The PPC’s Vice Chairman, Vo Phien, works with the provincial Bank for Social Policies
23/04/2024 09:52 48
The PPC’s Vice Chairman Vo Phien chairs the meeting On April 19, Vice Chairman of the Provincial People's Committee Vo Phien chaired a meeting to evaluate activities in the first quarter and deploy tasks in the second quarter of 2024 of the Bank for Social Policies - Quang Ngai branch. Attending the meeting were leaders of departments, sectors and People's Committees of districts, town and city. 
In the first quarter of 2024, the Representative Board of the Provincial Social Policy Bank focused on implementing policy credit activities, strengthening disbursement, meeting the loans demand for production and business development of poor households and policy beneficiaries.
As of March 31, 2024, the total capital of the Provincial Social Policy Bank reached over 5,438 billion VND, an increase of 221.8 billion VND compared to 2023, a growth rate of 4.3%.
Total outstanding debt of credit programs reached over 5,428 billion VND with more than 107,740 customers.
Overdue debt accounted for 0.092% of total outstanding debt.
In the first quarter, over 11,240 poor, near-poor households and policy beneficiaries received loans with a loan sales of 534.7 billion VND.
Loan sales mainly focused on programs, including: supporting job creation, maintaining and expanding jobs, lending to poor, near-poor households and business households in difficult areas, clean water and rural environmental sanitation, pupils, students in difficult circumstances,...
Scene of the meeting
In the 2nd quarter of 2024, the Provincial Bank for Social Policies will focus resources on promoting disbursement of policy credit programs according to assigned plan targets, timely meeting the loan needs of the poor and other policy beneficiaries.
Concluding the meeting, the PPC’s Vice Chairman Vo Phien asked the Representative Board of the Provincial and District Banks for Social Policies to strengthen inspection and supervision, direct and solve problems, and continue to balance local budgets. In addition, they should set out solutions to reduce the overdue debt rate, and improve the quality of savings and loan groups.
The PPC’s Vice Chairman Vo Phien speaks at the meeting
Phien also asked units to review the need for loans to create jobs according to Decree 22 of the Government, and regularly monitor the process of implementing policy credit activities in the province.
Minh Thien
