Tag: the Vietnam Bank for Social Policies

Localities must continue to prioritize the allocation of capital from their budget to the Vietnam Bank for Social Policies (VBSP), in order to supplement capital sources for the poor and other policy beneficiaries to access loans.

Hanoi has proposed an additional VND500 billion ($21.87 million) be lent to workers in the city through the local Vietnam Bank for Social Policies branch to help restore production and business, support job creation, and overcome the impact of the Covid-19 pandemic. The additional capital is expected to meet about 44 per cent of workers’ capital needs and contribute to the creation of 10,000 jobs.