15:16, 11/21/2023
On November 20 and 21, the working delegation of the Vietnam Bank for Social Policies (VBSP) led by Deputy General Director of VBSP Hoang Minh Te inspected policy credit work, especially the implementation of Resolution No. 11/NQ-CP dated January 30, 2022 of the Government on the implementation of social policy credit programs (Resolution 11) in the province.
The delegation inspected the site and worked with the leaders of Krong Bong district, Cu Kuin district and the Board of Directors of the People's Credit Fund, Dak Lak Branch.
Reporting to the working delegation, Mr. Dao Thai Hoa, Director of the Dak Lak Branch of the Social Policy Bank, said that up to this point, the total outstanding social policy credit balance in the province has reached more than 7,117 billion VND, an increase of 786.9 billion VND compared to the end of 2022, a growth rate of 12.43%, with over 167,000 households with outstanding loans.
Regarding the implementation of Resolution 11, the Provincial Board of Directors of the Social Policy Bank shall direct departments, branches, sectors, and local authorities to implement it urgently and seriously; direct the Social Policy Bank at all levels to proactively coordinate with the People's Committees of communes, wards, and towns, and socio-political organizations entrusted with synthesizing the list of customers in need, establishing and completing loan applications, and focusing on human resources to promptly disburse loans to customers. At the same time, coordinate with relevant units to inform and propagate to all classes of people and businesses in the province, creating all conditions for people to access and enjoy support policies quickly and promptly.
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| Deputy General Director of the People's Credit Fund Hoang Minh Te works with the Board of Directors of the People's Credit Fund Dak Lak Branch |
Up to now, Dak Lak has implemented 5/5 lending programs under Resolution 11, disbursing 8,088 loans, with an amount of nearly 428 billion VND. Specifically, loans to support employment, maintain and expand employment for 6,139 workers, with an amount of 271.3 billion VND; loans for social housing under Decree No. 100/2015/ND-CP for 195 households, with more than 66.6 billion VND; loans for students to buy computers, online learning equipment and cover learning expenses for 82 students, with an amount of 902 million VND; loans for 48 non-public preschool and primary schools, with an amount of 2.6 billion VND; lending to ethnic minority and mountainous households according to Decree No. 28/2022/ND-CP for 1,624 customers to change jobs and repair houses, with a capital of VND 86.4 billion. The remaining capital of VND 198 billion will be disbursed from now until December 2023. In addition, the Provincial Branch of the Vietnam Bank for Social Policies disbursed loans from policy credit programs with interest rate support of more than VND 3,230 billion to over 83,000 customers; implemented interest rate support of 2% for loans with interest rates above 6%/year, with a total interest support amount of VND 66.5 billion.
The Board of Directors of the Social Policy Bank, Dak Lak Branch, said that local conditions are still difficult, the rate of poor and near-poor households is still high compared to the national average. Therefore, in order for local authorities to effectively implement national target programs on sustainable poverty reduction, new rural construction and socio-economic development in ethnic minority and mountainous areas, the province recommends that the Vietnam Social Policy Bank and central ministries and branches pay attention to increasing preferential credit sources, especially loans to support job creation, job maintenance and expansion. In addition, the implementation of loans under Decree 28/ND-CP of the Government on socio-economic development in ethnic minority and mountainous areas is still slow, and some implementation guidance documents of ministries and branches lack consistency. Therefore, it is recommended that the Central Government provide specific guidance and increase the loan level for this program.
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| Working group inspects actual use of capital by borrowers |
Deputy General Director of the Vietnam Bank for Social Policies Hoang Minh Te acknowledged the determination of local Party committees, authorities and the Board of Directors of the Vietnam Bank for Social Policies at provincial and district levels in providing timely and effective direction in implementing policy credit, especially strengthening consultation on the extensive implementation of Directive 40 of the Secretariat and Resolution 11 after the COVID-19 pandemic; credit quality is always well controlled; inspection and supervision work is always focused on. At the same time, attention has been paid to supplementing capital sources through the Vietnam Bank for Social Policies to lend to people, with an amount of VND 434 billion.
In addition to the achieved results, the Working Group also requested the locality and the Board of Directors of the Provincial Social Policy Bank to strengthen consultation and direction to effectively implement Directive 40 of the Secretariat on strengthening the leadership of the Party over policy credit activities in the province; pay attention to supplementing capital from the local budget to join the central capital to create favorable conditions for people to borrow, because currently in Dak Lak, the local capital entrusted through is still very low (6%) compared to the national average (11.5%) and the Central Highlands region. In addition, the Board of Directors of the Provincial Social Policy Bank should strengthen direction to fully disburse allocated capital, helping people develop the economy and social security in the province; focus on inspection, supervision, and evaluation of loan subjects in accordance with regulations; promote the dissemination of policies and guidelines so that businesses and people can grasp and benefit.
Minh Chi
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