Focus on reducing overdue debt and improving the efficiency of policy credit capital

Deputy Secretary of the Party Committee and Chairman of the People's Committee of Long Thanh Commune, Huynh Van Thai Quynh, proposed expanding the loan target and adding a credit program for households in difficult circumstances.

According to the People's Committee of Long Thanh Commune, the total outstanding debt is currently 88,197 billion VND, an increase of 1.17 billion VND compared to 2024, with 74 savings and loan groups and 2,931 households still in debt. The outstanding interest as of September 25 is 1.96 billion VND, an increase of 206 million VND compared to the beginning of the year.

The overdue debt ratio of Long Thanh commune is 2.96%, equivalent to 2.6 billion VND, an increase of 913 million VND compared to the previous year; of which, 822 million VND is expired debt that has been transferred. Some debts that are difficult to collect are mainly due to borrowers working far away, resettling or having difficulty in paying debts on time.

Deputy General Director of Vietnam Bank for Social Policies Nguyen Thi Hang gave a speech at the working session with Long Thanh commune.

In her speech, Ms. Nguyen Thi Hang emphasized: “Policy credit capital is an important tool to achieve the goal of sustainable poverty reduction and social security. Therefore, the Transaction Office of the Social Policy Bank of Giong Rieng, the People's Committee and organizations of Long Thanh commune need to regularly follow the grassroots, grasp the living situation and production and business activities of borrowers. On that basis, both timely support and effective handling of overdue debts, not allowing more bad debts to arise.”

The Deputy General Director of the Vietnam Bank for Social Policies also noted the need to step up propaganda and guidance for borrowers to use capital for the right purposes, linking credit capital with local socio -economic development programs, so that the capital can truly be effective.

Deputy General Director of Vietnam Bank for Social Policies Nguyen Thi Hang (left) gives gifts to poor households in Long Thanh commune who are borrowing policy credit capital.

Previously, on the morning of September 29, Deputy General Director of the Vietnam Bank for Social Policies Nguyen Thi Hang and the working delegation inspected two savings and loan groups; visited and encouraged six poor and near-poor households borrowing policy credit capital in Nam Hai hamlet and Nga Con hamlet of Long Thanh commune.

News and photos: DANG LINH

Source: https://baoangiang.com.vn/tap-trung-giam-no-qua-han-nang-cao-hieu-qua-von-tin-dung-chinh-sach-a462730.html