Vietnam Bank for Social Policies (VBSP), one of the two social policy banks under the government, offered preferential loans worth VND19.1 trillion ($819.74 million) to 567,000 poor households, near-poor households, and poor households escape poverty in the first quarter of this year. The bank helped create more than 52,000 jobs, build over 256,000 clean water and environmental sanitation works, and nearly 1,800 houses for policy beneficiaries in the quarter. VBSP has a credit growth target of 8% y/y, or VND13.21 trillion, for 2019. By the end of December 2018, VBSP’s total capital climbed 10.86% y/y to VND194.42 trillion. Its total policy loans increased 9.3% y/y to VND187.79 trillion at the time. (VTV, Bao Chinh Phu, Thoi Bao Tai Chinh Viet Nam, Bao Dan Sinh, Thoi Bao Ngan Hang, nhcsxh.chinhphu, vietbao)
