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Bank for Social Policies

VBSP to roll out interest cuts worth VND3 trillion this year

VBSP to roll out interest cuts worth VND3 trillion this year

The State Bank of Vietnam (SBV) has been working around the clock to ensure the smooth implementation of an interest rate package cut through the Vietnam Bank of Social Policies (VBSP).
State Bank of Vietnam draft regulations on social housing lending cause controversy.

State Bank of Vietnam draft regulations on social housing lending cause controversy.

The State Bank of Vietnam (SBV) has proposed that commercial banks not be allowed to provide preferential loans to low-income people seeking to purchase, lease and lease-purchase social houses.
Govt rolls out interest-free loans for companies to pay salaries

Govt rolls out interest-free loans for companies to pay salaries

The Viet Nam Bank for Social Policies has begun accepting applications from businesses for interest-free loans to fund furlough and salary payments.
Bank offers soft loans to businesses to pay COVID-19-impacted workers

Bank offers soft loans to businesses to pay COVID-19-impacted workers

The Viet Nam Bank for Social Policies (VBSP) has allocated VND31.6 billion (US$1.36 million) to 207 enterprises to pay the wages of 8,529 labourers who lost their jobs due to impact of the COVID-19 pandemic.
Businesses get access to non-interest loan package

Businesses get access to non-interest loan package

Forty businesses have received money from the Government’s non-interest loan package of VNĐ62 trillion (US$2.7 billion) to pay salaries to nearly 1,200 employees who have stopped working due to the serious impacts caused by the COVID-19 pandemic.
Mobile banking helps the poor access financial services

Mobile banking helps the poor access financial services

Financial education has helped poor households and policy beneficiaries access and use financial products and services, thus promoting comprehensive finance, attendees heard at a conference held in Ha Noi on Tuesday.
Nearly 38 billion worth of G-bonds raised

Nearly $38 billion worth of G-bonds raised

The Government bond notes were backed by the Vietnam Bank for Social Policies (VBSP) with maturity of 15 years.
Mobile banking project launched for low income people and women

Mobile banking project launched for low income people and women

Viet Nam Bank for Social Policies (VBSP) on Friday officially launched the project “Mobile Banking – Financial Inclusion and Economic Empowerment for Low Income People and Women in Viet Nam” - Phase 2 (Mobile Banking 2).
Government bonds lose their sheen

Government bonds lose their sheen

Though the interest rates on government bonds with maturity terms of one to 15 years have increased in recent times, there seems to be little appetite for them among investors.
Banking sector works on funding for farmers

Banking sector works on funding for farmers

The banking sector needs more solutions providing bigger fund for the agriculture and the rural area for sustainable development in the future, according to experts.
Over 744 billion mobilised from selling G-bonds in August

Over $744 billion mobilised from selling G-bonds in August

The Hanoi Stock Exchange organised 38 auctions in August, mobilising a total of over VND17.3 trillion (US$744.3 billion) worth of  Government bonds, up 9.9 per cent from the previous month.
Guaranteed bonds raise VND150 billion

Guaranteed bonds raise VND150 billion

The Viet Nam Bank for Social Policies (VBSP) raised VND150 billion (US$6.5 million) at the latest auction of Government-guaranteed bonds on the Ha Noi Stock Exchange (HNX) held on Monday. 
First mobile banking for the poor launched

First mobile banking for the poor launched

The Viet Nam Bank for Social Policies (VBSP) yesterday launched a mobile banking service designed to improve the access of disadvantaged people.