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Mobile banking for the poor in Vietnam
Viet Nam
September, 2016
2022
Keywords
Entrepreneurialism; Access to finance; Education (adult)
Project description
Establish Vietnam Bank for Social Policies' (VBSP) mobile banking platform and prioritise women who face difficulties accessing mobile phone technology. The program seeks to support women�s economic empowerment, women-led microenterprises, enhancing women�s knowledge and ICT skills and identifying the most effective approaches for responding to female customers' needs.
Primary thematic area
Secondary thematic areas
Financial services
Business development; Skills training
Project details
Umbrella programme
Accountable Org(s)
Vietnam Bank for Social Policies
Funding Org(s)
Australian Department of Foreign Affairs and Trade; Vietnam Bank for Social Policies
Implementing/
Partner Org(s)
Vietnam Bank for Social Policies; Mastercard; The Asia Foundation
Project contact
International Cooperation and Communication Department, 169 Linh Duong road, Hoang Liet ward, Hoang Mai district, Hanoi (pr.vbsp@gmail.com) (VBSP: 024.36417226 - 02436417203)
Funding (USD)
Committed
Spent
$
$2,740,949
$
N/A
Project website
https://thebpp.com.au/partnership/mobile-banking-for-the-poor-in-vietnam/
Australian Aid Budget Summary, p.68: <https://www.dfat.gov.au/sites/default/files/2019-20-australian-aid-budget-summary.pdf>
https://thebpp.com.au/wp-content/uploads/2019/01/Press-release-_Phase-Two-Launch-06.9.2019.pdf
D-Portal link
Project evaluation
Evaluation source
N/A
Evaluation methodology
N/A
Programme targets
The second phase of this initiative (2019-2022) will establish VBSP's mobile banking platform and prioritise women who face difficulties accessing mobile phone technology (as identified in a gender assessment). VBSP and Mastercard will develop the platform together and provide financial literacy training to 51,000 people. It is expected that 2,350 people will adopt the mobile banking platform by the end of year three.
Results achieved
The first phase of the partnership exceeded planned targets, reaching 5.1 million clients (51 per cent of whom were women) across 63 VBSP branches with SMS account-related notifications.
Targets met?
The second phase of this initiative (2019-2022) will establish VBSP's mobile banking platform and prioritise women who face difficulties accessing mobile phone technology (as identified in a gender assessment). VBSP and Mastercard will develop the platform together and provide financial literacy training to 51,000 people. It is expected that 2,350 people will adopt the mobile banking platform by the end of year three.
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