Total outstanding loans reached 247.97 trillion VND (10.83 billion USD), up 9.6 percent compared to the end of 2020.

Notably, the VBSP’s chapters nationwide focused on a credit programme to support employers facing difficulties due to the Covid-19 pandemic, with more than 2.31 trillion VND being disbursed for 2,474 employers in order to pay for over 603,000 labourers.

According to Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong, who is also Chairwoman of the Board of Directors of the VBS, since the beginning of this year, the VBSP has taken prompt actions to implement the task assigned by the Party and State.

It has rolled out effective measures to meet preferential capital demand of social policy beneficiaries, she said.

Hong emphasised the need to do better in mobilising capital and collecting overdue debts, and ensuring the liquidity of the social policy banking system.

Almost 23 billion USD of foreign ODA, concessional loans earmarked for 2021-2025

About 527.1 trillion VND (over 22.9 billion USD) in foreign official development assistance (ODA) and concessional loans will be allocated during the 2011 - 2025 period.

Loan offered per Government Resolution No.68 provides more source to overcome difficulties

(BGO) – On July 1, 2021, Government issued Resolution No.68/NQ-CP about some policies to support employers and employees affected by Covid-19 pandemic (Resolution 68). For over three months, it has become “life jacket” to help local businesses and labours gain more source and overcome the hard time.

Banks reduce loan interest by over VND12.2 trillion for pandemic affected clients

A total lending interest reduction of over VND12.2 trillion (US$539 million) was conducted by 16 commercial banks between July 15 and September 30, 2021, to support customers affected by the Covid-19 pandemic.

Loans offered to 68 business owners to pay for salary in production recovery and severance

(BGO) - The Bac Giang branch of Social Policy Bank has disbursed over 4.8 billion VND (210,986 USD) as the loan for four businesses to pay for salary in production recovery and severance to 1,049 labours in line with the Government’s Resolution No.68 on July 1, 2021 and PM’s Decision No.23 on July 7, 2021 about implementation of policies to support employers and employees affected by Covid-19 pandemic.

212 billion VND loan for salary in production recovery and severance

(BGO) – Implementing Government’s Resolution No.68 on July 1, 2021 and PM’s Decision No.23 on July 7, 2021 about implementation of policies to support employers and employees affected by Covid-19 pandemic, so far the Bac Giang branch of Social Policy Bank has disbursed nearly 212 billion VND (9.3 million USD) as the loan for 64 businesses.

Source: NDO/VNA