economic development gap between the Central and Central Highlands and regions across the country is a challenge that requires a comprehensive policy, breakthrough solutions and the provision of adequate resources as planned.
Ho Chi Minh City’s credit growth has rebounded, growing by 3.65 percent as of the end of March, up 13.1 percent year-on-year, according to the State Bank of Vietnam’s HCM City branch.
Hanoi has set aside more than 2 trillion VND (87 million USD) in funds to support poor households, vulnerable groups, and small-to-medium sized businesses in a bid to speed up the capital's economic recovery.
Supporting women in economic development as a direct tool to address gender inequality is the point of view and the goal that the Bank for Social Policies and the Vietnam Women's Union are aiming for through the implementation of social policy credit programmes over the years.
Credit growth of the Vietnam Bank for Social Policies (VBSP)'s branch in the northern province of Bac Giang is expected to be between 7-10 percent in 2022, according to Vice Chairman of the provincial People’s Committee and head of the representative board of the branch's board of directors Phan The Tuan.
As some policies aiding the labour market’s recovery have been issued, both workers and businesses are hoping that those policies will be carried out as soon as possible.
More than 2 million poor households won access to loans worth over 80 trillion VND (3.52 billion USD) from the Vietnam Bank for Social Policies (VBSP) last year.
The Mekong Delta province of Bac Lieu has reduced the number of poor households to 842, or 1.45 percent of the province’s total households, by providing soft loans, vocational skills, and sustainable livelihood models to the poor.
As of the beginning of December, Hanoi collected over 255 trillion VND (11.12 billion VND) for the State budget, surpassing the target set by the government by 8.3 percent.
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