Definition of Saving Savings is money put aside by an individual or household for use in the future. A key to good money management, savings help individuals and households manage risk, deal with emergencies, smooth income, build assets, and meet financial goals. People save by putting money aside when it comes in and by spending less when it goes out. Reasons to Save “… there […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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!
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 […]