General Director of the Bank for Social Policies works with Trang Bom district on social policy credit work

On November 18, Mr. Duong Quyet Thang, General Director of the Vietnam Bank for Social Policies (VBSP) and his delegation visited and worked with the Board of Directors (BOD) of the VBSP Transaction Office in Trang Bom district to evaluate the results of implementing social policy credit work in the area in the past time. Doctors and nurses of Phu Tho General Hospital have just saved the life of a 7-year-old child in Nong Trang ward, Viet Tri city who was caught in a rolling door around the neck, leading to circulatory arrest. This is one of the patients saved from the "doctor-to-people model" deployed since October 2023. 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Attending and chairing the ceremony was Mr. Le Trung Ho - Vice Chairman of the Provincial People's Committee, Head of the Steering Committee for "Military-Civilian Tet" activities in Kien Giang province, period 2021 - 2025. If Lao Cai is the leading locality in the country in developing community tourism (DLCĐ), Bac Ha district is a bright spot of the province in exploiting the value of this type to preserve traditional culture associated with socio-economic development. Bac Ha is promoting the achievements of new rural construction, gradually standardizing the DLCCĐ points in the area, following the direction of Lao Cai Provincial People's Committee in Decision No. 2247/QD-UBND dated September 5, 2024. Information from the Sustainable Forest Management and Biodiversity Conservation Project said that there has just been a survey to supplement the list of plants, endangered and rare species in Dakrong Nature Reserve, Quang Tri province. 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General Director of the Bank for Social Policies Duong Quyet Thang speaks at a working session in Trang Bom district, Dong Nai province.

At the local level, the delegation inspected the Transaction Point in Giang Dien commune, listened to the thoughts, wishes, loan needs, and loan programs of the leaders of the Savings and Loan Groups (S&L) in the commune, and listened to the commune's report on the results of implementing the policy credit program and implementing social policy credit.

Thereby, General Director of the Bank for Social Policies Duong Quyet Thang highly appreciated the results achieved in implementing social policy credit in Trang Bom district in general and Giang Dien commune in particular, as well as the attention, leadership, direction and facilitation of local Party committees and authorities in the operation of the Bank for Social Policies. According to the district's report, by October 31, 2024, the local budget capital entrusted by the District People's Committee to the Bank for Social Policies for lending to poor households and policy beneficiaries reached 65,762 million VND, an increase of 8,609 million VND compared to the beginning of the year, completing 122.98% of the annual plan. The growth capital was promptly disbursed to poor households and policy beneficiaries, effectively supporting people to develop production, escape poverty sustainably and enrich themselves legitimately.

By October 31, 2024, the total outstanding debt of credit programs in Trang Bom district reached VND 520,660 million with 12,131 poor households and policy beneficiaries still having outstanding debt, an increase of VND 57,050 million compared to the beginning of the year, the growth rate reached 12.31%, completing 99.7% of the plan.

Currently, the average outstanding debt of a commune-level unit is 30,627 million VND; the average outstanding debt of a Savings and Credit Group is 2,074 million VND and the average outstanding debt of a customer is 42.9 million VND. The total outstanding debt of credit programs in Giang Dien commune is 27,986 million VND, an increase of 3,890 million VND compared to the beginning of the year, with 579 poor households and policy beneficiaries still having outstanding debt.

General Director of the Bank for Social Policies Duong Quyet Thang discussed and listened to the aspirations, loan needs, and loan programs of the leaders of the Savings and Credit Groups in Giang Dien commune, Trang Bom district.

In the first 10 months of 2024, social policy credit capital in Trang Bom district has created conditions to help 4,335 poor households and other policy beneficiaries borrow VND 183,527 million to organize production and business, serve essential needs, create more jobs, improve income and living conditions.

Thereby, it has contributed, together with solutions from all levels and sectors, to maintaining and creating new jobs for 1,779 workers; helping 2,007 rural households build and renovate 2,007 clean water works and 2,000 toilet works; 386 students in difficult circumstances borrowed capital to cover their studies; 156 poor households, near-poor households, and households that have just escaped poverty borrowed capital to organize production and business.

Social policy credit capital has actively contributed with all levels and sectors in implementing national target programs on sustainable poverty reduction, building advanced new rural areas, model new rural areas, ensuring social security, social order and safety and socio-economic development in the district.

General Director Duong Quyet Thang checks the public content at the Transaction Point in Giang Dien Commune, Trang Bom District (Dong Nai)

At the meeting, the General Director requested that the Board of Directors of the Transaction Office of the Social Policy Bank of Trang Bom District continue to do a good job of advising the Party Committee and the government in directing the implementation of Directive No. 40-CT/TW of the Secretariat on strengthening the Party's leadership over social policy credit and Directive No. 39-CT/TW dated October 30, 2024 of the Secretariat on improving the effectiveness of social policy credit in the new period.

In particular, focusing on advising and strengthening the direction of the implementation of the work of consolidating and improving credit quality, quality of entrusted activities, and quality of savings and credit groups. At the same time, based on the locality's request for capital needs for loans to support job creation, job maintenance and expansion programs, the General Director has paid attention and prioritized allocating 20 billion VND to Trang Bom district to meet the needs of production and business, economic development, stabilizing life, rising up to escape poverty sustainably, and improving the living standards of people in the district.

General Director Duong Quyet Thang and leaders of the Provincial Branch of the Bank for Social Policies worked with the Board of Directors of the Trang Bom District Bank for Social Policies Transaction Office and the People's Committee of Giang Dien Commune on social policy credit work.

Vice Chairman of the District People's Committee, Head of the Board of Directors of the Transaction Office of the Social Policy Bank of Trang Bom District, Do Ngoc Nam, expressed his deep gratitude for the General Director's affection and concern for poor households and policy beneficiaries in Trang Bom District, affirming that in the coming time, he will continue to do a good job of advising local Party committees and authorities on strengthening the Party's leadership over social policy credit, improving the effectiveness of social policy credit; in which, paying attention to balancing and arranging the budget to transfer additional trust capital to the Social Policy Bank every year to lend to poor households and policy beneficiaries,

In addition, defining the leadership and direction tasks for social policy credit activities as regular activities, organizing and implementing well the policy of mobilizing resources for social policy credit associated with the goals of socio-economic development, sustainable poverty reduction, and ensuring local social security.

The 25th Conference of the Central Bank for Social Policies Party Executive Committee

Source: https://baodantoc.vn/tong-giam-doc-ngan-hang-chinh-sach-xa-hoi-lam-viec-voi-huyen-trang-bom-ve-cong-tac-tin-dung-chinh-sach-xa-hoi-1731944695267.htm