Outstanding social policy credit balance among ethnic minorities reaches nearly 2,548 billion VND

15:26, July 31, 2023

On the morning of July 31, Deputy General Director of the Vietnam Bank for Social Policies (VBSP) Hoang Minh Te inspected the implementation of social policy credit work in ethnic minority areas in the province.

According to data from the People's Credit Fund, Dak Lak Branch, up to this point, the total outstanding social policy credit balance in Dak Lak province has reached more than 6,877 billion VND, an increase of more than 547 billion VND compared to the end of 2022.

The outstanding balance of credit programs for ethnic minorities alone is nearly 2,548 billion VND, with 74,999 customers still in debt. Credit quality is effectively controlled, overdue debt and frozen debt account for only 0.14% of total outstanding debt.

The working group inspected the actual use of policy credit capital by customers.

At the meeting, comrade Hoang Minh Te assessed that Dak Lak province has paid attention to directing the implementation of credit programs of the Vietnam Bank for Social Policies; the scale and quality of credit in the province has increased significantly, contributing significantly to poverty reduction, especially poverty reduction in ethnic minority areas.

Deputy General Director of the Bank for Social Policies Hoang Minh Te and representatives of the Bank for Social Policies Dak Lak Branch presented gifts to borrowers.

In the coming time, the province needs to further promote the role and responsibility of local Party committees and authorities in social policy credit work to make it easier for people to access capital; focus on vocational training so that people can use loans effectively. At the same time, the Vietnam Bank for Social Policies, socio- political organizations and loan group leaders need to monitor the use of loans by borrowers to ensure the right purpose in order to increase income for poor and near-poor households and other policy beneficiaries.

Deputy General Director of the Vietnam Bank for Social Policies Hoang Minh Te spoke at the working session with leaders of Ea Yong commune (Krong Pac district).

During the working program, the delegation inspected the implementation of social policy credit in ethnic minority areas in Ea Yong commune (Krong Pac district). This locality has more than 4,000 households, with 19,153 people, of which 47.9% are ethnic minorities. Up to this point, the total outstanding policy credit balance in the commune has reached more than 33 billion VND, an increase of 1.1 billion VND compared to the end of 2022.

The working delegation visited ethnic minority borrowers and inspected and grasped the situation of loan use by customers.

Minh Chi

Source: https://baodaklak.vn/kinh-te/202307/du-no-tin-dung-chinh-sach-xa-hoi-trong-dong-bao-dan-toc-thieu-so-dat-gan-2548-ty-dong-6050f95/