The State Bank of Vietnam published a report on the Vietnam Bank for Social Policies’ 2020–2025 conference recognising exemplary performance, including policy direction from Permanent Deputy Governor Dao Minh Tu. The update highlights the scale-up of social policy credit resources and lending, and points to further work to sustain the bank’s specialised operating model while strengthening the organisational and legal underpinnings for the 2025–2030 period. As of 30 April 2025, total funding for social policy credit was nearly VND 412 trillion, up VND 199.918 trillion (94.3%) from the start of the period, with average annual growth of 12.8%. Outstanding loans reached VND 386.467 trillion, serving nearly 6.9 million customers, with lending delivered across 100% of communes, wards and towns nationwide and prioritised for ethnic minority, mountainous and other disadvantaged areas. Over 2020–2025, the bank disbursed VND 541.498 trillion across more than 11.8 million loans, supporting over 3.7 million jobs, nearly 11,000 borrowers who had completed prison sentences, nearly 350,000 disadvantaged students and the construction of nearly 8 million rural water and sanitation works; local-government entrusted funds totalled VND 60.374 trillion, increasing their share of total funding from 3% to 14.6%. In implementing the Government’s Resolution 11/NQ-CP programme, the bank fully used its government-guaranteed bond issuance limit of VND 38.4 trillion and disbursed to over 615,600 customers, alongside providing interest-rate support under Decree 36/2022/ND-CP. Looking ahead, the Deputy Governor instructed the bank to implement Party directives on emulation and on improving the effectiveness of social policy credit, review and propose improvements to the legal framework for its organisation and operations, and streamline the organisational structure while strengthening staff capabilities. The conference also launched an internal emulation campaign for 2025–2030 and signed emulation commitments.
State Bank of Vietnam 2025-05-19
State Bank of Vietnam outlines next-phase priorities for Vietnam Bank for Social Policies as policy-credit funding reaches nearly VND 412 trillion
The State Bank of Vietnam reported on the Vietnam Bank for Social Policies’ 2020–2025 conference, highlighting a 94.3% increase in social policy credit funding to nearly VND 412 trillion and significant lending achievements. The bank disbursed VND 541.498 trillion across over 11.8 million loans, supporting job creation, disadvantaged students, and rural infrastructure. The bank aims to enhance its legal framework and organisational structure while launching an internal emulation campaign for 2025–2030.