Minister and President of the Central Bank of Cuba visited and worked with the Bank for Social Policies

On November 20, the delegation of senior leaders of the Central Bank of Cuba led by Ms. Juanna Lilia Delgado Portal - Minister, President of the Central Bank of Cuba visited and worked at the Bank for Social Policies (BSP). Accompanying the delegation were representatives of a number of ministries, branches, Presidents of a number of banks in Cuba; representatives of the Cuban Embassy in Vietnam and representatives of the State Bank of Vietnam. In the early days of winter, when the weather started to get cold, under the majestic Rong house roof, the Ba Na people in all villages in Kon Tum city, Kon Tum province enthusiastically organized the National Great Unity Day. The issue of preferential allowances for jobs is not attractive enough, especially for teachers working in remote areas, where the socio-economic conditions are difficult, was raised by many National Assembly deputies during the discussion session on the Law on Teachers at the 8th Session, the 15th National Assembly. Delegates said that it is necessary to pay attention to the lives and incomes of teachers to resolve the difficulties in education work that exist in this area. In the early days of winter, when the weather starts to get cold, under the majestic Rong roof, Ba Na people in all villages in Kon Tum city, Kon Tum province enthusiastically organized the National Great Unity Festival. In recent years, Chiem Hoa district (Tuyen Quang province) has paid special attention to preserving and promoting cultural values, thereby contributing to preserving and creating a useful and meaningful environment to promote the traditional cultural values of ethnic groups in the area. On November 20, a delegation of senior leaders of the Central Bank of Cuba led by Ms. Juanna Lilia Delgado Portal - Minister, President of the Central Bank of Cuba visited and worked at the Bank for Social Policies (NHCSXH). Accompanying the delegation were representatives of a number of ministries, branches, and Presidents of a number of banks in Cuba; representative of the Cuban Embassy in Vietnam and representative of the State Bank of Vietnam. In the gray rocky land of Meo Vac - Ha Giang, where there are overlapping mountain ranges and remote villages, there is a kindergarten teacher whose name has become familiar not only to students but also to the people here. That is teacher Hoang Dai Nghia, who has devoted more than 14 years to the cause of education in remote areas, helping children open the door to knowledge, rising from the difficulties of life. On the afternoon of November 19, at the main campus (No. 58, Le Van Hien Street, Duc Thang Ward, Bac Tu Liem District, Hanoi), the Academy of Finance held a ceremony to celebrate Vietnamese Teachers' Day and National Great Unity Day. This is a very practical event, aiming to honor the contributions of generations of teachers - those who have devoted their hearts and minds to the cause of education, and at the same time cooperate in training high-quality human resources, contributing to the socio-economic development in ethnic minority and mountainous areas, arousing national pride and solidarity, the will to strive for a sustainable future in the new era - the era of rising up with the nation. CHECK THE PHOTO CAPTIONS. The summary news of the Ethnic and Development Newspaper, on November 20, has the following notable information: Happiness from the profession of sowing letters. The majestic "Northwest's first cave" Pu Sam Cap. Mong people at the foot of Cum Co mountain. Along with other news in ethnic minority and mountainous areas. That was the directive speech of Deputy Minister, Vice Chairman of the Ethnic Committee Y Thong at the Opening Ceremony of the new school year 2024-2025 and the Anniversary of Vietnamese Teachers' Day November 20 at the Ethnic Academy, held on November 20. Attending the Opening Ceremony were leaders of a number of departments and units under the Ethnic Committee; Board of Directors, teachers, staff, workers and students of the Ethnic Academy. On November 20, the People's Committee of Ho Chi Minh City. Buon Ma Thuot, Dak Lak province held a ceremony to announce Ea Kao commune meeting advanced new rural standards in 2023. The Ministry of Labor, War Invalids and Social Affairs (MOLISA) issued Decision No. 1861/QD-BLDTBXH on the Plan to implement a number of tasks and solutions to prevent and minimize collective labor disputes and strikes, contributing to stabilizing security and social order as required in Official Dispatch No. 2176/VPCP-KTTH dated June 7, 2024 of the Government Office. On the morning of November 20, at the Provincial Conference Center, the 4th Congress of Ethnic Minorities of Vinh Phuc province - 2024 with the theme "Ethnic groups of Vinh Phuc province unite, promote advantages, potentials, integrate and develop sustainably" was officially opened. Deputy Minister, Vice Chairwoman of the Ethnic Minorities Committee Nong Thi Ha attended and delivered a speech at the Congress. The summary news of the Ethnic Minorities and Development Newspaper, on November 20, had the following notable information: Happiness from the profession of sowing knowledge. The majestic "Northwest's first cave" Pu Sam Cap. Mong people at the foot of Cum Co mountain. Along with other current news in ethnic minority and mountainous areas.

Ms. Juanna Lilia Delgado Portal - Minister, President of the Central Bank of Cuba discussed at the working session with the People's Credit Fund

At the reception, General Director of the VBSP Duong Quyet Thang respectfully welcomed and sent best wishes to the delegation of senior leaders of the Central Bank of Cuba during their visit and work in Vietnam, including the VBSP. The General Director introduced the highlights in the process of formation and development of the VBSP to the delegation.

From the first steps with the Preferential Loan Fund for the Poor established in 1995 to the Bank for the Poor under Decision No. 522/TTg of the Prime Minister in the same year until the official establishment of the Social Policy Bank on October 4, 2002 under Decree No. 78/2002/ND-CP on credit for the poor and other policy beneficiaries, the Social Policy Bank has always strived to fulfill its set goals, building an effective operating apparatus from the central to local levels.

General Director of the Vietnam Bank for Social Policies Duong Quyet Thang speaks at the meeting

As a special banking model and a tool of the Party and State to implement preferential credit policies, over 22 years of accompanying the poor and policy beneficiaries, the VBSP has overcome many difficulties and challenges, joined hands and hearts, strived to excellently complete assigned tasks, and promoted its role as an important economic lever of the State in sustainable poverty reduction. The practical operations of the VBSP have demonstrated the strong development and increasingly effective operation of the special policy credit channel in Vietnam. That is policy credit with the participation of the entire political system from the Central to the local level, wholeheartedly helping the disadvantaged to have opportunities for economic development, improve their quality of life, cope with objective risks, and form savings habits for the future.

As of November 19, 2024, the total outstanding debt of the Social Policy Bank reached more than VND 361,210 billion, with more than 6.8 million customers borrowing capital in more than 20 credit programs. Credit quality has always been maintained and is currently the bank with the best credit quality in the banking system in Vietnam. The Social Policy Bank model has received support and recognition from all levels, sectors and all classes of people, received the title "Hero of Labor" in the renovation period; highly appreciated by the World Bank and international organizations, contributing to the effective implementation of important policies, goals and tasks set forth by the Party and the State.

Working scene

Speaking at the meeting, Ms. Juanna Lilia Delgado Portal highly appreciated the operating model of the VBSP with its recognized contributions to ensuring social security so that no one is left behind. She also hoped that the two sides could cooperate, not only to learn from each other’s experiences but also to research and develop a policy credit product suitable for Cuba.

She also welcomed the relationship that is building the initial foundation between the VBSP and the Cuban People's Savings Bank (BPA), emphasizing that BPA is the bank with the largest branch system in Cuba, focusing on mobilizing savings and providing banking products suitable for localities, while also managing a number of government programs for social policy beneficiaries. She hoped that the VBSP and BPA could soon promote the exchange of experiences and cooperation between the two sides. The Minister and President of the Central Bank of Cuba also affirmed that the working session with the VBSP left her with many impressions and could be considered the most successful working session during her working trip to Asian countries.

At the end of the meeting, the two sides agreed to jointly research and enhance cooperation in the field of policy credit development, contributing to the development of solidarity and friendship between the banking sector in particular and traditional cooperation between Vietnam and Cuba in general.

General Director of the Bank for Social Policies works with Trang Bom district on social policy credit work

Source: https://baodantoc.vn/bo-truong-chu-tich-ngan-hang-trung-uong-cuba-tham-va-lam-viec-voi-ngan-hang-chinh-sach-xa-hoi-1732112690254.htm