Vietnam Bank for Social Policies: The General Director’s Crucial Role

The Vietnam Bank for Social Policies (VBSP) plays a pivotal role in providing access to microfinance services, contributing to socio-economic development, especially in rural areas. Leading the VBSP is the General Director, who holds the responsibility of managing and directing the bank’s operations.

The Role of the VBSP’s General Director

The General Director of VBSP is the highest-ranking leader, accountable to the Government and the Governor of the State Bank of Vietnam for all of the bank’s activities. This position requires leadership skills, a deep understanding of finance, banking, social policies, and a commitment to serving the poor and vulnerable.

Specifically, the General Director of VBSP has the following main responsibilities:

• Developing and implementing VBSP’s strategies and operational plans, ensuring alignment with the country’s socio-economic development orientation and the State Bank’s policies.
• Managing and directing all VBSP operations, including: capital mobilization, credit provision, risk management, product and service development, information technology, human resources, and finance.
• Representing VBSP in relations with state agencies, socio-political organizations, and domestic and international partners.
• Submitting periodic and ad-hoc reports on VBSP’s operational status to the Government, the Governor of the State Bank, and relevant authorities.
• Performing other tasks assigned by the Government and the Governor of the State Bank.

Key Factors for Success as VBSP’s General Director

To successfully fulfill the assigned responsibilities, the General Director of VBSP needs to possess several key qualities, including:

1. Strategic Vision: The ability to forecast socio-economic development trends, identify opportunities and challenges, and formulate a sustainable development strategy for VBSP.

2. Leadership Skills: The ability to inspire and motivate staff, build a united, creative, and effective corporate culture.

3. Professional Knowledge: A profound understanding of finance, banking, social policies, and laws related to VBSP’s operations.

4. Management Skills: The ability to effectively organize, manage, and control VBSP’s activities, ensuring safe, efficient, and transparent operations.

5. Professional Ethics: Honesty, integrity, objectivity, fairness, prioritizing collective interests over personal gain, and dedication to customer service.

VBSP’s General Director – A Bridge to Socio-Economic Development

The role of the VBSP’s General Director is not limited to managing the bank’s operations. It also serves as a crucial bridge connecting financial resources with socio-economic development needs, contributing to poverty reduction, rural development, and improving people’s living standards.

Frequently Asked Questions

1. What is the term of office for the General Director of VBSP?

The term of office for the General Director of VBSP is 5 years.

2. Who appoints the General Director of VBSP?

The General Director of VBSP is appointed by the Prime Minister.

3. How can I contact VBSP?

You can contact VBSP through their website, hotline, or by visiting the nearest branch/transaction office.

Learn more about the support policies of the Vietnam Bank for Social Policies:

• Policy on Loans for the Poor
• Policy on Loans for Students

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• Email: [email protected]
• Address: No. TT36 – CN9 Road, Tu Liem Industrial Zone, Phuong Canh Ward, Nam Tu Liem District, Hanoi.

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