In 2019, in the context of a volatile world economy, Vietnam was one of the few countries that has maintained the growth momentum and gained outstanding achievements in economic development. The joint success was thanks to the active participation of socio-political organizations. The Vietnam Women’s Union with the theme of activities in 2019 as “a safe year for women and children” has organized many support activities for women and children, which was highly appreciated by the whole society.
In the field of supporting women in economic development, 2019 recorded outstanding milestones of the Tinh Thuong One member Limited Liability Microfinance Institution (TYM) – under the Vietnam Women’s Union. By the tireless efforts of 538 employees in 2019, TYM achieved an impressive result, which was a stable growth rate of over 20% in key indicators such as the number of members and clients, loan portfolio and savings balance. A lot of changes in policies and products were implemented with a customer centered approach. Responsive services and products were the focus of TYM’s efforts. Besides, many meaningful social activities continued to be maintained and have brought positive effects in the communities where TYM operates.
With outstanding results and activities in 2019, TYM has affirmed its position as the leading microfinance institution in Vietnam. TYM is proud to be a living reality of gender-based microfinance operation, an active member of the domestic and foreign microfinance community, and a reliable partner organization in Vietnam and around the world.
2020 is a crucial year in Vietnam’s development path. For the Vietnam Women’s Union (VWU), in 2020, it is more meaningful as it is the year of the 90th anniversary of VWU’s establishment, the first year in which the VWU and other relevant agencies implement the National Inclusive Finance Strategy until 2025, with orientations to 2030. As a microfinance institution under VWU, TYM will constantly renew itself to improve its operational efficiency and quality and safety of its products and services. TYM shall strive for the trust that the Vietnam Women’s Union, authorities, partners and women have always put in us in the past 28 years and contributing actively to the development of a prosperous Vietnam.
Nguyen Thi Thu Hien