Bank proposes 4.8 percent interest for social housing loans Society

Bank proposes 4.8 percent interest for social housing loans

The Vietnam Bank for Social Policies (VBSP) has submitted proposals to the Prime Minister on the interest rates for preferential loans to rent and buy social housing or build, upgrade, and repair houses in 2019, with the suggested annual rate of 4.8 percent.
Banking apps the way forward Business

Banking apps the way forward

Banking apps on cell phones are helping people in rural areas manage their finances, said Pham Xuan Hoe, deputy director general of the Banking Strategy Institute at the State Bank of Vietnam (SBV) at the launching ceremony of the i3 programme held in Hanoi on November 14.
Guaranteed bonds mobilise 150 billion VND Business

Guaranteed bonds mobilise 150 billion VND

The Vietnam Bank for Social Policies (VBSP) has raised 150 billion VND (6.5 million USD) at the latest auction of Government-guaranteed bonds on the Hanoi Stock Exchange (HNX) held on July 23.
Social loans help poor households in Dong Nai Business

Social loans help poor households in Dong Nai

The Vietnam Bank for Social Policies branch in the southern province of Dong Nai has offered more than 970 billion VND (43.11 million USD) in loans to nearly 38,000 poor and near-poor households.
Over 2.2 billion USD spent on national target programmes Society

Over 2.2 billion USD spent on national target programmes

As much as 51.7 trillion VND (2.25 billion USD) of the State budget was spent on implementing national target programmes in 2017, including 15.2 trillion VND (664.2 million USD) sourced from the central budget and 11 trillion VND (480.7 million) of investment capital for development.