It is expected that by the end of the second quarter of 2025, outstanding policy credit will exceed VND 5,000 billion.

On April 10, the Board of Directors of the Vietnam Bank for Social Policies, Phu Yen Branch (NHCSXH Phu Yen) held a meeting for the first quarter of 2025, chaired by comrade Le Tan Ho, member of the Provincial Party Standing Committee, Permanent Vice Chairman of the Provincial People's Committee, Head of the Board of Representatives.

Comrade Le Tan Ho speaks at the meeting. Photo: LE HAO

With the growth capital allocated by the central government and the local capital entrusted together with the revolving capital, the Phu Yen Social Policy Bank has disbursed 429 billion VND to 10,528 poor households and other policy beneficiaries. Focusing mainly on a number of lending programs: supporting job creation with more than 155.4 billion VND, clean water and rural environmental sanitation with nearly 106.6 billion VND, students in difficult circumstances with nearly 70 billion VND, newly escaped poverty households with more than 33.3 billion VND, near-poor households with nearly 27.3 billion VND, production and business households in difficult areas with more than 18.1 billion VND...

Total outstanding debt as of March 31, 2025 was over VND 4,945.3 billion with 92,683 households still in debt, an increase of nearly VND 127 billion compared to the beginning of the year, an increase of 2.64%, completing 92% of the growth plan. Credit quality continued to be maintained stably, with the overdue debt ratio of 0.17%, an increase of 0.01% compared to the beginning of the year.

In the second quarter of 2025, Phu Yen Social Policy Bank will disburse at least 95% of the capital plan for policy credit programs assigned in 2025, with outstanding loans at the end of the second quarter of 2025 estimated at VND 5,050 billion, an increase of VND 232 billion compared to the beginning of the year, promptly meeting the borrowing needs of poor and near-poor households and policy beneficiaries. The branch also continues to analyze overdue debts, improve credit quality in the area, striving to have an overdue debt ratio of less than 0.16% by June 30, 2025...

Vice President of the Association of War Veterans Phan Tan O, giving his opinion at the meeting. Photo: LE HAO

Concluding the meeting, comrade Le Tan Ho requested that the Phu Yen Social Policy Bank continue to coordinate with departments, branches and sectors to effectively implement Directive 39-CT/TW, dated October 30, 2024 of the Central Party Secretariat and plans of the Provincial Party Standing Committee and the Provincial People's Committee on implementing Directive 39-CT/TW of the Secretariat on improving the effectiveness of social policy credit in the new period.

The Board of Directors of the Phu Yen Social Policy Bank and the mass organizations at all levels fully implemented the inspection and supervision plan; improved the quality of inspection at the grassroots level to promptly detect errors for corrective measures. Fully and promptly disseminated information on social policy credit activities and the effectiveness of policy credit capital sources. Improved the quality of savings and loan groups, increased the rate of good groups, and consolidated and improved weak groups. Continued to advise on supplementing local capital sources for entrusted loans; at the same time, coordinated to review the capital needs of beneficiaries...

Source: https://baophuyen.vn/tin-dung-chinh-sach-xa-hoi/202504/du-kien-den-cuoi-quy-ii2025-du-no-tin-dung-chinh-sach-vuot-5000-ti-dong-4c2489c/