Microfinance – Page 2 – Chương trình Tài chính Vi mô VietED

What will it take to end poverty in Vietnam? A few months ago, I journeyed to Lao Cai, a predominantly ethnic minority area in Vietnam’s Northern Mountains, to supervise a pilot survey. One older man I encountered—typical of many we saw—was a subsistence farmer with minimal education who spoke only his native language and had barely ventured beyond his village. Members of ethnic minority groups make up 15 percent of the country’s population but account for 70 percent of the extreme poor (measured using a national extreme poverty line). During…

Microfinance

Does Women’s Leadership in Vietnam Matter?

March 25, 2018March 25, 2018 chungsucgiamngheoMicrofinance in Vietnam, VietED MicroFinance0 comment

High primary enrollment ratios for girls and impressive female labour force participation rates are two striking examples of Vietnam’s progress on gender equality. On female leadership, however, Vietnam has a huge unfinished agenda. The good news is that a recent study by Grant Thornton (2013) shows women’s leadership in business is growing and 30 percent of Board of Director roles in Vietnam are held by women compared to the global average of 19 percent. Women’s membership in the Communist Party has also risen from over 20 percent in 2005 to more than…

Microfinance

Mapping Vietnam’s Poverty Indicators

March 25, 2018 chungsucgiamngheoMicrofinance in Vietnam, VietED MicroFinance0 comment

We just launched the new MapVietnam website at www.worldbank.org/mapvietnam/ which provides access to socioeconomic data at the province and district level in both English and Vietnamese. The site is intended to be a resource for journalists, policymakers, researchers, and citizens looking for information on social and economic situations at a local level. The maps illustrate Vietnam’s wide diversity, which can be lost in aggregate statistics. It is available in both English and Vietnamese. How do you use the site? Click on an indicator on the left then move your cursor over the…

Microfinance

How We Measure Poverty in Vietnam

March 25, 2018March 25, 2018 chungsucgiamngheoMicrofinance in Vietnam, VietED MicroFinance0 comment

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 either a motorbike or a television set, while a poor one was a street beggar or someone who did not have enough rice to eat. …

Microfinance

What are small and medium enterprises?

March 25, 2018March 26, 2018 chungsucgiamngheoMicrofinance in Vietnam, Microfinance Law in Vietnam, VietED MicroFinance0 comment

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 in the fields of agriculture, forestry, fishery and industry and construction have an average number of laborers participating in social insurance not exceeding 10 persons…

Financial Inclusion Microfinance

Vietnam’s financial inclusion priorities: Expanding financial services and moving to a ‘non-cash economy

March 25, 2018March 25, 2018 chungsucgiamngheoFinancial Inclusion in Vietnam, Microfinance in Vietnam, VietED MicroFinance0 comment

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 majority of adults still don’t have formal financial services such as a basic transaction account. Moving to a “non-cash” system is a priority for the…

Financial Inclusion Microfinance Value chain

VIETNAM MICROFIANCE INSTITUTION BECOME TO PROFESSIONAL ORGANIZATION, BECOME TO THE FIANANCIAL INTERMEDIATION AND SOCIAL INTERMEDIATION

March 20, 2018 chungsucgiamngheoFinancial Inclusion in Vietnam, Microfinance in Vietnam, Microfinance Law in Vietnam0 comment

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 services. Thus, microfinance is considered as a development tool for the poor, not just a financial service and it targets the following specific development goals:…

Microfinance

Circular no. 03/2018/tt-nhnn on licensing, organization and operation of microfinance institutions

March 16, 2018 chungsucgiamngheoMicrofinance Law in Vietnam0 comment

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!

Microfinance

Research Report on “Microfinance Products and Services: Current State and Development Solution”

March 15, 2018March 16, 2018 chungsucgiamngheoMicrofinance in Vietnam0 comment

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, these strengths have gradually become weaknesses. In this context, this study focuses on: (i) systematizing theories and practical experiences in the world related to microfinance…

Microfinance

Decision 20/2017-QD-TTg, date 12/6/2017 on regulations on activities of microfinance programs and projects

June 15, 2017March 16, 2018 chungsucgiamngheoMicrofinance in Vietnam0 comment

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 in the operation of microfinance programs and projects of political organizations, Socio-political organizations and non-governmental organizations. 1. Conditions for registration of microfinance program or project…