By June 30, the total implemented policy capital reached nearly VND 4,853 bln
Reportedly, as of June 30, the total implemented capital reached nearly VND 4,853 billion, an increase of VND 322.9 billion compared to 2022, the growth rate reached 7.1%. In which, loan reached more than VND 699.5 billion, creating conditions for 17,364 turns of poor households, near-poor households and other policy beneficiaries to borrow capital for economic development, mainly focused on job creation, clean water and rural environmental sanitation, etc.
Total outstanding loans of credit programs as of June 30, 2023 reached more than VND 4,845 billion, up 7.2% compared to 2022, reaching 84.9% of the growth plan assigned in 2023.
Outstanding loans of the preferential credit program under Resolution No. 11/NQ-CP was more than VND 248.5 billion, up VND 37.5 billion compared to 2022, reaching 57.4% of the growth plan.
Besides the outstanding loans growth of credit programs, credit quality continued to be maintained stably. By June 30, 2023, the total overdue debt and frozen debt was more than VND 10.4 billion, accounting for 0.21%/total outstanding loans; in which, the rate of overdue debt accounted for 0.1% of total outstanding loans, an increase of VND 70 million compared to 2022. Ly Son district has no overdue debts.
Speaking at the meeting, Vice Chairman of the Provincial People's Committee Vo Phien highly appreciated the policy credit work in the first 6 months of 2023.
In order to promote the effectiveness of policy credit capital in the coming time, the PPC’s Vice Chairman asked the Provincial Social Policy Bank to focus resources, accelerate the lending of credit programs and policies according to the plan, ensuring the schedule and meeting the needs of the poor and other policy beneficiaries.
In addition, the Directors Board of VBSP at all levels should strengthen the inspection and supervision of the implementation of preferential credit policies at the grassroots in order to promptly detect and adjust the shortcomings, contributing to improving the quality of policy credit.
Minh Thien
