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General Director of VBSP Duong Quyet Thang met with the delegation of senior officials of Xaysomboun (Laos). (Photo: vbsp.org.vn)
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VBSP has worked with a delegation of senior officials of Xaysomboun (Laos) led by Deputy Secretary of the Provincial Party Committee Vongson Inpanphim.
At the meeting, General Director of VBSP Duong Quyet Thang sent greetings and best wishes to the delegation during its working visit to Vietnam, including the working session with the bank.
The General Director discussed the model of Social Policy Bank, established by the Government of Vietnam to implement preferential credit policies for the poor and other policy beneficiaries, operating for the goals of poverty reduction and economic development, ensuring economic and social security, not for profit purposes.
Currently, VBSP has a system covering Vietnam with 63 provincial/city branches, 627 district transaction offices, nearly 11,000 communal transaction points, nearly 200,000 savings and loan groups. Total policy credit capital by June 30, 2023 reached more than 320 trillion VND, and total outstanding debt was more than 303 trillion VND with more than 6.7 million customers.
He also emphasized the results that VBSP has achieved after more than 20 years of establishment, positively contributing to poverty reduction and socio-economic development of Vietnam.
VBSP has been highly appreciated by the National Assembly of the Socialist Republic of Vietnam and international organizations, and is a bright spot and one of the main "pillars" of the system of poverty reduction policies associated with national target programs in Vietnam.
Speaking at the meeting, Deputy Secretary Vongsone Inpanphim and Vice Chairman of the Xaysomboun provincial Committee Souksavat Vongphumlek hailed the impressive results VBSP has achieved in recent times. They believed that under the leadership of the Party, the State, and the efforts of the Board of Directors and staff, VBSP will continue to develop sustainably, contributing to solving poverty reduction, helping Vietnam soon become a rich and strong country in the region.
The Xaysomboun Development Fund is providing credit products for production and business households and small and medium-sized enterprises with a total outstanding loan of about 45.7 billion LAK. The fund mainly lends money in the fields of agriculture - forestry, services, industry, commerce and handicrafts with the goal of creating jobs, generating income for people and businesses and contributing to poverty reduction in the province./.