This is one of the tasks that the entire Social Policy Bank system will deploy and implement in 2024.
On the morning of February 15, 2024 (the 6th day of the Lunar New Year), in Hanoi , the Vietnam Bank for Social Policies (VBSP) held an online meeting at the beginning of Spring to the bridge points at the VBSP branches in provinces, cities and VBSP transaction offices in districts, towns and cities across the country. Deputy Governor of the State Bank of Vietnam (SBV) Pham Thanh Ha attended.
At the online meeting, on behalf of the Executive Board, General Director of the VBSP Duong Quyet Thang emphasized: From the beginning of 2024, the VBSP has proactively followed the direction of the Secretariat, the Government, the Prime Minister, and the State Bank of Vietnam to effectively implement the political tasks assigned by the Party and the State, ensuring effective and safe operations. In order to promptly meet the borrowing needs of policy beneficiaries for production and business development, units in the system have proactively mobilized capital to meet sufficient capital sources for credit growth.
Deputy Governor of the State Bank of Vietnam Pham Thanh Ha acknowledged and commended the achievements of the Vietnam Bank for Social Policies in 2023.
Total policy credit capital as of February 7, 2024 reached VND 351,721 billion ; of which, capital entrusted from the local budget reached VND 44,292 billion, an increase of VND 5,118 billion, 100% of branches received capital entrusted from the local budget in 2024. Typically, some branches received high increases in entrusted capital such as: Ho Chi Minh City (VND 1,068 billion), Cao Bang (VND 316 billion), Da Nang City (VND 11 billion), Ba Ria - Vung Tau (VND 177 billion), Hanoi City (VND 168 billion)...; Total outstanding policy credit reached VND 336,912 billion, an increase of VND 4,989 billion (+1.5%) compared to 2023, with more than 6.8 million customers with outstanding loans.
Scene of the online meeting at the Headquarters bridge
Recognizing and praising the achievements of the VBSP in 2023, Deputy Governor of the State Bank of Vietnam Pham Thanh Ha emphasized: With the important task entrusted by the National Assembly and the Government, the VBSP successfully implemented the preferential credit policy package in the 2022-2023 Socio-Economic Recovery and Development Program of the Government according to Resolution No. 11/NQ-CP dated January 30, 2022 of the Prime Minister. The VBSP system has taken the fastest action, resolutely implemented effectively, to the right subjects, for the right purposes, contributing to the whole country to soon help the economy overcome difficulties, not missing the beat with the global economic recovery process.
Entering 2024, Deputy Governor Pham Thanh Ha believes that with its good traditions, spirit of solidarity, determination to strive, and overcome all obstacles and difficulties, the People's Credit Fund will continue to develop into a "good-sized, safe and quality" bank, worthy of the trust of the Party, State and people.
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