Hanoi (VNA) – The Vietnam Bank for Social Policy (VBSP) set this year’s credit growth rate of 8 percent, according to the bank’s plan for 🍒2016.
The bank will give priority to provinces with a high rate of poor and near-poor households in accordance with the poverty line for the 2016-2020 period, as well as disadvantaged districts and communes in border areas and islands.
The bank’s General Director Duong Quyet Thang has requested all the VBSP units and branches to strive to meet the demand for loans to poor households and social beneficiaries, while continuing to raise credit quality and paying attention to new credit programmes .
From 2011 to 2015, the VBSP provided preferential loans for 11 million customers, helping 1.9 million households escape poverty. The bank also helped build 5.1 million clean water supply and sanitation facilities in rural areas, as well as 206,000 houses and 6,000 flood-proof houses.
Nearly 1.2 million disadvantaged students were provided loans to pursue study in the review period.
Last year, the bank’s capital reached 148 trillion VND (over 6.4 billion USD), an increase of 56 trillion VND (2.43 billion USD) compared to 2011.
By the end of the 2011-2015 period, total outstanding loans were estimated at 142 trillion VND (nearly 6.2 billion USD) with annual average growth of 11.9 percent.
By the end of 2015, overdue debts accounted for only 0.78 percent of the outstanding loans.-VNA
The Vietnam Bank for Social Policy (VBSP) raised 200 billion VND (9.26 million USD) worth of three-year government bond through a bid hosted by the Hanoi Stock Exchange on July 20.
As many as 3.6 million households have escaped from poverty while 12 million people have found employment as direct and indirect outcomes of preferential loans from the Vietnam Bank for Social Policy.
Government-enacted credit policies dedicated to impoverished families nationwide had given preferential loans worth over 38.4 trillion VND (1.71 billion USD) to more than 1.8 million needy households
A credit policy that allows families who have just escaped from poverty within the last three years to receive preferential loans is proving effective in localities nationwide.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Illustrative image (Source: VNA)
