On April 10, at the Provincial People's Committee, the Board of Directors of the Provincial Bank for Social Policies (BSP) held a conference to evaluate the first quarter performance and deploy tasks for the second quarter of 2024.
Comrade Tong Quang Thin, 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 Social Policy Bank chaired the conference.
In the first quarter, the Board of Directors of the Provincial Social Policy Bank actively and proactively advised local authorities to effectively implement policy credit programs, promptly meeting the loan needs of poor households and policy beneficiaries in the area. As of March 31, the total implemented capital was VND 3,969,673 million (an increase of VND 89,866 million compared to the beginning of the year); loan turnover reached VND 289,257 million with 5,789 poor households and other policy beneficiaries receiving loans; total outstanding debt reached VND 3,964,077 million (completing 42.98% of the 2024 growth plan). Credit quality was consolidated, with overdue debt accounting for only 0.13% of total outstanding debt.
Transaction activities in communes, wards and towns continued to be stable with nearly 98% of transactions conducted at Commune Transaction Points; Savings and Loan Groups were strengthened, 90% of Savings and Loan Groups were classified as good. Direct inspection and supervision at the grassroots level were focused on, thereby promptly correcting existing shortcomings and errors in the implementation of preferential credit policies in the area.
From the policy credit capital, jobs have been created for nearly 2,000 workers; helped 600 union members and young people start and establish businesses; helped nearly 400 students in difficult circumstances have conditions to study; built and renovated 3,000 clean water and rural environmental sanitation works..., contributing to stabilizing and developing the economy, reducing poverty, and ensuring social security.
Discussing at the conference, representatives of the entrusted Associations at all levels, leaders of districts and cities proposed solutions to improve the quality of policy credit. Some opinions suggested that in the coming time, the provincial branches of the Vietnam Bank for Social Policies should strengthen digital transformation in transaction activities, consider expanding the lending subjects...
Concluding the conference, Comrade Tong Quang Thin, Standing Vice Chairman of the Provincial People's Committee, Head of the Board of Directors of the Provincial Social Policy Bank acknowledged the efforts of the Provincial Social Policy Bank Branch and all levels and sectors in implementing policy credit for poor households and policy beneficiaries in the province in the past time. Emphasizing the outstanding results, he affirmed that the capital from the budget at all levels entrusted to the Social Policy Bank for lending programs is increasing, the movement of saving money to join hands for the poor has also spread widely, demonstrating the kindness of all levels and people to share difficulties with the poor and policy beneficiaries.
The Standing Vice Chairman of the Provincial People's Committee requested that in the coming time, all levels, branches, associations, entrusted organizations and the Provincial Bank for Social Policies continue to advise and organize the good implementation of Directive No. 40-CT/TW of the Secretariat on strengthening the Party's leadership over social policy credit. The focus is to advise the People's Committees at all levels to prioritize the allocation of additional local budget capital entrusted to the Bank for Social Policies; promote the movement of saving money for the poor in the whole province. Develop a plan to summarize 10 years of implementing Directive 40-CT/TW.
In addition, advise the Provincial People's Committee to issue documents directing relevant units to coordinate in implementing Resolution No. 111/2024/QH15 of the National Assembly on a number of specific mechanisms for entrusting local budget capital through the Social Policy Bank system to support the implementation of a number of activities of the national target program.
In which, the Department of Finance and the Department of Planning and Investment advise on the plan to allocate local budget capital to the Bank for Social Policies to implement the contents specified in Clause 6, Article 4 of the Resolution; the Department of Labor, War Invalids and Social Affairs advises on additional loan subjects: households with average living standards, workers in difficult circumstances; the Department of Agriculture and Rural Development advises on connecting to invest capital sources for models of agricultural economic development projects, OCOP product development, craft villages, agricultural and rural tourism.
Nguyen Luu - Anh Tuan
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