BTO-That is one of the contents noted by Vice Chairman of the Provincial People's Committee Nguyen Minh, Head of the Board of Directors of the Vietnam Bank for Social Policies (VBSP) at the meeting to evaluate the results of the implementation of tasks in the first quarter and tasks in the second quarter of 2024 held on the morning of April 10.
According to Ms. Vo Thi Minh Thao - Director of the Provincial Social Policy Bank, in the first quarter, the Provincial Social Policy Bank disbursed loans to over 13,200 poor households and other policy beneficiaries, with loan turnover reaching 374 billion VND, an increase of 21% over the same period last year; debt collection turnover in the quarter reached 233 billion VND, an increase of 43%.
The results of implementing 21 policy credit programs up to March 31, 2024, the total outstanding debt reached 4,810 billion VND with nearly 115 thousand poor households, near-poor households and policy beneficiaries still having outstanding debt, an increase of 141 billion VND compared to the beginning of the year. Entrustment activities through socio-political organizations continue to be well implemented, as of March 31, 2024, 4 socio-political organizations are currently managing 2,334 groups with outstanding entrusted debt reaching 4,803 billion VND/114.7 thousand households...
Ms. Vo Thi Minh Thao, Director of the Provincial People's Credit Fund, reported at the meeting.
In addition, the Provincial Social Policy Bank proactively signed a coordination regulation with the Provincial Police to coordinate the implementation of tasks related to social policy credit and implement the lending policy for people who have completed their prison sentences according to Decision No. 22 of the Prime Minister.
Overview of the meeting
At the meeting, delegates gave their opinions on the coordination of capital management; reviewing fund sources to deposit into the Vietnam Bank for Social Policies, in order to meet sufficient capital sources to ensure the implementation of assigned credit growth targets...
Speaking at the meeting, Vice Chairman of the Provincial People's Committee Nguyen Minh highly appreciated the Provincial Social Policy Bank for its proactiveness and innovation in implementing assigned tasks. In order to complete the tasks set for the second quarter and the remaining months of 2024, the Vice Chairman of the Provincial People's Committee requested the Provincial Social Policy Bank to closely follow the direction of the General Director of the Provincial Social Policy Bank, the Standing Committee of the Provincial Party Committee, the Provincial People's Committee and the Resolution of the Provincial Social Policy Bank Board of Directors; proactively coordinate with departments, branches and socio-political organizations to focus on implementing the assigned plans and tasks well.
Focus on advising the Provincial Party Committee and the Provincial People's Committee to organize a conference to summarize 10 years of implementing Directive No. 40 dated November 22, 2014 of the Secretariat on strengthening the Party's leadership over social policy credit. Continue to coordinate with relevant departments and branches to advise the Provincial People's Committee to stipulate conditions, contents, and preferential loan levels to implement each credit policy to support preferential loans according to regulations. Focus on implementing solutions to consolidate and improve credit quality...
Vice Chairman of the Provincial People's Committee Nguyen Minh spoke at the meeting.
For the Department of Finance, the Department of Planning and Investment advises the Provincial People's Committee to supplement local budget capital entrusted through the Vietnam Bank for Social Policies to lend to the poor and other policy beneficiaries in Binh Thuan province in 2024.
Emphasizing the work of capital mobilization, the Vice Chairman of the Provincial People's Committee requested that the Departments, branches, agencies and units continue to review the capital sources of funds, programs and projects currently under management. In case they do not violate the instructions, requirements and regulations, they will be deposited in the Vietnam Bank for Social Policies, in order to create more capital sources for implementing social policy credit. Thereby, effectively implementing the Plan "Mobilizing savings deposits to join hands for the poor " in 2024 recently issued by the Chairman of the Provincial People's Committee to promptly meet the capital needs for disbursement of policy credit programs...
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