Tags: vbsp

Over 4,000 houses built with social policy credit

Over 4,000 houses built with social policy credit

Social policy credit helped to build more than 4,000 houses, along with over 1.2 million safe water supply and sanitation facilities in rural areas in 2019, according to the Vietnam Bank for Social Policies (VBSP).

Mobile banking project launched for low income people, women

Mobile banking project launched for low income people, women

The Vietnam Bank for Social Policies (VBSP) on September 6 officially launched the project “Mobile Banking – Financial Inclusion and Economic Empowerment for Low Income People and Women in Vietnam” - Phase 2 (Mobile Banking 2).

Bank proposes 4.8% interest for social housing loans

Bank proposes 4.8% 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.

Vietnam learns from Germany’s experience in housing finance

Vietnam learns from Germany’s experience in housing finance

A workshop sharing Germany’s experience in the field of housing finance was held in Hanoi on November 21 by the the Vietnam Bank for Social Policies (VBSP) and the German building society, Bausparkasse Schwabisch Hall AG (BSH).

Banking apps the way forward

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 VND150 billion

Guaranteed bonds mobilise VND150 billion

The Vietnam Bank for Social Policies (VBSP) raised VND150 billion (US$6.5 million) at the latest auction of Government-guaranteed bonds on the Hanoi Stock Exchange (HNX) held on July 23.

VBSP celebrates 15th anniversary

VBSP celebrates 15th anniversary

Vietnam Bank of Social Policies has enjoyed a successful 2017, celebrating its 15th anniversary. Nguyen Van Ly, deputy CEO of the bank, shared with Ha An his thoughts about this milestone and the bank’s future strategy.

Preferential loans help reduce poverty

Preferential loans help reduce poverty

The Vietnam Bank for Social Policies (VBSP) reported that the bank has provided loans to over 31.8 million poor households and policy beneficiaries since 2002.

Thirty million people access soft loans in 15 years

Thirty million people access soft loans in 15 years

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.

VBSP aims to provide US$1.8 billion to southwestern region in 2030

VBSP aims to provide US$1.8 billion to southwestern region in 2030

The Vietnam Bank for Social Policies (VBSP) aims to offer VND41 trillion (US$1.8 billion) of loans to the southwest region in 2030, up VND13 trillion (US$571 million), or 46 percent, compared to 2016, with average credit growth of 10 percent each year.