Ensuring effective implementation of policy credit after administrative unit rearrangement

Standing Vice Chairman of the City People's Committee Ho Ky Minh spoke at the meeting. Photo: M.QUE

Speaking at the direction, Standing Vice Chairman of the City People's Committee Ho Ky Minh highly appreciated the good credit performance, in which the overdue debt ratio continued to remain low (0.02% of total outstanding debt).

In the second quarter of 2025, members of the Board of Directors of the People's Credit Fund at all levels will strengthen inspection and supervision work and improve the quality of inspection and supervision at the grassroots level.

Continue to arrange and consolidate the Board of Directors of the Social Policy Bank at all levels on the basis of merging departments, branches and localities whose heads are members of the Board of Directors of the Social Policy Bank.

The city's People's Credit Fund, local authorities and entrusted organizations continue to focus on reviewing, arranging and improving the quality of operations of savings and loan groups.

The City People's Credit Fund will soon submit to the City People's Committee for consideration and handling of cases of customers borrowing capital from the city budget that are at risk due to objective reasons, thereby considering cases of inability to repay debt and putting them into debt suspension.

The city's Social Policy Bank should promptly advise on adjusting credit plan targets to suit each unit and each credit program; focus on debt collection for revolving loans, disburse credit capital sources, and improve the quality of commune transaction point operations.

Reported at the meeting, from January 1 to March 31, 2025, the total policy credit capital in the city reached VND 5,505 billion, an increase of VND 258.96 billion compared to 2024.

Loan turnover reached 602.87 billion VND with 6,093 customers borrowing capital, debt collection turnover reached 344.72 billion VND. Total outstanding debt reached 5,495.14 billion VND, reaching 98.12% of the plan, an increase of 257.67 billion VND compared to 2024.

Overdue debt and frozen debt are 2.23 billion VND, accounting for 0.04% of total outstanding debt, of which: overdue debt is 1.2 billion VND, accounting for 0.02% of total outstanding debt; frozen debt is 1.03 billion VND, accounting for 0.02% of total outstanding debt.

Regarding the assessment of the quality of policy credit activities of wards and communes in the first quarter of 2025, the whole city has 47 wards and communes achieving good status.

47 commune transaction points operate stably and effectively, transmitting policy credit capital to beneficiaries, with full transaction time and in accordance with regulations.

In the second quarter of 2025, the Board of Directors of the City Social Policy Bank set the target of mobilizing savings deposits from organizations and individuals to reach 100% of the assigned plan; the overdue debt ratio is less than or equal to 0.02% of total outstanding debt.

Improve the quality of entrusted activities, strive monthly for at least 99% of associations at all levels to achieve good or fair quality. 100% of communes and wards to achieve good credit quality.

On the same morning, Standing Vice Chairman of the City People's Committee Ho Ky Minh chaired a meeting to review the draft decision promulgating the Regulation on management and use of capital from the local budget entrusted through the Vietnam Bank for Social Policies to lend to the poor and other policy beneficiaries in the city (replacing Decision No. 19/2017/QD-UBND dated June 16, 2017 of the City People's Committee).

Accordingly, delegates gave their opinions on adjusting a number of regulations: lending subjects, budget capital entrusted through the Social Policy Bank, loan levels, loan interest rates, debt extension and overdue debt handling.

CINNAMON

Source: https://baodanang.vn/kinhte/202504/bao-dam-trien-khai-tin-dung-chinh-sach-hieu-qua-sau-khi-sap-xep-cac-don-vi-hanh-chinh-4005736/