Vice Chairman of Hue City People's Committee Nguyen Chi Tai chaired the meeting.

Reporting at the meeting, Mr. Phan Van Phap, Director of the Social Policy Bank, Hue City Branch, said that Hue City has built and maintained 133 transaction points in 133 communes, wards and towns to ensure more convenient access to capital for people. Social policy credit is implemented through 2,318 savings and loan groups in residential areas.

In 2024, policy credit capital provided loans to 39,894 poor households and other policy beneficiaries with an amount of VND 2,106.1 billion to invest in production and business development, housing construction, clean water projects, etc.

In the first three months of 2025, the branch disbursed loans to 7,883 customers. Of these, 3,409 poor households, near-poor households, and newly escaped-poverty households received loans to stabilize their economies and develop their livelihoods.

As of March 26, 2025, the entrusted debt balance was VND 4,937.6 billion, accounting for 98.53% of the branch's total outstanding debt, an increase of VND 69.1 billion compared to the beginning of the year. Overdue debt was VND 2,523 million, accounting for 0.05% of the total entrusted debt balance.

The representative of the Vietnam Bank for Social Policies, Hue City Branch, also pointed out some difficulties and problems during the implementation process such as: The local entrusted capital is still low, accounting for 6.63% of the total capital at the branch, lower than the national average (15.99%); the Government has not allocated capital for the housing and career conversion support loan program in 2024, the City People's Committee has proposed 10.32 billion VND to support 258 households in urgent need, but has not been approved by the City People's Council. For 2025, the capital demand is 15.2 billion VND, the branch has reported to the General Director of the Vietnam Bank for Social Policies, currently the branch has not been allocated capital.

The loan program to support job creation, maintenance and expansion in 2025 requires 490 billion VND, while the central budget has not been allocated. The city and district budget has transferred 36.9 billion VND to the Vietnam Bank for Social Policies for loans, which is not enough to meet the needs of workers.

Speaking at the meeting, Vice Chairman of the City People's Committee Nguyen Chi Tai highly appreciated the Vietnam Bank for Social Policies, Hue City Branch for its determination and efforts in recent times, focusing on effectively implementing policy credit programs in line with the socio-economic development orientation, focusing on poor households, near-poor households, newly escaped poverty households and job creation and social housing programs.

Vice Chairman of the City People's Committee Nguyen Chi Tai suggested that the VBSP should diversify its capital sources, especially those serving poor and near-poor households and policy beneficiaries. Proactively advise the City People's Committee to issue documents directing localities to promptly remove difficulties and obstacles such as transferring new capital sources in 2025. At the same time, promote the application of information technology, digital transformation, big data, etc. to improve the operational efficiency of the entire system, best serving the poor and policy beneficiaries.

Ngoc Minh

Source: https://huengaynay.vn/kinh-te/thong-tin-thi-truong/da-dang-nguon-von-phuc-vu-cac-doi-tuong-chinh-sach-152045.html