Author: chungsuc

Microfinance

What are small and medium enterprises?

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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…

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Financial Inclusion Microfinance

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

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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…

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Financial Inclusion Microfinance Value chain

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

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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:…

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Microfinance Clients

Safe vegetables Model in Ba Vi – Ha Noi

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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 the family only a few of her husband’s farm. As a child to two mothers have to take care of each other. Everyday, her husband…

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Microfinance Clients

New economic model: hatching eggs and selling

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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 the situation is very difficult, lacking. When she was informed by the Chairwoman of the Commune Women’s Union that there was a loan from the…

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Microfinance

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

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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…

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Financial Inclusion

Workshop on Technology-based Business Models in Support of Financial Inclusion in Vietnam

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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, 22 MFIs, Diplomatic Corps, international and local Non-Governmental Organizations (NGO). The event also attracted numerous reporters from credible newspapers and TV channels. The purposes of…

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Microfinance

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

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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…

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Microfinance

Rabobank visits the value chain of Quynh Luu

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On March 1-3, 2017, a team of RaboBank correspondents from the Netherlands visited and interviewed the implementation of Rabobank funding to support pineapple farmers in Quynh Luu and Nghe An through VietED Fund. Within the framework of the visit, the Rabobank’s correspondent greatly admired the will of the local people and was impressed by the work that VietED has been doing to help farmers overcome poverty. Officials from VietED sent a reporter from RaboBank to visit the pineapple forest in Quynh Luu and stopped visiting the pineapple field of Bui…

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