The project is funded by the Australian Foreign Affairs and Trade Department (DFAT) under the framework of the Business Partnerships Platform. It aims at enhancing and improving access to financial services for poor and low-income households, especially women-run micro-enterprises.

Vietnam Bank for Social Policies launch a project for low-income users and women in Vietnam.

Mobile Banking 2 will continue for 2019-22 in 10 cities and provinces including Ninh Binh, Hoa Binh, Ha Giang, Lao Cai, Nghe An, Quang Tri, Binh Dinh, Dak Lak, Ho Chi Minh City and Can Tho.

Since the beginning of 2017, VBSP has been collaborating with the Asia Foundation (TAF) and Mastercard to implement the Mobile Banking 1 project to provide diversified and convenient digital payment services to customers, including poor people, and students in difficult circumstances, people with disabilities, ethnic minority people and overseas workers across the country, especially in rural, remote and mountainous areas.

The project also aims at implementing the plan for IT Development in VBSP to 2025 with the objective of developing the IT system towards technology renovation, product diversification, modern and safe banking services with high levels of knowledge and technology to enhance customers’ access to banking services, and enhance and modernise governance of VBSP.

Mobile Banking 1 (2017-18) produced positive results. VBSP has sent SMS messages to customers nationwide to provide information about their account balance, savings and payment due dates and information.

By the end of 2018, VBSP had sent SMS messages on a regular basis to 5.1 million customers across 63 cities and provinces, who have registered their mobile phone numbers with the bank. The successful implementation of regular SMS services for customers is highly significant in enhancing the transparency and efficiency of operations, providing timely information to customers.

Mobile Banking 2 will continue to improve SMS services to VBSP’s customers to ensure that 100 percent of customers register their mobile phone number, receive and understand the content of SMS and can provide feedback to the bank. Phase 2 will focus on supporting VBSP to develop the digital financial platform with the development of technology solutions for mobile banking services.

The project will help VBSP mainstream gender issues in the planning and implementation of their programmes, thus contributing to empowering women, who account for 60 percent of the bank’s customers.

Poor man to be paralytic without proper treatment

(BGO) – Duong Hoang Tra (born in 1984) in Long Van village, Phuc Son commune, Tan Yen district (Bac Giang province) used to have a happy family. He worked as a carpenter and his wife named Nguyen Thi Thu worked at a garment company. They got married with 3 children, the oldest is 9 years old and smallest is few month old.  

Benefit from “Accompanying poor women” Fund in Tan An commune

(BGO) - Thanks to proper collection, classification and treatment of household waste, the women’s union of Tan An commune, Yen Dung district, Bac Giang province earns some tens of million VND (some 432 USD) annually to support poor women and children.

120 scholarships presented to poor students in Long An

The Vu A Dinh scholarship fund, Nam A Bank, VinaCapital Foundation (VCF), and the Ho Chi Minh Communist Youth Union provincial chapter of Long An presented scholarships to 120 poor students with outstanding performance during a local ceremony on August 21. 

Bac Giang presents hope to poorest people

(BGO) – With the spirit “The leaves protect tattered ones”, the movement “Each organization or individual attaches to a humanitarian address” launched by the Red Cross Society in Bac Giang province has mobilized a huge source to support the poor under specific address. 

SMS campaign launched to support the poor

The Ministry of Information and Communications, in collaboration with the Ministry of Labour, Invalids and Social Affairs and the standing board of the Vietnam Fatherland Front (VFF) Central Committee, launched a text message campaign on August 17 to pool support for the impoverished nationwide.

Source: VNA