Social policy credit to be improved

Chairman Tran Van Can of the Mekong Delta province of Long An People’s Committee chaired the online meeting 

In 2017, the bank followed guidance from the Vietnam bank for social policies, Long An Party Committee, people’s Committee, management council and cooperated closely with relevant agencies, departments in implementing solutions efficiently, meeting the demand for loans of policy beneficiaries, poor households and contributing in sustainable poverty reduction.

As of 2017 result, total capital source for social policy credit reached VND 2,740billion, an increase of VND 166,356million compared to previous months, of these, VND 2,644billion were from central capital, accounting for 96.51 percent of total capital source; VND 95,743million were from the provincial budget, accounting for 3.49 percent.

Total loans reached VND 840,713million with 40,676 clients, focusing on households who just passed the poverty line (VND 232,458million); clean water, sanitation works with VND 218,165 million and remote areas with VND 123,608 million)… debt collection totaled VND 682,155million.

In 2018, Long An Bank for social policies continues completing 100 percent of its growth plan, mobilizing local capital source up to at least VND 20billion; its overdue and charged-off debt ratio lower than 2017 and striving not have long term debts…

Chairman Can appreciated highly the bank’s achievements in 2017 suggesting that the departments, agencies need to overcome difficulties to get better results in 2018.

He asked relevant agencies should pay visits to the localities to help poor households to get loans from social policy credit source besides; the bank should propose the province People’s Committee efficient solutions to raise credit policies, contributing poverty reduction and improving local people’s material life./.

 By Kim Ngoc –Translated by Ha Dung