The State Bank of Vietnam (SBV) Governor Nguyen Thi Hong, in her capacity as Chair of the Board of Directors of the Vietnam Bank for Social Policies (VBSP), chaired the board’s regular fourth quarter 2025 meeting to review VBSP’s 2025 results and set priorities aimed at maintaining safe and effective delivery of social policy credit. By 31 December 2025, VBSP reported total capital of VND 426,262 billion, up VND 44,103 billion (11.54%) year on year, including VND 66,091 billion of local budget entrusted funds (up VND 15,410 billion) representing 15.5% of total capital. Outstanding policy credit reached VND 413,527 billion, with nearly 6.7 million borrowers. Debt quality was reported as stable, with overdue and frozen debt at 0.54% of outstanding loans (0.25% overdue and 0.29% frozen). The update also highlighted VBSP’s rollout of a new version of the Intellect Core Banking system and actions taken in disaster-affected areas, including a plan submitted for Prime Ministerial decision to reduce lending rates by 2% in 26 localities, with a total amount of VND 1,460 billion for more than 5 million customers, while not increasing the 2025 state budget compensation plan. For 2026, the board directed VBSP to continue advising Party committees and local authorities on implementing Directive No. 39-CT/TW, and to implement the Prime Minister’s Decision No. 1560/QD-TTg and the Ministry of Finance’s Official Letter No. 15124/BTC-DTCT on allocating local budget capital entrusted through VBSP. Priorities include mobilising additional funding, particularly entrusted local budget funds and 2% deposits from state-owned commercial banks, ensuring liquidity for the credit growth plan, coordinating with ministries to refine policy-credit mechanisms and VBSP’s organisational and operational rules, and strengthening technology use in risk management, credit monitoring and executive reporting.

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