The Board of Directors of the Provincial Social Policy Bank branch deployed tasks for the second quarter of 2024

On April 16, the Board of Directors (BOD) of the provincial branch of the Vietnam Bank for Social Policies (VBSP) held a meeting to evaluate the first quarter's performance and set out tasks and solutions for the second quarter of 2024. Comrade Nguyen Long Bien, member of the Provincial Party Committee, Vice Chairman of the Provincial People's Committee, Head of the BOD of the provincial branch of the VBSP chaired the meeting.

In the first quarter, the Board of Directors of the provincial branch of the Bank for Social Policies has paid attention to directing the system of transaction offices of the Bank for Social Policies in districts and cities to actively coordinate with departments, branches, associations, unions and local authorities to effectively implement social credit programs. Total loan turnover reached more than 331.8 billion VND, with over 7,000 poor households, near-poor households and other policy beneficiaries receiving loans, raising the total outstanding balance of credit programs to 3,619.1 billion VND as of March 31, 2024, an increase of 108.3 billion VND compared to 2023, with more than 81,400 customers/105,772 loans. The work of urging, collecting, handling and preventing bad debts arising during operations has been strengthened; The entrusted activities of socio-political organizations, commune transaction points, and savings and loan groups continue to be strengthened and improved. The work of inspection, control, and propaganda for borrowers to use capital for the right purposes is of interest and focus.

Comrade Nguyen Long Bien, Member of the Provincial Party Committee, Vice Chairman of the Provincial People's Committee chaired the meeting.

In his concluding remarks at the meeting, the Vice Chairman of the Provincial People's Committee requested that, based on the set tasks and key solutions in the second quarter of 2024, members of the Board of Directors at all levels continue to promote their roles and responsibilities in managing social credit capital; fully and promptly implement policies and guidelines on preferential credit according to the Government's resolutions and decisions. Effectively organize the implementation of capital mobilization targets from organizations and individuals; allocate local budget capital entrusted to the Social Policy Bank to achieve the set targets. Speed up the disbursement progress to beneficiaries, linking credit growth with improving the quality and efficiency of loan capital sources. At the same time, focus on directing more drastic and stronger solutions to recover and reduce overdue debts; strengthen and improve the quality of operations of associations, unions receiving entrustment, savings and loan groups, and commune transaction points. Media agencies should step up propaganda on social credit, especially before, during and after the Conference summarizing the implementation of Directive No. 40-CT/TW of the Central Party Secretariat on strengthening the Party's leadership over social credit...

Dang Khoi

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