Viet Rural Enterprise Development Center (VietED Foundation)
1. Background Information:
Foundation to Supports Low-Income Households and Economy Development (also known as the VietED Foundation) is a charitable organization established on April 28th, 2011 by Decision 977/QD-BNV of the Ministry of Interior, operating under Decree No. 148/2007/ND-CP dated 25/09/2007 of the Government. VietED Foundation was created with capital contribution from the founding members. The Foundation can generate operating fund by offering services on a fees-paid basis, soliciting donations, receiving voluntary contributions from individuals and organizations based in Viet Nam and outside the country. VietED Foundation is a not-for-profit organization aiming to reduce the vulnerability and improve the business skills and livelihood of households, especially low-income households living in rural, mountainous and/or extremely difficult areas.
VietED Foundation was established by a team of microfinance and community development experts who have great experience in designing and implementing microfinance and community development 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 and poverty reduction, the team gathered in April 2011 to create VietED Foundation, VietED’s goal 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 organisation. Besides offering quality microfinance services to low-income clients, the Foundation also offers consultancy and capacity building services to other microfinance organisations to help improve their product and service quality as well as increasing their sustainability.
3. Vision and Mission Vision:
Vision: “VietED Foundation acts for a poverty free society in Viet Nam”.
Mission: “We commits to build VietED Foundation become top 05 leading microfinance institutions in Vietnam, aiming to improve living standards, life and social skills, and reduce risks for low-income households, especially those living in disadvantage areas, by providing appropriate microfinance services, with professional staff.” Organisational culture: VietED Foundation respects its staffs and clients, is committed to building and maintaining a fair, transparent, and highly efficient environment. VietED ensures that information is always exchanged efficiently for continuous improvement and sustainable development. The Center focuses on five main cultural standards: Transparency, effectiveness, customer-oriented, creativeness, and teamwork.See more