Representative board of Directors of the provincial bank for Social Policies held a meeting in the second quarter of 2021

– On July 12, the representative board of Directors of the provincial Bank for Social Policies(VBSP) held a meeting in the second quarter to expand and declare orientations and tasks in the third quarter of 2021.

 Mr. Duong Xuan Huyen, Standing Vice Chairman of the Provincial People’s Committee, Head of the Representative Board of the Provincial VBSP attended and directed the conference.

In the second quarter of 2021, the Board of Directors of the Provincial Bank for Social Policies paid close attention to closely directing the implementation of many synchronous and drastic solutions, effectively implementing policy credit programs and successfully completing delivered targets.

As a result, as of June 30, 2021, the total mobilized capital was 519.998 billion VND, an increase of 60,731 billion VND compared to the first quarter, an increase of 62,537 billion VND compared to December 31, 2020. Total outstanding loans for 16 credit programs is 3,250 billion VND, an increase of 182,788 billion VND compared to December 31, 2020 and an increase of 221,924 billion VND compared to the same period in 2020, completing 90% of the plan with a growth rate of 6%.

Mr. Duong Xuan Huyen, Standing Vice Chairman of the Provincial People’s Committee spoke at the meeting

The total number of customers with outstanding loans is 67,423 households, the average outstanding balance is 48.2 million VND per household. Loan sales from the beginning of 2021 to June 30, 2021 were 636.942 billion VND, an increase of 117,220 million VND over the same period, with 13,742 households borrowing loans.

The growth of outstanding loans mainly focused on programs such as: production and business in difficult areas; households just out of poverty; near-poor households; Clean water and sanitation in rural areas…

Regarding credit quality, it remained stable, overdue debt was 1,791 billion VND, down 125 million VND compared to December 31, 2020, accounting for 0.06% of total outstanding loans.

The VBSP’s loan capital has contributed positively to the goals of economic development, poverty reduction, social security, and new rural construction in the province. In the quarter, there were 7,825 turns of poor households and other policy beneficiaries getting loans, of which, poor households got 1,717 turns.

At the meeting, the delegates focused on discussing difficulties and obstacles in the process of implementing policy credit programs, and at the same time, proposed some solutions to perform tasks well in the third quarter of 2021.

Concluding the meeting, Mr. Standing Vice Chairman of the Provincial People’s Committee highly appreciated the results achieved in the first 6 months of 2021 of the Board of Directors of VBSP at all levels and the trust activities of political organizations – society.

The representative of VBSP Board of directors and the Provincial Public Security signed the coordination plan

The Vice Chairman suggested: In the coming time, the Board of Directors of VBSP at all levels will continue to well implement Directive 40-CT/TW, dated November 22, 2014 of the Secretariat on strengthening the leadership of the Party with social credit policies; The Board of Directors of VBSP in districts and city directs district transaction offices to develop credit plans for 2022; promoting propaganda on capital mobilization, Decision 861/QD-TTg dated June 4, 2021 of the Prime Minister approving the list of communes in Region III, Region II and Region I belonging to ethnic minority areas, minorities and mountainous areas in the period of 2021-2025.

The provincial branch of VBSP coordinated with the Department of Labor, War Invalids and Social Affairs to advise the Provincial People’s Committee to well implement the Government’s Resolution No. 68/NQ-CP dated July 1, 2021 on a number of support policies. support workers and employers facing difficulties due to the Covid-19 pandemic.

Entrusted socio-political organizations direct savings and loan groups to strengthen propaganda for members to perform well the work of mobilizing capital through the group, urging and recovering debts in a timely manner.

On this occasion, the provincial branch of VBSP and the provincial Public security signed a plan to coordinate in ensuring security and safety of money and assets.