Policy credit programmes carried out effectively

Vice Chairman of the provincial People's Committee Dang Ngoc Hau, who is head of the Representative Unit of the Board of Directors of the Vietnam Bank for Social Policies (VBSP)’s Son La branch (VBSP Son La), chaired a meeting on April 10 to evaluate the bank’s performance in the first quarter of 2025 and put forth key tasks for the second quarter.

 

The Representative Unit of the Board of Directors of VBSP Son La holds the first quarter meeting.

In the first quarter, the unit directed its chapters in districts, Moc Chau township and Son La city to effectively implement policy credit programmes; and focus on disbursing capital sources according to the credit growth plan assigned by the Government to promptly meet the capital needs of poor households and policy beneficiaries.

A leader of the provincial Department of Finance speaks at the meeting.

 

As of March 31, the local budget transferred to VBSP Son La to supplement capital for lending to poor households and policy beneficiaries reached over 276.2 billion VND (10.7 million USD), accounting for 3.9% of the total capital source of the bank. Over 7,400 customers received loans worth over 530.2 billion VND. The total outstanding debt reached over 6.97 trillion VND, an increase of 155.2 billion VND compared to that on December 31, 2024, with 122,000 households still having outstanding debt.

Addressing the meeting, Hau requested the Representative Unit to continue consulting and effectively implementing directives and resolutions of the Government and the National Assembly on a number of specific policy mechanisms to implement national target programmes; focus on giving advice on transferring resources to VBSP Son La to provide loans to local policy beneficiaries. He directed the bank and entrusted units to actively and effectively implement the "Savings Week, Joining Hands for the Poor" in the whole province; and promptly allocate and adjust targets to focus on completing the assigned plan.

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