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On December 14, 2017, VMFWG organized a workshop on Draft Circular on Licensing MFIs and Decision No. 20/QĐ – TTg in Hanoi for all VMFWG members to join and discuss the updated legal framework.

The goals of the workshop were (1) to update on the licensing process for MFIs in Vietnam and (2) to offer an opportunity for representatives from MFIs to present their needs to a trainer from SBV & clarify related issues concerning the process. The event attracted 39 participants from 23 organizations and was facilitated by a member of SBV who has been working on the Circular Draft directly.

The participants were highly active and the majority were very happy with Decision No.20 and agreed that the workshop provided them with applicable knowledge for their current work and plan. Ms. Pham Thi Mut from the Sustainable Economic and Environment Development Support Centre (Seeds) suggested that VMFWG should organize additional sessions for members to present their difficulties when applying for the official license and get direct advice from the trainer.