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).
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.
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.
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.
Capital allocated to the Hanoi’s branch of the Vietnam Bank for Social Policies (VBSP) by the city’s budget not only helped clients rearrange their production and trade but also restore agricultural production.
The capital city of Hanoi plans to mobilise about 92.7 trillion VND (4.07 billion USD) to complete all targets in new-style rural area building by 2025, including 83.7 trillion VND from the State budget and nearly 9 trillion VND from social sources.
With effective implementation of the lending programme, over the past 19 years, the Vietnam Bank for Social Policies (VBSP) has become an effective tool in realising emergency credit policies, contributing to the country's poverty reduction cause.
The Ministry of Finance has proposed to the Government a credit package to support poor pupils and students in buying computers and equipment serving their online learning amid the COVID-19 pandemic.
The State Treasury and the Vietnam Bank for Social Policies (VBSP) mobilised more than 36.2 trillion VND (1.59 billion USD) on the primary market via 20 Government bond (G-bond) auctions on the Hanoi Stock Exchange (HNX) in August.
On the primary market, the State Treasury and the Vietnam Bank for Social Policies (VBSP) mobilised more than 32.5 trillion VND (1.41 billion USD) via 22 Government bond (G-bond) auctions on the Hanoi Stock Exchange (HNX) in July.
As of July 26, the Vietnam Bank for Social Policies (VBSP) had approved loans worth over 45 billion VND for 39 employers, serving salary payment for over 12,000 employees.
The national target programme on sustainable poverty reduction for 2021 - 2025 has a total investment of 75 trillion VND (3.26 billion USD), including 48 trillion VND from the central budget and the rest, from local ones.
The State Bank of Vietnam (SBV) has issued Circular No.10/2022-TT-NHNN on refinancing the Vietnam Bank for Social Policies (VPSB) so it can roll out a number of relief measures for pandemic-hit labourers and employers affected by the pandemic.
The Vietnam Bank for Social Policies has begun accepting applications from businesses for interest-free loans to fund furlough and salary payments, its deputy director Bui Van Son has said.
Nearly 1.3 million poor and near-poor households had got access to loans from the Vietnam Bank for Social Policies (VBSP) to cope with COVID-19 in the first half of this year.
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