Hoi An effectively applies credit policy

Staff of the Transaction Office of the Social Policy Bank of Hoi An City study the effectiveness of preferential loans for people to produce and trade souvenirs. Photo: VIET QUANG

Evaluating the activities in 2024, Mr. Nguyen Van Lanh - Vice Chairman of Hoi An City People's Committee, Head of the Board of Directors of the Social Policy Bank (CSXH) of Hoi An City said that policy credit in the area has excellently completed the assigned tasks.

Notably, in 2024, although being entrusted with 7.7 billion VND of budget capital, Hoi An entrusted 10 billion VND to the Transaction Office of the Social Policy Bank of Hoi An City to lend to poor households and policies. Hoi An has maintained no overdue debt for many consecutive years, a bright spot in the quality of policy credit in the whole province.

The work of inspecting and supervising policy credit is seriously implemented by Hoi An. Along with contributing to eliminating poor households, reducing near-poor households, solving employment, promoting economic development, ensuring social security, the Transaction Office of the Social Policy Bank of Hoi An City actively participates in social charity work, and repaying gratitude.

The transaction office of the Social Policy Bank of Hoi An City coordinated with units entrusted with loan capital to organize capital mobilization in Tan Hiep island commune in 2024. Photo: VIET QUANG

According to Mr. Nguyen Van Lanh, Directive No. 39 clearly affirms the role and responsibility of Party committees, authorities, and socio -political organizations in improving the effectiveness of policy credit. Implementing Directive No. 39, Hoi An strives to expand the scope, scale, and beneficiaries of the policy, and increase the loan amount to suit the reality of life.

Ms. Nguyen Thi My - Director of the Transaction Office of the Social Policy Bank of Hoi An City said that implementing Directive No. 39, the unit prioritizes focusing resources and diversifying capital mobilization channels to effectively implement policy credit programs.

“We have proposed that the Board of Directors of the Social Policy Bank of Hoi An City entrust 10 billion VND from the budget to the Transaction Office of the Social Policy Bank of Hoi An City to lend to poor households and policies this year. Hoi An strives to have the local budget entrustment account for 15-17% of the total policy credit capital by 2030,” said Ms. My.

According to Ms. My, in the coming time, the Transaction Office of the Social Policy Bank of Hoi An City will increase risk management capacity, focus on internal inspection and control, closely monitor the activities of receiving trust from farmers' associations, women's associations, veterans, youth unions, and the situation of capital use by borrowers.

It is important to promptly provide products and support services that bring convenience to the poor and policies. We promote digital transformation in the operation and management of policy credit; ensure security, safety and confidentiality in operations.

Source: https://baoquangnam.vn/hoi-an-van-dung-hieu-qua-chinh-sach-tin-dung-3149459.html