Synchronously implement solutions to increase outstanding debt

In the first quarter, the VBSP - Quang Binh Branch has made efforts to complete the assigned political tasks, promptly meeting the credit capital needs for production, business, and production recovery of poor households, near-poor households and other policy beneficiaries. Thereby, contributing to the successful implementation of national target programs and ensuring social security in the locality.

Leaders of the People's Credit Fund - Quang Binh Branch report on activities in the first quarter of 2025.

Total loan turnover in the first 3 months of 2025 reached 453 billion VND, with 7,362 customers borrowing capital, an average loan of 61.5 million VND/customer, an increase of 13.2 million VND over the same period; total debt collection turnover reached 383 billion VND, an increase of 84.8 billion VND over the same period.

Through policy credit programs, it has made an important contribution to effectively implementing socio-economic targets approved by People's Councils at all levels such as reducing the rate of poor and near-poor households, vocational training... In the first 3 months of the year, loans helped 248 poor households, 394 near-poor households, 418 newly escaped poverty households... to borrow capital for economic development.

Delegates speaking at the meeting — Delegates speak at the meeting.

Total overdue debt and frozen debt as of March 31, 2025 is nearly 5.1 billion VND, accounting for 0.09% of total outstanding debt, an increase of 29 million VND compared to the same period in 2024.

In addition to the achieved results, policy credit activities in the first 3 months of the year still faced some difficulties, such as: Resources to implement allocated policy credit programs are still limited; many communes have been removed from the list of disadvantaged areas, so they have to recover capital while people still need capital for investment and production....

Based on the difficulties, limitations and achievements, the People's Credit Fund - Quang Binh Branch has proposed a number of key tasks and solutions, such as: Continuing to proactively and actively advise local Party committees and authorities at all levels to effectively implement Directive No. 39-CT/TW, dated October 30, 2024 of the Secretariat on improving the effectiveness of social policy credit in the new period; focusing on directing the synchronous implementation of solutions to increase outstanding loans; strengthening information and propaganda work on the effectiveness of policy credit activities, effective economic models, etc.

D.N

Source: https://baoquangbinh.vn/kinh-te/202504/thuc-hien-dong-bo-cac-giai-phap-de-tang-truong-du-no-2225691/