IMPACTS OF LOAN SUPPORT POLICY ON FARM INCOME IN VIETNAM

In Vietnam, as at 2017, although the total number of farms nationwide accounted for only 0.29% of the total number of economic units in the agricultural sector, they created 3.21% of the total production value of the whole sector.1 Since 2000, on the basis of promoting the establishment and development of the farm economy, the government of Vietnam has issued some long-term policies directed to this economic sector, particularly policies on land, taxation, labour, investment, science, technology, environment, market, property protection, and credit policy,2 seeking to exploit the most diverse potential forms of development of each area and region. Most financial services are provided by a few organizations, such as the Bank for Agriculture and Rural Development and the Bank for Social Policy, which assume key roles, while other units such as the People's Credit Fund, private financial organizations, and non-governmental organizations (NGOs) play negligible roles. [...]informal credit remains an important source of credit in rural areas. According to expert in the field of monitoring and evaluation Rick Davies, a theory of change defined as: "The description of a sequence of events that is expected to lead to a particular desired outcome"3.