Quarter I/2024: Total outstanding preferential loans increased by 2.77%

Monday, April 15, 2024 | 15:28:40

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On the morning of April 15, the Provincial People's Committee held a meeting of the Board of Directors (BOD) of the Provincial Bank for Social Policies (BSP) to listen to a report on the results of the first quarter's tasks and deploy directions and tasks for the second quarter of 2024. Comrade Nguyen Quang Hung, member of the Provincial Party Standing Committee, Permanent Vice Chairman of the Provincial People's Committee, Head of the Board of Directors of the Provincial Bank for Social Policies chaired the meeting.

Comrade Nguyen Quang Hung, member of the Provincial Party Standing Committee, Permanent Vice Chairman of the Provincial People's Committee spoke at the meeting.

Since the beginning of the year, the Provincial Branch of the Vietnam Bank for Social Policies has had many positive solutions in implementing loans for the poor and policy beneficiaries in the area. By the end of March 2024, the total capital of the Branch reached more than VND 4,392 billion, an increase of 2.81% compared to December 31, 2023; total outstanding loans reached more than VND 4,386 billion, an increase of 2.77% compared to December 31, 2023 with 97,377 customers borrowing capital; total loan turnover reached about VND 434 billion with 10,332 customers receiving loans; bad debt ratio accounted for 0.11% of total outstanding loans.

In the inspection and supervision work, in the first quarter of 2024, members of the Board of Directors of the Social Policy Bank at all levels inspected 1 district, 271 communes, 29 savings and loan groups, and compared 1,497 loan households.

Policy credit programs have contributed to the successful implementation of the province's socio-economic development target program, ensuring social security, stabilizing the local political situation and promoting the construction of advanced new rural areas.

Leaders of the Provincial Branch of the Vietnam Bank for Social Policies reported at the meeting.

Delegates attending the meeting.

In his concluding remarks, the Standing Vice Chairman of the Provincial People's Committee, Head of the Board of Directors of the Provincial Social Policy Bank highly appreciated the implementation of policy credit programs in the Provincial Social Policy Bank Branch in recent times.

The comrade requested the Provincial Branch of the Vietnam Bank for Social Policies to continue advising local Party committees and authorities to direct and organize the implementation of Directive No. 40-CT/TW, Conclusion No. 06-KL/TW of the Secretariat, Resolution No. 111/2024 of the National Assembly on a number of specific mechanisms and policies to implement the national target program; Decision No. 05/QD-TTg of the Prime Minister approving the Development Strategy of the Vietnam Bank for Social Policies to 2030; Official Dispatch No. 1787-CV of the Provincial Party Committee; actively urge the timely collection of due debts; organize timely disbursement, avoid capital backlog, ensure compliance with procedures, regulations, beneficiaries, and avoid wasting capital. Implement well the training and propaganda work on the Party and State's policies and guidelines related to preferential credit activities, new policies, and policy credit programs so that all people know how to access capital.

The Standing Vice Chairman of the Provincial People's Committee, Head of the Board of Directors of the Provincial Social Policy Bank also requested members of the Board of Directors of the Social Policy Bank at all levels to focus on implementing inspection and supervision work in accordance with the established plan, effectively integrating inspection and supervision work during operations; actively coordinate with the Social Policy Bank in implementing preferential credit programs at the grassroots level. Strengthen the management and supervision of organizations providing entrusted services, especially supervising the loan evaluation to ensure the right beneficiaries, promoting the economic efficiency of investment capital.

Nguyen Thoi

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