VietED Foundation

1. Background Information

VietED Foundation is a non-for-profit organization aiming to reduce the vulnerability and improve the business skills and livelihood of households, mainly focusing on low-income households living in rural, mountainous and/or extremely difficult areas. The Foundation aims at trying to support Low-Income Households and Economy Development (also known as the VietED Foundation) within the rural areas of Vietnam. VietED Foundation was created through the use of capital contribution from the founding members. The organization was established on the 28th of April in 2011 by the Ministry of Interior, decision 977/QD-BNV, operating under Decree No. 148/2007/ND-CP dated 25/09/2007. The Foundation can offer its services through receiving fees-paid basis, soliciting donations, voluntary contributions from individuals from organizations based in both Vietnam and outside the country.

2. History

VietED Foundation was established by a team of micro-finance and community development experts who have experience in designing and implementing projects funded by international NGOs, the Ministry of Science and Technology, the Ministry of Agriculture and Rural Development, and the Viet Nam microfinance network. Inspired by the share desire to contribute more to community development of Vietnam and inherently reducing poverty, the team gathered in April 2011 to create VietED Foundation. VietED’s goal in the long-run is to become a legal and professional organisation that can optimise internal and external resources to serve the economic development of low-income households. Ever since the establishment of the Foundation in 2011, VietED staff strives to build a professional and creative organization that facilitates impressive work both within the office and with the clients that we assist. Besides offering quality microfinance services to low-income clients, the Foundation also offers consultancy and capacity building engagement to other microfinance organizations to help improve their product and service quality as well as increasing their sustainability.

3. Functions

Licensed to operate at the national level, the VietED Foundation focuses on supporting the economic development of Vietnamese households through the research and application of advanced science technological tools and successful economic models. The Foundation’s main functions are:

– To mobilize donation and investment capital to provide microfinance services to low-income households and micro-enterprises.

– To test, evaluate and replicate sustainable models in microeconomics and agricultural development such as new livelihood development, business skills building, financial support, market connection, and agricultural product branding.

– To offer training and capacity building in the fields of microfinance and business development; provide technical extension services in the fields of agriculture, forestry and fishery to household to help them use their loans efficiently for business development.

With the slogan “Poverty Reduce Together”, VietED Foundation strives to become a professional consultant organization with services provided nationwide to support the linkage between community and resources, also ensure missions of VietED group: financial linkage, market linkage and knowledge linkage.