Total outstanding policy credit reached over 491.2 billion VND

Ms. Tran Thi Minh Yen - President of Duy Xuyen District Women's Union and Mr. Nguyen Dung - Chairman of Duy Chau Commune People's Committee received certificates of merit from the General Director of Vietnam Bank for Social Policies. Photo: PHI THANH

In the first quarter of 2025, the Board of Directors of the Duy Xuyen District Social Policy Bank focused on organizing and implementing the excellent completion of assigned tasks. As of March 31, the total outstanding policy credit balance reached more than VND 491.2 billion (up 2.8% compared to the end of 2024) with 10,535 customers with outstanding loans.

Credit quality is always guaranteed, overdue debt and debt rescheduled is nearly 283 million VND, accounting for 0.06% of total outstanding debt. Loan capital is invested in production and business development, increasing income, creating jobs and other essential needs, contributing positively to socio-economic development, poverty reduction, job creation, ensuring social security and building new rural areas.

In particular, the unit focuses on consolidating, arranging, and improving the quality of operations of savings and credit groups (S&L) in the area. Up to now, 22 S&L groups have been reduced compared to the end of 2024. Currently, Duy Xuyen district has 244 S&L groups, of which 241 are classified as good, 3 are classified as fair, and there are no average or weak groups. Loan disbursement, principal and interest collection, savings mobilization, and debt settlement are timely and in accordance with regulations.

Rewarding collectives and individuals with outstanding achievements in managing policy credit capital in Duy Xuyen district. Photo: NHA PHUONG

At the conference, Ms. Tran Thi Minh Yen - President of Duy Xuyen District Women's Union and Mr. Nguyen Dung - Chairman of Duy Chau Commune People's Committee received certificates of merit from the General Director of Vietnam Bank for Social Policies.

In addition, 2 collectives and 26 individuals with outstanding achievements in managing policy credit capital in the district in the first quarter of 2025 were also commended by the Board of Directors of the Duy Xuyen District Social Policy Bank.

Source: https://baoquangnam.vn/duy-xuyen-tong-du-no-tin-dung-chinh-sach-dat-hon-491-2-ty-dong-3152379.html