What does it mean to be poor in Vietnam? In Hanoi in the late 80s, poverty was all around. Most of the population then was living under the international poverty line ($1.25 per day). Because there were no living standard surveys to measure poverty, there was no clear indication of what it meant to be poor. A rich person at that time was someone with […]
On 11 March, the Government issued Decree No. 39/2018 / ND-CP detailing some articles of the Law on Support to Small and Medium Enterprises. This Decree clearly stipulates criteria for determining small and medium enterprises. Criteria for determining small and medium enterprises Accordingly, the decree stipulates that small and medium enterprises are classified by size including micro enterprises, small enterprises and medium enterprises. Micro enterprises […]
It’s nighttime and the streets are bustling in Vietnam’s cities and towns. Buoyed by years of strong growth, the country has a burgeoning middle class with purchasing power to sustain restaurants and cafes, full and open late into the night, busy retailers and a high penetration of mobile phones – more than one per person. The economy, however, continues to run on cash and a […]
Microfinance works to improve economic conditions for poor clients, help them increase their incomes and improve their lives, by providing financial services to them. In fact, the poor often have difficulty accessing formal financial services due to a number of barriers, especially without collateral, when accessing formal credit services. In addition, MFIs are aiming to provide long-term clients with the ability to access sustainable financial […]
To our partners, We share hereby the English version of CIRCULAR No. 03/2018/TT-NHNNON on LICENSING, ORGANIZATION AND OPERATION OF MICROFINANCE INSTITUTIONS. Please find the detailed document in the attached below: 03_2018_TT-NHNN_Eng version Thank you!
Nguyen Thi Thuy, 28 years old, lives with her grandmother and her mother-in-law has a child who lives in Dai Hoa village, Tay Dao district, Ba Vi district, Hanoi, Vietnam. In the 4th grade house there are 5 members in the same family, her family has built a house incomplete incomplete because no money to complete next. Ms. Thuy Thanh Hoa is married here, so […]
Kieu Thi Thanh was born in 1971 and is currently living in Vi Ye village, Tien Phong commune, Ba Vi district, Hanoi, Vietnam. Thanh has 3 grandchildren who are going to study her husband, the poor health is hard to work hard at home only few chickens, ducks. The family mainly relied on the money she earned about 2,000,000 from the eggs and hatcheries so […]
Microfinance institutions (MFIs) worldwide and in Vietnam are strong in providing products and services suitable to poor and low-income customers as their vision, strategy and business model from inception focus on this market segment. However, along with the robust development of information technology, digital financial services, agent banking as well as the trend and strategy of financial inclusion development across the globe and in Vietnam, […]
On December 15, 2017, with the support of ADA and SECO, VMFWG, together with SBV and IFC co-organized the workshop on Technology-based Business Models in Support of Financial Inclusion in Vietnam. Participants attending the event include Secretary General of Vietnam Banks Association, former Deputy Governor of State Bank of Vietnam Nguyen Toan Thang, and 111 representatives from the Vietnam Government, Ministries, Central agencies and organizations, […]
On June 12, 2017, the Prime Minister issued Decision No. 20/2017 / QD-TTg regulating the activities of microfinance programs and projects of political organizations, society, non-governmental organization. Subjects of application under the Decision are political organizations, socio-political organizations and non-governmental organizations; The ministries, the ministerial-level agencies, the agencies attached to the Government, the People’s Committees of the provinces and cities, the organizations and individuals involved […]