Policy credit helps women build economic independence
Preferential loans from the Vietnam Bank for Social Policies are giving millions of women greater opportunities to develop livelihoods increase incomes and gradually achieve economic independence for their families
The State Bank of Vietnam (SBV) and Vietnam Women's Union have partnered to help women gain easier access to credit and banking services, supporting their production activities, family care, and quality of life, says Pham Duc An, Governor of the State Bank of Vietnam. The Vietnam Bank for Social Policies (VBSP) plays a crucial role in providing preferential credit to eligible beneficiaries through the Women's Union at all levels.
As a result, loans entrusted to the Women's Union have exceeded $6.14 billion by the end of 2025, serving nearly 2.5 million borrowers and improving credit quality. For instance, in Van Han commune, Thai Nguyen province, local authorities, the VBSP, and the Women's Union collaborate to inform residents about preferential credit programmes, enabling women to shift from underperforming rice fields to cultivating tea, significantly boosting their household income.
The policy credit programmes by the VBSP provide preferential interest rates and empower women to develop livelihoods, improve community standing, and create jobs. To maximize benefits, policy credit should be accompanied by policy communication, financial literacy, and guidance on fund usage.
Written by urgent.news from Vietnam Investment Review's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
