Financial Inclusion Archives - Foundation to Supports Low-Income Households and Economy Development

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

March 25, 2018March 25, 2018 chungsucFinancial 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 chungsucFinancial 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:…

Financial Inclusion

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

December 15, 2017March 16, 2018 chungsucFinancial Inclusion in Vietnam0 comment

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…