TUY HOA: Capital entrusted from local budget increased by more than 16.5 billion VND

According to the Phu Yen branch of the Vietnam Bank for Social Policies, up to now, the capital this bank has received from the local budget to lend to poor households and other policy beneficiaries in Tuy Hoa City has reached nearly VND80.5 billion, accounting for 20.87% of the total policy credit capital in the city, an increase of more than VND16.5 billion compared to the beginning of the year.

Báo Phú Yên•22/04/2025

Of which, the capital allocated by the Provincial People's Committee to the city is more than 46 billion VND, accounting for 11.93%, an increase of nearly 7.3 billion VND compared to the beginning of the year. The capital entrusted by the Tuy Hoa City People's Committee is more than 34.4 billion VND, accounting for 8.94%, an increase of more than 9.2 billion VND compared to the beginning of the year. Increasing resources from the local budget contributes to supplementing loan capital, helping poor households and other policy beneficiaries have conditions to develop production and business, increase income, and stabilize their lives.

Currently, Tuy Hoa City People's Committee continues to implement Plan 163/KH-UBND on approving the Development Strategy of the Social Policy Bank until 2030, striving to have the local budget capital entrusted to account for 15% of the total social policy credit capital in the city by 2030, reaching 114 billion VND. The locality also consults and coordinates to develop a public investment capital plan from the city budget entrusted to the Social Policy Bank for the period 2026-2030 of 80 billion VND, an average of 10-12 billion VND per year entrusted according to Plan 230-KH/TU dated March 11, 2025 of the Standing Committee of Tuy Hoa City Party Committee.

Source: https://baophuyen.vn/tin-dung-chinh-sach-xa-hoi/202504/tuy-hoa-nguon-von-uy-thac-tu-ngan-sach-dia-phuong-tang-hon-165-ti-dong-e8a61be/