VISITORS
News & Events
Khmer people in Tra Vinh Province escaped from poverty thanks to VBSP's loans
(VBSP News) The Mekong Delta province of Tra Vinh has provided loans of more than VND46 billion (US$1,953) to ethnic Khmer people for growing vegetables and raising cattle since 2016. It enabled 2,559 households, especially poor ones, escape from poverty.
Customer Thach Vo, an onion farmer in Tra Vinh Province's Duyen Hai District, has escaped from poverty after getting a loan from VBSP
Thach Thi Dung of Cau Ke District’s Hoa Tan Commune is among those who climbed out of poverty thanks to a loan of VND 8 million from VBSP. She used this loans to improve the soil in her land and switch to vegetable cultivation from rice. Now, three years later, she earns an income of VND 3.5 –VND 4 million a month.
Thach Vo’s family in Duyen Hai District got a loan and began to grow vegetables, and now earns VND 80–100 million a year.
The province spent another VND 18 billion (US$762,380) on works to improve the socio-economic status of the Khmer in Tra Cu District.
Kim Ngoc Suong, head of the district People’s Committee’s division for ethnic minority people’s affairs, said VND 14.5 billion was spent to upgrade 18 streets, the drainage system and a cultural house. The rest of the money was used to lend to disadvantaged Khmer households for cultivating vegetables and breeding cattle, she said.
The population of the district is 62 per cent Khmer compared to 31.5 in the province. Since 2018 alone the number of poor Khmer households in the province has reduced by 10,000.
vietnamnews.vn
- STEM Credit - Nurturing Dreams of Knowledge
- 2025 Implementation Project Report “Promoting Financial Inclusion in the Development of the Cooperative Economy in the Digital Economy in Vietnam”
- Vietnam Bank for Social Policies and the Journey of Building a Public Financial Institution for the People
- Regulations on the Organization and Operations of Vietnam Bank for Social Policies (VBSP)
- Synchronizing solutions to ensure safe and effective credit operations
- VBSP'S PROGRESS REPORT IN 2025
- VBSP: Breakthrough in a year full of challenges
- Policy credit - The “midwife” of poverty reduction
- Dak Lak promotes social policy credit to advance sustainable poverty reduction in rural areas
- Supporting reintegration and stable livelihoods for rehabilitated individuals
- Women join hands to help each other in economic development
- VBSP’s financial services contribute to fighting against black credit
- VBSP Danang fights against Covid-19 pandemic
- Pilot program for potential customers before working in the Republic of Korea
- Local resources need to be strengthened to support the poor and other vulnerable groups affected by Covid-19
- Hanoi entrusts VND 650 billion through VBSP to fight against COVID-19
- Preferential credit helps the poor increase income
- The proposal on supporting 6 target groups affected by Covid-19 pandemic
- VBSP actively joins hands to prevent the Covid-19 pandemic
- Vietnam to compensate Covid-19 job loss with monthly allowance
- STEM Credit - Nurturing Dreams of Knowledge
- 2025 Implementation Project Report “Promoting Financial Inclusion in the Development of the Cooperative Economy in the Digital Economy in Vietnam”
- Vietnam Bank for Social Policies and the Journey of Building a Public Financial Institution for the People
- Regulations on the Organization and Operations of Vietnam Bank for Social Policies (VBSP)
- Annual Report 2024
- Synchronizing solutions to ensure safe and effective credit operations
- VBSP'S PROGRESS REPORT IN 2025
- VBSP: Breakthrough in a year full of challenges
- Policy credit - The “midwife” of poverty reduction
- Dak Lak promotes social policy credit to advance sustainable poverty reduction in rural areas
LENDING INTEREST RATE
|
||||||||||||||||||||
DEPOSIT INTEREST RATE
|
||||||||||