In 2024, Ho Chi Minh City's budget is expected to add an additional VND998 billion to provide loans for job creation and poverty reduction support.
According to the report of the Social Policy Bank, Ho Chi Minh City branch, in 2023, local socio-political organizations coordinated with the branch to lend nearly VND 10,310 billion for policy credit programs, accounting for 99.8% of the total outstanding loans of this bank, with over 183,300 customers with outstanding loans.
Of which, the outstanding loan balance managed by the Ho Chi Minh City Women's Union reached over VND 4,230.6 billion (accounting for 41%); the outstanding loan balance managed by the Veterans Association reached VND 2,214.8 billion (accounting for 21%); the outstanding loan balance managed by the Ho Chi Minh City Farmers' Association and the Ho Chi Minh City Youth Union reached VND 1,947.5 billion and VND 1,916 billion, respectively, accounting for 18.9% and 18.6% of the total outstanding loan balance entrusted to socio-political organizations.
According to statistics from the Social Policy Bank, Ho Chi Minh City branch, up to now, the local policy credit network has 258 transaction points at the commune and ward levels with about 3,890 Savings and Loan Groups. In 2023, 97.2% of the total transaction value of the Social Policy Bank, Ho Chi Minh City branch will be carried out through transaction points at the commune and ward levels.
 |
| More than 89,000 poor households and policy beneficiaries in Ho Chi Minh City have accessed policy credit sources in the past year. |
Mr. Tran Van Tien, Director of the Social Policy Bank, Ho Chi Minh City Branch, said that in 2023, the local budget capital entrusted to the Social Policy Bank for lending policy credit programs was about VND 6,581.8 billion, an increase of nearly 77% compared to the beginning of the year. Of which, the capital entrusted from the Steering Committee for Sustainable Poverty Reduction of Ho Chi Minh City and districts reached nearly VND 2,280 billion. This is an important source of capital for the Social Policy Bank, Ho Chi Minh City Branch, to effectively implement policy credit programs in the locality.
Regarding the implementation of Resolution No. 11/NQ-CP, according to the report of the Vietnam Bank for Social Policies, Ho Chi Minh City branch, by the end of October 2023 (the end of interest rate support as prescribed in Resolution No. 43/2022/QH15 of the National Assembly), the branch has disbursed loans of about VND 174.5 billion according to Resolution No. 11/NQ-CP of the Government. Support to reduce 2% interest rate for loans with lending interest rate over 6%/year with a total amount of VND 84.38 billion.
According to the plan, in 2024, the policy credit capital in Ho Chi Minh City will be supplemented by the Vietnam Bank for Social Policies with at least 500 billion VND (for lending to create jobs).
Ho Chi Minh City's budget is expected to add an additional VND998 billion (for loans to create jobs and support poverty reduction), and at the same time allocate an additional VND70 billion from interest earned from loan programs to support poverty reduction and create jobs in 2023.
The representative of the leader of the Social Policy Bank, Ho Chi Minh City branch, said that this year the branch strives to increase its outstanding loans by at least VND 2,000 billion, equivalent to a growth of 19% compared to 2023. Of which, loans for job creation will increase by at least VND 1,700 billion, and loans to support poverty reduction will increase by at least VND 300 billion.
Source link
Comment (0)