About 30% of students studying each year receive loans.

According to the Prime Minister's Decision on credit capital for students, about 30% of students studying each year will be able to borrow capital.

That is the direction of the Prime Minister in Decision No. 319/QD-TTg dated March 25, 2008 on credit capital for students according to Decision No. 157/2007/QD-TTg.

According to this decision, the Government will focus on mobilizing capital of about 30 to 35 trillion VND to establish a revolving fund for a 5-year study cycle (four years of study and one year of grace) for students in difficult circumstances to borrow for their studies. The Prime Minister assigned the Ministry of Finance to proactively arrange capital to provide the Social Policy Bank for a cycle of student loans; the Social Policy Bank is responsible for recovering the loan capital in the first cycle to establish a revolving fund for loans in the following cycles. In case the revolving fund capital is not enough, the Social Policy Bank will proactively seek other sources of capital to compensate.

Based on the functions and tasks of ministries, branches and localities, the Prime Minister also assigned specific tasks to the ministries of Planning and Investment, Labor - Invalids and Social Affairs, Finance; People's Committees of provinces and centrally run cities; and socio-political organizations to effectively implement this decision.

(According to People)