On July 29, Vice Chairman of the Provincial People's Committee and Head of the Board of Representatives of the Quảng Ngãi Provincial Bank for Social Policies (VBSP), Nguyễn Ngọc Sâm, chaired a meeting to review the performance of social policy credit over the first seven months of 2025 and set out tasks for the remainder of the year.
Vice Chairman of the Provincial People's Committee Nguyễn Ngọc Sâm chairs the conference
The meeting was held both in person and online, with the participation of the Board’s members and chairpersons of communes, wards, and a special zone.
As of July 24, 2025, total capital reached over VNĐ 11.2 trillion. Of this, central government funding accounted for VNĐ 9.1 trillion (81.18 per cent), locally mobilized capital with interest rate compensation reached over VNĐ 1.08 trillion (9.67 per cent), and locally balanced capital was VNĐ 1.03 trillion (9.15 per cent), an increase of VNĐ 286 billion compared to the end of 2024.
Loan disbursements in the first seven months totalled VNĐ 2.5 trillion. Outstanding loans stood at VNĐ 11.2 trillion, increasing by more than VNĐ 737 billion from the end of 2024. The overdue debt ratio remained low at 0.15 per cent, indicating effective loan management.
Representative from the Quảng Ngãi Provincial Bank for Social Policies reports at the conference
To improve credit access, the Board proposed that the Government should add commune-level chairpersons to the Provincial Board and issue guidelines allowing “special zones” to continue accessing clean water and sanitation loans.
The Board also proposed that the Provincial People's Committee direct local authorities to prioritize budget allocations for entrustment through VBSP.
Vice Chairman Nguyễn Ngọc Sâm commended the efforts of the VBSP network and local authorities in implementing social credit programs, highlighting the role of policy credit in supporting disadvantaged groups, reducing poverty, and ensuring social welfare.
PPC’s Vice Chairman Nguyễn Ngọc Sâm speaks at the conference
He urged relevant sectors to coordinate closely with VBSP in the final months of 2025, with a focus on addressing bottlenecks in loan verification and disbursement, ensuring timely access to credit for the right beneficiaries, and contributing to the province’s socio-economic development goals.
Minh Thiện
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