Vietnam Bank for Social Policies: Empowering Workers

“Many a little makes a mickle,” as the old saying goes. And to accumulate wealth, one needs initial capital. Understanding this, the Vietnam Bank for Social Policies (VBSP) was established with the noble mission of providing a solid foundation for workers, the poor, students, and more, through its substantial statutory capital.

Statutory Capital – A Strong Launchpad for Dreams

The statutory capital of VBSP is allocated by the State, clearly defined in the State Bank Law and other legal documents. This capital acts as a “golden guarantee,” instilling confidence in people seeking access to support policies.

Benefits of Statutory Capital:

• Preferential interest rates: Unlike commercial banks, loan interest rates from statutory capital are typically lower, reducing the financial burden on borrowers.
• Simple procedures: No complicated income verification is required; simply meeting the specific conditions of each loan program grants access to this valuable resource.
• Flexible loan terms: Depending on the purpose, borrowers can choose suitable loan terms, facilitating economic development and stabilizing their lives.

VBSP Statutory Capital Resources

The Story of Mrs. Ba “Banh Xeo”: From Street Vendor to Restaurant Owner

Mrs. Ba, a hardworking woman with a street-side banh xeo stall, spent countless nights worrying about lacking capital to expand her business. One day, an acquaintance introduced her to VBSP’s loan program. Thanks to timely statutory capital, her small stall transformed into a thriving restaurant, a source of pride for Mrs. Ba.

VBSP Loan Rates in 2023:

Note: This table is for reference only. Interest rates and loan terms may vary depending on VBSP’s policies at each time.

Important Notes When Borrowing Statutory Capital:

• Thoroughly understand loan conditions and procedures: Each program has specific regulations; careful research is crucial to save time and effort.
• Use the loan for its intended purpose: Be a responsible borrower, utilizing the funds as intended and on schedule for maximum effectiveness.
• Repay the loan on time: Timely repayment not only avoids penalties but also builds credibility and contributes to a civilized and prosperous community.

Applying for a VBSP Loan

Need Support?

Contact us now:

Phone: 0968239999

Email: [email protected]

Address: No. TT36 – CN9 Road, Tu Liem Industrial Zone, Phuong Canh Ward, Nam Tu Liem District, Hanoi.

We are always ready to accompany you on your path to success!

Want to learn more about other support policies? Check out our article on policies for occupational accident victims.

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