The Vietnam Bank for Social Policies was established under Premier’s Decision No. 131/2002QD-TTg dated October 4th, 2002 and the Government’s Decree No. 78/ND-CP dated October 4th, 2002 on providing credit for the poor and other policy beneficiaries; based upon the re-organization of the Bank for the Poor and separation from Vietnam Bank for Agriculture & Rural Development for purpose of detaching policy lending from commercial lending. VBSP is regarded as an efficient tool of the Government in mobilising various resources domestically and internationally to perform the designated socio-policy lending programs of the Government.
Mission: VBSP is not for profit and implement policy lending to the poor and other policy beneficiaries. VBSP is a state-owned bank operating as a tool of the Vietnamese Government to fight against poverty.
VBSP contributes to:
Provide microfinance to the poor and policy beneficiaries
Reduce poverty sustainably in Vietnam
Remain social stability
Protect environment.
