Improving development efficiency of credit for rural households through a system of people’s credit funds in Vietnam

Abstract

In the years of reform, our country’s rural-agriculture has changed strongly in the direction of economic development
of goods, initially appeared and formed a production market, consumption and diversified services, abundant. Due
to the production process, expanded services, capital flows of Agriculture-Rural in growing demand, while the credit
institutions and other financial institutions existing in rural areas not fully meet the needs of capital for production
development, which significantly affected the process of economic restructuring in agriculture. In this context, the
system of people’s credit fund showed a positive role in the development of credit to Agriculture-Rural. However, to
further promote the efficiency of the people’s credit funds in lending, especially for objects rural households, it is
necessary to further the innovative solutions, consistent with the trend of economic development and society