The Bank for Social Policies is a State credit institution operating for non-profit purposes. It is a legal entity, has its charter capital, balance sheet and seal, is entitled to open accounts at the State Bank, the State Treasury and other credit institutions in Vietnam.

The Bank for Social Policies is a concentrated cost-accounting unit in the whole system, which is responsible before law for its activities, preserves and develops capital, and offsets operation expenses and risks. It shall not have to participate in deposit insurance, have compulsory reserve rate of 0%, and be exempt from taxes and State budget remittances.

Its financial activities shall comply with the Government's Decree No. 78/2002/ND-CP of October 4, 2002 on credits for poor households and policy beneficiaries, the Financial Management Regulation applicable to the Bank for Social Policies issued together with the Prime Minister's Decision No. 180/2002/QD-TTg of December 19, 2002, this Circular's guidance and other relevant documents on financial management.- (Summary)