Online conference of the Board of Directors with the Board of Directors' representatives of the Social Policy Bank at all levels

STO - On June 5, the Board of Directors of the Vietnam Bank for Social Policies (VBSP) and the Board of Representatives of the VBSP at all levels held a regular online meeting to evaluate the performance of the VBSP in the first 5 months of the year and deploy tasks for the last months of the year.

Meeting scene at the bridge point of the Social Policy Bank, Soc Trang Province Branch. Photo: QUANG BINH

Comrade Nguyen Thi Hong - Governor of the State Bank, Chairwoman of the Board of Directors of the Social Policy Bank chaired the meeting. Attending at the bridge point of the Social Policy Bank, Soc Trang Branch were Comrade Lam Hoang Nghiep - Member of the Standing Committee of the Provincial Party Committee, Permanent Vice Chairman of the Provincial People's Committee; Board of Directors of the Social Policy Bank, Provincial Branch and related units.

According to Mr. Duong Quyet Thang - Member of the Board of Directors, General Director of the Vietnam Bank for Social Policies, as of May 31, 2025, the total outstanding policy credit balance reached VND 389,388 billion, an increase of VND 21,757 billion compared to 2024 with more than 6.8 million customers with outstanding loans. Social policy credit capital has contributed to stabilizing and developing the economy , ensuring social security, effectively implementing the National Target Programs on sustainable poverty reduction, building new rural areas and developing the economy - society in ethnic minority and mountainous areas.

In Soc Trang, by May 31, 2025, the loan turnover reached over VND 948.6 billion, with 19,075 customers receiving loans, achieving 71% of the credit growth plan assigned by the Central Government. The total outstanding policy credit balance at the unit reached over VND 6,115 billion, an increase of 6.24% compared to 2024. Policy credit capital is increasingly affirmed and promoted with great efficiency in the province.

Concluding the meeting, Governor Nguyen Thi Hong highly appreciated the performance of the entire system in the first 5 months of the year. Thereby, she requested that the VBSP at all levels continue to closely follow the direction of the Secretariat and effectively implement Resolution No. 111/2024/QH15 of the National Assembly on implementing national target programs. At the same time, focus on mobilizing capital from organizations and individuals in the market to meet disbursement needs, ensuring liquidity of the entire system. Units strengthen coordination with Party committees, authorities, and entrusted socio -political organizations to improve credit quality; promote communication, promote digital transformation, and develop comprehensive financial products for the poor and policy beneficiaries. Pay attention to directing and reviewing the development of a plan for entrusted capital sources from local budgets in 2025...

QUANG BINH

Source: https://baosoctrang.org.vn/kinh-te/202506/hoi-nghi-truc-tuyen-hoi-dong-quan-tri-voi-ban-dai-dien-hoi-dong-quan-tri-ngan-hang-chinh-sach-xa-hoi-cac-cap-20a27d8/