Hanoi strives to achieve policy credit growth of 8-10% in 2024

Tuesday, 30/01/2024 15:45
The Vietnam Bank for Social Policies’ (VBSP) branch in Hanoi has organized a conference to carry out tasks for 2024.

Mr. Dao Sy Hai, Deputy Director of the VBSP’s branch in Hanoi, said that in 2023, the branch closely followed the goals and tasks of the industry, the direction of the Party Committee, People’s Council and People’s Committee of the city; made efforts to overcome difficulties, drastically, synchronously and effectively carried out solutions, and successfully completed political tasks and targets.

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Honoring teams for outstanding performance in 2023. (Photo: hanoimoi.vn)

Total outstanding debt of credit programs reached 14,161 billion VND, nearly 267,000 customers who are poor households and other policy beneficiaries in the area borrowed capital, an increase of 1,430 billion VND and a growth rate of 11.2%.

By the end of 2023, the branch’s overdue debt is 2.3 billion VND, accounting for 0.016% of the total credit balance. The entire branch has 14 district-level units with no overdue debt, an increase of 3 units compared to the beginning of the year. Out of 579 communes, wards and towns, 533 have no overdue debt, an increase of 9 communes compared to the beginning of the year.

In addition to achievements in professional activities, the branch’s community Trade Union regularly cared for and protected the legitimate rights and interests of workers; promoted its role as representative of employees; and actively carried out popularization, education and encouragement of employees to raise awareness of discipline and strictly implement the collective labor agreement.

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Mr. Pham Van Quyet, Director of the VBSP’s branch in Hanoi, awarded the Prime Minister's Certificate of Merit to Ms. Do Thanh Hien, former Deputy Director of the branch. (Photo: hanoimoi.vn)

In 2024, the unit strives to complete the plan assigned by the central government and the city, with a minimum credit growth rate of about 8-10% compared to 2023. Through policy credit capital, it contributes to achieving the goals of socio-economic development, poverty reduction, job creation, building new-style rural areas and ensuring social security of the city./.

BTA

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