Students can borrow VND1.25 mil per month for studies

Starting on January 9, 2016, students are eligible for borrowing VND 1.25 million (US$56.4) per month per student as per the Prime Minister’s decision.

Currently, a student can borrow VND1.1 million (US$49.6) a month for pursuing their studies.
Nguyen Van Ly, deputy director of the Vietnam Bank for Social Policy, said that for 8 past years, the credit program provides credit for poor students to help them pursuing their studies; accordingly, the program has contributed to promoting education and fairness amongst young people.

So far the bank has lent VND55 trillion (US$ 2.5 billion) to 3.3 million students.

By Lam Nguyen – Translated by Uyen Phuong

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