This post is also available in: Tiếng Việt (Vietnamese)
The State Bank and Vietnam Microfinance Working Group have just announced 2015 Citi – Vietnam Microentrepreneurship Awards (CMA2015).
This is a global and annual event sponsored by Citi Foundation – Citibank Vietnam to value customers and microfinance institutions with outstanding contributions to the development of the microfinance sector in Vietnam, contributing positively to poverty reduction.
CMA program recognizes the contributions of 391 typical microfinance clients, 114 outstanding loan officers, and 59 typical microfinance institutions from 2007 to present in Vietnam.
Mr Nguyen Kim Anh, Deputy Governor State Bank of Vietnam stated that: “Microfinance activity in the last three decades have had a positive economic and social impact, contribution effectively to the eradication of hunger and poverty by the policy of the Party and State”.
Deputy Governor of Vietnam State Bank claimed that the program had significant humane meaning to recognize and honor the great achievements of microentrepreneurs Vietnam. It also noted the positive contributions of individuals and organizations typical microfinance in the process of providing quality financial services to the poor and the low-income households in Vietnam.
CMA program in 2015 was hosted by Vietnam Microfinance Working Group (VMFWG) with the support of the State Bank of Vietnam (SBV) and the Association of Small and Medium Enterprises Vietnam (VINASME).
Earlier, the State Bank of Vietnam, the International Finance Corporation (IFC) and Vietnam Microfinance Working Group also co-organized the following seminar: “The legal framework and resources to develop sustainable microfinance in Vietnam”.
The seminar has updated legal regulations, provided orientation for legal documents about microfinance activities in Vietnam, and concluded the preliminary implementation of Decision No 2195 (period 2012-2014).