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| Overview of the working session. (Photo: VGP) |
On November 22, the Quang Tri People’s Committee worked with an inspection delegation of Vietnam Bank for Social Policies (VBSP) on the situation of policy credit activities in the province.
According to the Quang Tri Bank for Social Policies, as of December 31, 2022, total policy credit capital reached 3,887 billion VND, an increase of 511 billion VND compared to 2021 with a growth rate of 15.1%. By October 31, 2023, the figure reached 4,464.6 billion VND, an increase of 577 billion VND compared to 2022 for a growth rate of 14.8%.
In the first 10 months of 2023, loan turnover is 1,184 billion VND, equivalent to 106% of loan turnover in the same period of 2022. Debt collection revenue was 609 billion VND, equivalent to 51.4% of loan revenue.
As of October 31, 2023, total policy credit balance reached 4,457 billion VND, an increase of 575 billion VND compared to 2022; growth rate posted 14.8% with 1,836 savings and loan groups and 74,007 households with outstanding loans.
Policy credit capital contributed to helping people develop production and improve their lives. More than 15,800 poor households, near-poor households and households just escaping poverty received loans. The capital helped create jobs for more than 8,000 workers and also helped more than 2,200 pupils and students in difficult circumstances get loans for their studies.
More than 4,300 households received loans for production and business in difficult areas. It supported the construction and renovation of more than 14,900 clean water and environmental sanitation projects in rural areas and the construction and repair of 723 social housing units.
At the meeting, the Quang Tri Bank for Social Policies proposed that the Government consider allowing communes that meet new rural standards in the 2021-2025 period to continue enjoying the preferential credit program for production and business households in disadvantaged areas according to Decision 31/2007/QD-TTg dated March 5, 2007 and Decision 17/2023/QD-TTg dated June 5, 2023 of the Prime Minister.
Vice Chairman of the Quang Tri People’s Committee Hoang Nam affirmed that he will continue to direct relevant departments and branches to advise the People’s Committee to annually balance and prioritize the allocation of additional provincial budget to the Bank of Social Policy to entrust the loans for poor households and policy beneficiaries.
Head of the Supervisory Board of Vietnam Bank for Social Policies Nguyen Manh Tu acknowledged and highly appreciated the activities of Quang Tri Bank for Social Policies in implementing the guiding documents of the Government and the industry./.