Working delegation of Vietnam Bank for Social Policies worked with the Standing Committee of Dak Lak Provincial Party Committee

On the morning of June 26, General Director of Vietnam Bank for Social Policies Duong Quyet Thang and the working delegation had a working session with the Standing Committee of Dak Lak Provincial Party Committee on policy credit and the implementation results of Directive No. 40-CT/TW, dated November 22, 2014 of the Central Secretariat on strengthening the Party's leadership over social policy credit in Dak Lak province.

Working scene.

Receiving and working with the delegation were Member of the Party Central Committee, Secretary of the Provincial Party Committee Nguyen Dinh Trung; Chairman of the Provincial People's Council Huynh Thi Chien Hoa; Permanent Vice Chairman of the Provincial People's Committee Nguyen Tuan Ha; Chairman of the Provincial Vietnam Fatherland Front Committee Y Giang Gry Nie Knong and representatives of leaders of relevant departments and branches.

The report at the working session said that in recent times, Dak Lak province has focused on directing and effectively implementing the Party and State's policies and guidelines on social credit, contributing to effectively implementing the goals and tasks of sustainable poverty reduction, new rural construction, human resource development, ensuring social security, political stability, national defense and security, and socio-economic development in ethnic minority and mountainous areas in the province.

Permanent Vice Chairman of the Provincial People's Committee Nguyen Tuan Ha spoke at the meeting.

To date, the total source of policy credit has reached nearly VND 7,947 billion, an increase of nearly VND 569 billion compared to the end of 2023 and an increase of more than VND 4,915 billion compared to 2014. In the first 6 months of 2024, 33,723 poor households, near-poor households and other policy beneficiaries have received loans with a total amount of nearly VND 1,561 billion. Outstanding policy credit in the province currently reaches more than VND 7,890.4 billion, an increase of more than VND 534.5 billion compared to the end of 2023 (growth rate of 7.27%) with over 173,000 customers with outstanding debt. Overdue debt and frozen debt is more than VND 8.3 billion, accounting for 0.11%; There are 2 districts, 108/184 communes, 578/691 commune-level unions, 3,926/4,056 Savings and Loan Groups with no overdue debt.

Since the issuance of Directive No. 40-CT/TW, the local budget capital has been transferred to nearly 386 billion VND. The total outstanding debt of policy credit programs increased by more than 4,888 billion VND compared to 2014, with an average outstanding debt of nearly 46 million VND/household, an increase of 28 million VND compared to 2014.

Party Central Committee member, Provincial Party Secretary Nguyen Dinh Trung spoke at the meeting.

At the working session, Party Central Committee member, Provincial Party Secretary Nguyen Dinh Trung said that Dak Lak is a locality with many difficulties, with a high rate of ethnic minorities and poor households. Therefore, policy credit plays a very important role in socio -economic development and sustainable poverty reduction. Party committees and authorities at all levels in the province always pay attention to this field, and at the same time, the Social Policy Bank system has operated effectively, bringing capital to the poor and policy beneficiaries. Based on the recognition of difficulties and shortcomings, the locality will continue to pay attention and demonstrate responsibility to the people through policy credit, supplementing budget capital to the Social Policy Bank so that people can access capital conveniently.

General Director of Vietnam Bank for Social Policies Duong Quyet Thang speaks at the meeting.

Speaking at the meeting, General Director of the Vietnam Bank for Social Policies Duong Quyet Thang acknowledged and highly appreciated the results that Dak Lak province has achieved in the process of implementing social policy credit work in the locality. At the same time, he emphasized that the Bank for Social Policies is a superior and humane model, demonstrating the Party and State's concern for poor households and vulnerable people. In the coming time, the Central Government will accompany the locality to build and effectively implement the overall project on social policy credit to continue to spread the Party and State's policies and guidelines, making an important contribution to poverty reduction and ensuring social security in the locality.

Donate funds to support the demolition of temporary housing for the poor.

On this occasion, the Social Policy Bank Trade Union donated 1 billion VND to support the elimination of temporary housing for the poor in Dak Lak province.

Source: https://daklak.gov.vn/-/-oan-cong-tac-cua-ngan-hang-chinh-sach-xa-hoi-viet-nam-lam-viec-voi-thuong-truc-tinh-uy-ak-lak