Microfinance provides leverage for women to escape poverty: official
Microfinance, with easy access to capital, is an effective measure to strengthen the confidence of women and encourage their engagement in production activities, thus improving incomes and reducing poverty, stated Deputy Governor of the State Bank of Vietnam Nguyen Kim Anh.
Hanoi (VNA) – Microfinance, with easy access to capital, is an effective measure tostrengthen the confidence of women and encourage their engagement in productionactivities, thus improving incomes and reducing poverty, stated Deputy Governorof the State Bank of Vietnam Nguyen Kim Anh.
Addressing aconference in Hanoi on September 25, Anh said that microfinance in Vietnam haslong been one of the key components of the financial system and an efficienttool for poverty reduction.
The majority of thepolicy beneficiaries are low-income, disadvantaged, and vulnerable groups insociety, and women in particular, she said.
Statistics have shownthat in recent years, the ratio of poor households based on the new povertystandards has reduced from 9.88 percent in 2015 to 6.7 percent in 2017, alongwith a strong rise in average household incomes.
However, she also pointedto a number of shortcomings in Vietnamese microfinance, such as small-scale andlimited range of products and services, along with an incomplete and incoherentlegal framework.
Moreover, financialmanagement consultation, support, and education activities for customers ofmicrofinance have been inefficient, which will pose negative impacts on the long-termeconomic development of business households, including women, Anh added.
Addressing the event, TranThanh Long, Director of the Phu Yen branch of the Banking Academy, said thatfinancial, social, and human resources are the three major demands of low-incomecustomers. He stressed the need for financial education to promote the qualityof human resources.
Long held that privatefinance education helps enhance the efficiency of capital use, ensuring thesafety of loans and preventing violations from intermediary organisations.
The current financialeducation programmes have yet to meet the demands of customers, he said,stressing that vulnerable groups must be trained in microfinance before receivingloans in order to optimise the use of borrowed capital. At the same time, it isnecessary to train lecturers and build suitable courses on specific subjects forloan borrowers. –VNA
The Prime Minister has issued Decision 1058/QD-TTg approving a project on restructuring the system of credit institutions in combination with settling bad debt for the 2016-2020 period.
A one-year management training course for some 200 female entrepreneurs has just been completed under a project run by Tinh Thuong One Member Limited Liability Microfinance Institution (TYM) and the New York-based Citi Foundation.
Financial development with a focus on financial inclusion for people of all incomes will be the key for stable economic development, Vice Rector of HCM City Open University Nguyen Minh Ha said at Vietnam’s Business & Economics Research Conference that ends on July 24.
Ho Chi Minh City aims to reduce the number of poor households by 0.8 percent next year and raise the average income per capita of these households by 3.5 times by 2020 compared to 2011.
All 20 crew members aboard the Vietnamese oil tanker GT Unity were successfully rescued from a fire in the vessel’s engine room, thanks to the swift response of the Liberian-flagged ship Androusa and Vietnamese maritime rescue teams.
Describing Agent Orange as one of the most severe and enduring legacies of the war in Vietnam, Vietnam's former Honorary Consul to Belgium Joseph-Michel de Grand Ry warned that its impact – still affecting generations more than five decades later – could last another two to three decades.
Running from August 4 to September 2, under the hashtag #TuHaoVietNam, the campaign invites participants in two categories: “I Love My Country” video clips and “I Love My Country” check-in photos.
Decree No. 219/2025/ND-CP, which took effect on the issuance date, introduces amendments that integrate the procedure for reporting and explaining the demand for foreign workers into the process of submitting applications for work permits.
With a tight 13-month deadline, the move is under a strategic and urgent policy to bridge educational gaps, train the local workforce, and shore up territorial sovereignty in some of the country’s most remote areas.
The parade and personnel send-off ceremony will officially take place on August 10 at the area surrounding the Statue of King Ly Thai To and Dinh Tien Hoang street of Hoan Kiem ward, with the participation of nearly 3,000 officers, soldiers, and local residents.
According to national technical regulations, AIS installation is mandatory for boats carrying more than 50 passengers. However, operators of smaller vessels (under 50 seats) in Ha Long Bay have voluntarily committed to completing installation by the deadline to enhance operational safety.
The activities include a Vietnamese language teaching training course for overseas Vietnamese teachers from August 13 to 28 in Hanoi, Ninh Binh, and Thai Nguyen.
Specifically, the ships will carry out patrols from 7am to 6pm daily along the main tourist routes in Ha Long Bay, with one ship permanently stationed at Ti Top island. From 6pm to 7am the following day, the mobile vessels return to Tuan Chau island to maintain a 24/7 on-call duty shift, ensuring constant readiness.
The Ministry of Construction (MoC) plans to open to traffic 208km of expressways of six key projects by August 19, bringing the country’s total expressway network to 2,476km.
As of July 1, a two-tier local government model started in 34 provinces and cities, streamlining administration but creating a surplus of public properties. If not promptly addressed, these assets could become a financial burden.
Whether they grow up to become journalists, diplomats, or professionals in other fields, these children can one day become bridges of friendship and cooperation, telling new and inspiring stories of Vietnam – China relations, said Ambassador Pham Thanh Binh.
A 21-year-old Indian tourist was successfully resuscitated and treated by doctors at Hoan My Da Nang Hospital after a near-drowning incident left him in critical condition. After three days of intensive care, the man was discharged from the hospital and has since returned to India.
In an document issued on August 5, the PM emphasised the need to stablise living conditions for people hit by floods, landslides, and flash floods in late July and early August in northern and north-central provinces, especially Dien Bien, Son La, and Nghe An which suffered some of the worst damage.
Although millions of Vietnamese were affected by AO, only over 626,000 individuals, including war veterans and their children suffering from dioxin-related conditions, are currently receiving state benefits.
The team’s haul, including one Champion title, 10 golds, seven silvers, and four bronzes, surpassed expectations. Vietnam, competing since 2019, has secured over 200 AIMO medals, cementing its regional standing.
The guiding principle for revising the national energy master plan is that energy development must align with the country’s socio-economic development strategy. The energy system should be optimised as a whole, targeting sustainable and diverse development to ensure stable and adequate energy supply to meet national goals.
The Vietnam Disability Fashion Show 2025 aimed to honour the diverse beauty of individuals, promote humanistic values, and foster equality and social inclusion.
The Party and the Government pay special attention to accelerating the development of clean and green energy sources to support double-digit socio-economic growth target and ensure national energy security, focusing on developing the Ninh Thuan 1 and Ninh Thuan 2 nuclear power plants.
Illustrative image (Source: VNA) 
