The working delegation of the Social Policy Bank worked with the Board of Directors of the Provincial Social Policy Bank.

On November 24, the working delegation led by Mr. Duong Quyet Thang, Member of the Board of Directors, General Director of the Vietnam Bank for Social Policies (VBSP) had a working session with the Representative Board of the Provincial VBSP on the implementation results of Directive No. 40-CT/TW dated November 22, 2014, Conclusion No. 06-KL/TW dated June 10, 2021 of the Secretariat; the implementation of preferential credit policies according to Resolution No. 11/2022/NQ-CP of the Government and the Development Strategy of the VBSP to 2030.

Comrade Nguyen Long Bien, member of the Provincial Party Committee, Vice Chairman of the Provincial People's Committee, Head of the Board of Directors of the Provincial Social Policy Bank received and worked with the delegation.

According to the provincial branch of the Social Policy Bank, through the implementation of Directive No. 40-CT/TW, Conclusion No. 06-KL/TW of the Secretariat and the plan of the Provincial Party Standing Committee on strengthening the Party's leadership over social policy credit, the awareness and responsibility of local Party committees and authorities in fully and promptly implementing policies and guidelines on preferential credit, meeting the capital needs for production and business of poor and near-poor households and other policy beneficiaries in the province. As of November 20, 2023, the total capital source reached VND 3,386.8 billion, an increase of VND 444.3 billion compared to 2022; of which, the balanced capital source from the central government is VND 2,923.2 billion, mobilized capital is VND 356.9 billion, and local entrusted capital is VND 106.7 billion; Total lending turnover of credit programs reached 3,376.5 billion VND, with more than 80,100 customers/103,276 outstanding loans. The process of checking and monitoring the use of loan capital; the work of urging, collecting, handling, and preventing bad debts from arising was paid attention and focused. The results of building the development strategy of the Social Policy Bank until 2030 were implemented safely, basically according to the set roadmap.

Comrade Nguyen Long Bien, member of the Provincial Party Committee, Vice Chairman of the Provincial People's Committee spoke at the meeting.

At the meeting, the Vice Chairman of the Provincial People's Committee further clarified the achievements as well as difficulties and shortcomings in implementing policy credit programs in the province. At the same time, he thanked the attention of the Bank for Social Policies for always accompanying and allocating capital in a timely manner, creating conditions for beneficiaries to access loans. Through review, the current demand for loans to support job creation in the province is still very large; however, due to difficulties and low annual budget revenue, the local budget capital entrusted to the Bank for Social Policies is still limited; he recommended that the General Director of the Bank for Social Policies consider and supplement additional capital sources for the province to ensure the implementation of this program.

After listening to the province's report and the contributions of the members of the working delegation, General Director of the Bank for Social Policies Duong Quyet Thang acknowledged and commended the results that the province has achieved in the past time. He hoped that the province would continue to effectively implement Directive No. 40-CT/TW and Conclusion No. 06-KL/TW of the Secretariat; further promote the role and responsibility of Party committees, authorities at all levels, departments and branches in implementing social policy credit. Organize the disbursement of preferential credit programs according to the right beneficiaries, especially the loan program according to Resolution No. 11/NQ-CP; along with that, drastically implement solutions to improve the quality of operations of savings and loan groups; activities of receiving trust from associations, unions and commune transaction points. Focus on propaganda and dissemination of new lending policies, orienting people to invest in suitable production models. Strengthen inspection and supervision of capital use by borrowers...

Comrade Duong Quyet Thang visited the production situation of borrowers in Bac Son commune (Thuan Bac). Photo: H. Lam

* Previously, comrade Duong Quyet Thang and the working delegation inspected the implementation of credit programs according to Resolution No. 11/NQ-CP of the Government in Thuan Bac district and met and discussed with a number of households borrowing capital in Bac Son commune; encouraged people to use loan capital reasonably, invest in effective cultivation and livestock breeding, increase income, and escape poverty.

Hong Lam

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