HomeEconomyAgricultureThe capital entrusted to VBSP has exceeded the yearly plan

The capital entrusted to VBSP has exceeded the yearly plan

Some branches of Social Policy Bank in provinces and cities received high levels of entrusted capital such as: Hanoi City 7.926 billion VND, Ho Chi Minh City 7.250 billion VND, Da Nang City 2.150 billion VND, Ba Ria - Vung Tau 1.789 billion VND, Binh Duong 1.942 billion VND…

Song Phuong commune, Dan Phuong district, Hanoi
Preferential capital helps many households in Song Phuong commune, Dan Phuong district, Hanoi develop fruit tree growing models - Photo: Duc Nghiem

Up to this point, the entrusted capital from local budgets to VBSP to lend for policy credit programs has reached over 5.000 billion VND, completing over 100% of the whole year 2024 plan.

Overall, after more than 9 years of implementing Directive No. 40-CT/TW of the Party Central Committee Secretariat on strengthening the Party's leadership over social policy credit, provinces and cities nationwide have prioritized social policy credit. First focus on spending more than 40.000 billion VND from the local budget entrusted to the VBSP system to add resources for poverty reduction and ensuring social security. In particular, a number of provincial branches of Social Policy Bank have received high levels of trust capital from localities since the implementation of Directive No. 40 such as: Hanoi City 7.926 billion VND, Ho Chi Minh City 7.250 billion VND, Da Nang City 2.150 billion VND VND, Binh Duong 1.942 billion VND, Ba Ria - Vung Tau 1.789 billion VND, Dong Nai 1.392 billion VND...

As of December 31, 12, the country's total policy credit capital reached over 2023 billion VND. This is the basis for VBSP to lend to over 346.000 million poor households, near-poor households and other policy beneficiaries by 2023 with a total system-wide loan turnover of 2,2 billion VND. By the end of 108.044, total policy credit balance will reach nearly VND 2023 billion, with 332.000 million borrowers.

Debt quality continues to remain stable. The rate of overdue debt and frozen debt accounts for 0,57% of the total outstanding debt; Of which, overdue debt accounts for 0,16%, frozen debt accounts for 0,41%.

Policy capital has been supporting investment in production and business, creating jobs for over 790.000 workers, including nearly 8.600 workers working abroad for a limited time and nearly 2.600 people have just finished serving. prison sentence with work. The capital has also helped nearly 97.000 pupils and students in difficult circumstances borrow study loans; disbursed loans to more than 4.000 households to buy computers and online learning equipment for pupils and students; built over 1,4 million clean water and sanitation projects in rural areas; built 1.383 houses for poor households to stabilize their lives, more than 15.000 social houses for low-income groups...

This is the premise for the bank to continue to achieve the goals assigned by the Government in 2024. And further, to successfully implement the Bank for Social Policy development strategy until 2030, the focus is to ensure that 100% of the poor and other eligible policy beneficiaries have access to products and services. Financial services provided by VBSP; become a key tool of the Party and Government in sustainable poverty reduction and building new rural areas, so that no one is left behind in the country's development process.

Previously, at the Conference to deploy tasks in 2024, General Director of VBSP Duong Quyet Thang requested the entire system to continue advising the Government, Ministries, Departments, Party Committees, and local authorities at all levels. , prioritize the arrangement of additional local budget capital entrusted to the Social Policy Bank to lend to the poor and other policy beneficiaries, contributing to the effective implementation of national target programs; At the same time, continue to implement well the tasks and solutions in the Bank for Social Policies Development Strategy until 2030.

In addition, the General Director also requested to focus on implementing the 2024 credit growth plan as soon as assigned by the Prime Minister; constantly consolidate and improve policy credit quality; Focus on implementing digital transformation, implementing key projects to provide comprehensive financial and banking products and services to customers of VBSP...





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