Provincial Social Policy Bank deploys trust activities in 2024

Delegates attend the conference to deploy trust activities in 2024.

In 2023, the Bank for Social Policies and associations and unions at all levels of Dien Bien province closely coordinated and successfully completed social credit activities in the area. All operational targets completed 100% of the annual plan: Growth rate of 16.17% compared to 2022, outstanding loans reached 4,670 billion VND. Payment of trust and authorization fees was carried out promptly and in accordance with regulations; meeting the costs of serving the trust activities of associations and unions at all levels and the authorization activities of the Management Board of savings and loans, suitable for areas with difficult socio -economic conditions. Through trust activities, resources have been promoted, preferential credit capital has been quickly transferred to the right beneficiaries, achieving the goals and effectiveness of the programs, contributing to the completion of the socio-economic development goals of the province in 2023.

In addition to the achieved results, the entrustment activities in 2023 still have some limitations such as: The propaganda and mobilization of borrowers to participate in saving deposits in many localities have not complied with the Operating Convention of savings and loan groups, not ensuring the correct implementation of the purpose and meaning of the policy; the urging of interest and debt collection by some commune-level associations and unions has not been timely and complete; the inspection and supervision of some associations and unions at savings and loan groups and borrowers has not been regular and close to the grassroots level, so cases of bad debt and risks have not been promptly detected to prepare documents for handling. The coordination in handling overdue debts and urging the collection of outstanding interest in some places is still slow and not proactive, leading to the emergence of bad debts, overdue debts and outstanding interest.

The leaders of the Provincial Social Policy Bank commended collectives outside the branch that had outstanding achievements in implementing entrusted lending activities for the poor and other policy beneficiaries in 2023.

In 2024, the Vietnam Bank for Social Policies, Dien Bien branch, proposed 9 key solutions, striving to complete the main tasks and goals such as: Completing 100% of the capital mobilization plan assigned by the Vietnam Bank for Social Policies, 100% of savings and credit groups maintain and increase deposit balances with the rate of group members depositing money monthly according to the Convention reaching at least 90%; growth rate of about 8% compared to 2023, outstanding loans are estimated to reach 5,000 billion VND by the end of 2024. Interest collection reaches 100% of receivable interest. Good management of credit quality, striving for the ratio of overdue debt and debt cancellation to be less than 1% of total outstanding debt; the rate of groups classified as good and fair accounts for 98% or more...

On this occasion, the Bank for Social Policies, Dien Bien province branch, awarded 4 collectives and 12 individuals outside the branch for their outstanding achievements in implementing entrusted lending activities for the poor and other policy beneficiaries in 2023.

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