VBSP actively organizes the review conference for 10 years of implementing Directive No. 40-CT/TW

On July 1, in Hanoi, VBSP held a conference to deploy tasks in the last months of 2024. Mr. Duong Quyet Thang - Secretary of the Party Committee of Central Bank for Social Policies, Member of the Board of Directors - General Director of VBSP chaired the conference. The conference was deployed under online method with meeting points at VBSP in provinces, cities and district levels.

Mr. Duong Quyet Thang - General Director of VBSP gave a speech at the conference

The Head of the Supervisory Board; Standing Deputy Secretary of the Central Bank for Social Policies Party Committee; Deputy General Directors; Chief accountant; President and Vice President of the Trade Union; Chief of Office, Deputy Chiefs of Office; Director, Deputy Director of CMNV Departments at Head Office, Training Center, Information Technology Center, Transaction Department; and Directors of 63 branches of VBSP in provinces and cities also attended the conference.

Delegates at the Central point

Speaking at the conference, Mr. Duong Quyet Thang - General Director of VBSP said: In the first 6 months of 2024, VBSP has actively followed the Government's Resolution; Directive of the Governor of the State Bank of Vietnam; Resolution of the Board of Directors of VBSP to focus on carrying out assigned tasks and has achieved positive results, promptly disbursing loans to serve poor households, near-poor households and other policy beneficiaries.

By June 30, 2024, total policy credit has reach VND 372,723 billion, an increase of VND 26,299 billion compared to 2023; Of which, capital entrusted from the local budget reached VND 46,929 billion, an increase of VND 7,755 billion. Typically, some provinces and cities have transferred a lot of entrusted capital to policy beneficiaries in the first 6 months of 2024, such as: Hanoi City (VND 1,622 billion), Ho Chi Minh City (VND 1,068 billion), Cao Bang (VND 319 billion), Da Nang City (VND 264 billion), Hai Duong (VND 234 billion), Dong Nai (VND 226 billion).

 Ms. Le Thi Duc Hanh - Deputy General Director of VBSP reported on the results of VBSP activities in the first 6 months of 2024 and mission tasks for the last months of 2024

As of June 30, 2024, total policy credit balance has reached VND 350,513 billion, an increase of VND 18,589 billion compared to 2023 with over 6.8 million active borrowers. Improving credit quality has been focused. The rate of overdue debt and frozen debt has accounted for 0.56% of total outstanding debt, of which overdue debt has accounted for 0.21% of total outstanding debt.

VBSP has promptly transferred preferential credit to beneficiaries, contributing to developing economy, ensuring social security and successfully implementing national target programs for sustainable poverty reduction, new rural construction and socio-economic development in ethnic minority and mountainous areas.

In the first 6 months of 2024, total loan turnover of VBSP has reached VND 63,937 billion with over 1.3 million poor households and other policy beneficiaries receiving loans. Of which, more than 403 thousand workers have been created jobs; 2 thousand people having finished their prison sentences have created jobs; more than 24.2 thousand disadvantaged students have had opportunities of schooling; more than 1,018 thousand works of rural clean water and sanitation have been built; 646 houses have been built for poor households to stabilize their lives; more than 2.4 thousand social housing units for policy beneficiaries...

Delegates at local points

In the 6 last months of 2024, the General Director requested the entire system to organize and implement well the targets of credit growth assigned by the Prime Minister, especially proactively carrying out the work of mobilizing capital entrusted from the local budget. VBSP also focuses on advising the Government, ministries, branches, party committees and local authorities at all levels to well implement Directive No. 40-CT/TW, Conclusion No. 06-KL/TW of the Secretariat and Decision No. 1630/QD-TTg of the Prime Minister. At the same time, VBSP actively organizes the review of 10 years of implementing Directive No. 40-CT/TW of the Party Central Committee Secretariat in the locality.

Besides, VBSP continues to coordinate closely with party committees, local authorities and entrusted mass organizations to improve credit quality. Moreover, VBSP will focus on implementing digital transformation. VBSP will perform well propaganda work on the Party and State's guidelines, policies on policy credit; promote emulation movements to strive to successfully complete assigned tasks; timely evaluate and reward individuals with excellent achievements in order to motivate and encourage officials.

At the conference, the Emulation and Commendation Council of VBSP announced the Commendation Decisions of the Prime Minister, Governor of the State Bank and General Director of VBSP for collectives and individuals who have excellently completed their assigned tasks.

Mr. Duong Quyet Thang - General Director congratulated 7 groups honored to receive the State Bank's Emulation Flag in 2023

Collectives with high achievements in activities in the first 6 months of 2024 received Certificates of Merit from the General Director of VBSP

Representative collectives in the work of mobilizing local trust capital at the provincial level in the second quarter of 2024

Huu Trung – Phan Anh – Nguyen Hien