Seminar on “The role and orientation of Vietnam Bank for Social Policies up to 2020”

With the support and cooperation of the Japan Economic Research Institute (JERI), the Vietnam Bank for Social Policies (VBSP) organized the seminar on sharing experiences on microfinance activities in the world with the theme “The role and orientation of VBSP towards 2020” in the VBSP Headquarters on 2nd December 2011. Attending the seminar included more than 30 representatives from international organizations, donors and financial institutions operating in the microfinance sector in the Philippines and all senior officers of VBSP. The seminar’s objectives are to share experiences in involvement in microfinance activities of government financial institutions, the recent development, and new product/service development of microfinance institutions and the draft of VBSP’s operation strategy towards 2020.

The seminar concluded five sessions. Session one kicked off by the opening speech by Mr. Duong Quyet Thang – VBSp’s General Director. The speech affirmed the importance of MF sector in Vietnam as well as the operation and orientation of VBSP up to 2020 through contents of discussion. Session two is the presentation by Mr. Phan Cu Nhan – Director of International Cooperation Department of VBSP with the topic “VBSP’s nine-year achievements and role and orientation of VBSP up to 2020”. Session three includes two presentations of two senior officers from LBP and CARD SME bank. Each institution shared their successful experience of government financial institution’s involvement in the Philippines microfinance sector and the recent developments of microfinance in new products/services that support customers in the Philippines. Session four is the open discussion with questions and answers related to the experience of microfinance operation among LBP, SME Bank of CARD and VBSP as well as the role and orientation of VBSP in futute. The discussion brought about fruitful results, consultancy and recommendation on microfinance operation, hosted by four representatives from JERI, LBP, CARD SME and VBSP. In the last session of the seminar, Mr. Vo Minh Hiep – Deputy General Director of VBSP summarized all topics, results of open discussion as well as suggestions for the support of international donors in the VBSP’s roadmap to financial sustainability and social security that is appropriate with the characteristics of the Vietnamese history, society and economy. In addition, Mr. Vo Minh Hiep on behalf of the organizers delivered closing remark for the seminar.

The seminar was highly appreciated in terms of the content and discussion, which was considered as an open forum for VBSP, donors, and microfinance practitioners. The seminar has actively contributed to the sustainable development of VBSP in particular and the Vietnam MF sector in general.

Source: VBSP website (www.vbsp.org.vn)