In 2023, the Provincial Branch of the Vietnam Bank for Social Policies (VBSP) achieved many important results in policy credit activities, contributing to helping many borrowers create jobs, increase income, and sustainably reduce poverty. On this occasion, Quang Tri Newspaper reporters interviewed the Director of the Provincial VBSP Branch TRAN DUC XUAN HUONG about the results achieved and solutions to effectively deploy policy credit capital in the coming time.
-Madam! Could you please give us an overview of the organizational structure of the Provincial Social Policy Bank Branch in the whole province so that we can be comprehensive, proactive, flexible, and closely follow up on the implementation of assigned tasks and achieve the best results?
- In the past time, the Quang Tri Provincial Branch of the Vietnam Bank for Social Policies has made efforts to closely follow the assigned goals, solutions and plans, actively advised the Provincial Party Committee, People's Council, People's Committee, and the Board of Directors to well implement the Party's directives and conclusions on social policy credit and carry out the tasks assigned by the Government, the Prime Minister, and Quang Tri province, striving to achieve the highest results, contributing to the good implementation of the tasks and goals of sustainable poverty reduction, new rural construction, and ensuring social security in the whole province.
People come to transact at the transaction point of the Social Policy Bank in Gio An commune, Gio Linh - Photo: TU LINH
Up to now, the apparatus of the Provincial Social Policy Bank Branch has been responsible for organizing, operating and managing policy credit capital uniformly from the province to the district and town levels. In the first phase, only 15 officers implementing social policy credit from the Bank for the Poor and other sectors were transferred. Up to now, the Provincial Social Policy Bank Branch has built and completed the organizational apparatus to ensure good operation, including: the Branch Board of Directors, 5 professional departments at the provincial branch headquarters and 8 district and town transaction offices.
The branch has 139 officers, civil servants and employees working at the provincial branch headquarters and district transaction offices. Professional and technical staff with post-graduate and university degrees account for 98.33%, college and intermediate degrees account for 1.67%, and intermediate political theory degrees or higher account for 38.3%.
Training, coaching, evaluation, comments, mobilization, rotation, and staff reinforcement are increasingly focused on to improve capacity, ensure quality, high sense of responsibility, meet assigned tasks, have professional ethics, have a sense of organization and discipline, and a civilized and polite communication style, always close to the people, always dedicated to serving the poor and policy beneficiaries. The executive apparatus has strived to achieve remarkable results. Safely manage preferential credit capital sources of the State, well organize transactions at 125 transaction points located at the headquarters of the People's Committees at the commune level and at the headquarters of the People's Credit Fund transaction offices; organize training, fostering, and professional training for the chairmen of the People's Committees at the commune level, village and neighborhood heads, the team of entrusted staff and the entire management board of the savings and loan groups (TK&VV).
-Overcoming difficulties and challenges, what operational results did the Provincial Branch of the Vietnam Bank for Social Policies achieve in 2023, Madam?
- The efforts of the staff of the VBSP Branch in the area over the past year have contributed to bringing about meaningful results in policy credit activities. The total policy credit capital as of November 30, 2023 reached VND 4,776 billion, an increase of VND 874 billion compared to 2022, with a growth rate of 22.4%. Of which, the balanced capital transferred from the central government reached VND 3,886.3 billion, accounting for 81.2% of the total capital, an increase of VND 800 billion compared to 2022. The local budget capital entrusted for lending reached VND 179.9 billion, accounting for 3.8% of the total capital, an increase of VND 22 billion compared to 2022, completing 110% of the central plan. Capital mobilization from organizations and individuals reached 709.8 billion VND, accounting for 15% of total capital, an increase of 52 billion VND compared to 2022. Of which, deposits received from members of savings and credit groups were 235.2 billion VND, an increase of 35.3 billion VND compared to 2022. Savings mobilization through organizations and individuals was 474.6 billion VND, an increase of 16.7 billion VND compared to 2022.
Loan turnover in 11 months of 2023 reached 1,509 billion VND, with more than 27 thousand customers borrowing capital. Debt collection turnover in 11 months of 2023 reached 692 billion VND.
Accordingly, the total outstanding policy credit balance as of November 30, 2023 reached VND 4,699 billion, an increase of VND 817 billion compared to 2022, a growth rate of 21%; with 1,841 savings and credit groups and more than 75,600 households with outstanding loans. The scale of outstanding loans at district-level transaction offices of the Vietnam Bank for Social Policies has been increasingly improved. To date, Vinh Linh has achieved an outstanding loan balance of over VND 700 billion; Huong Hoa has achieved over VND 690 billion; 4 districts have achieved over VND 500 billion (Gio Linh, Hai Lang, Trieu Phong, Dakrong); Dong Ha City and Cam Lo District have achieved over VND 400 billion, Quang Tri Town has achieved over VND 225 billion.
Regarding credit quality, the branch has implemented synchronous and effective solutions to control credit quality well, improve loan management capacity, and effectively implement specific credit models in the area. As of November 30, 2023, the total overdue debt and frozen debt was 4.85 billion VND, accounting for 0.1% of total outstanding debt. Of which, overdue debt was 2.35 billion VND, accounting for 0.05% of total outstanding debt (equal to 2022). The whole province has 71.2% of communes (89/125 communes), 97% of savings and credit groups (1,784/1,836 savings and credit groups) with no overdue debt and Cam Lo is the only unit with no overdue debt. The quality of policy credit in the whole province is classified as good; 100% of district and commune levels are classified as good.
-Madam, to better meet the borrowing needs of policy beneficiaries and to make policy credit capital practically effective in people's lives, what proposals and recommendations does the Provincial Branch of the Vietnam Bank for Social Policies have?
- Through the practical implementation of policy credit capital, many policy beneficiaries have been able to escape poverty and become rich legitimately thanks to policy credit capital loans. However, in order for policy credit capital to further promote its role and significance, it is recommended that the Government consider allowing communes that meet the new rural standards in the 2021-2025 period to continue to enjoy the preferential credit program for production and business households in difficult areas according to Decision No. 31/2007/QD-TTg dated March 5, 2007 and Decision No. 17/2023/QD-TTg dated June 5, 2023 of the Prime Minister, extending the period of enjoyment for 3 years from the date of announcement of the commune meeting the new rural standards, in order to create conditions for people to have capital to invest in production, develop the economy and escape poverty sustainably.
Propose that the Prime Minister consider and adjust the loan level for the rural clean water and environmental sanitation credit program from 10 million VND/project to 30 million VND/project. Propose that central ministries and branches consider and submit to the Government an additional credit program for households with average living standards to borrow capital to expand investment in production and business development, contributing to repelling and gradually eliminating "black credit".
Thank you!
Tu Linh (performed)
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