(HBO) – The Representative Committee of the Board of Directors of the Vietnam Bank of Social Policy (VBSP) branch in Lac Son district held a conference to review credit activities in 2018 and launch tasks for 2019.

In 2018, outstanding loans under the branch’s 15 credit programmes in the district totalled 388.13 billion VND (16.73 million USD), up 25.43 billion VND from the start of the year.

 

Leaders of the VBSP provincial chapter present reward to 12 communes posting no overdue debts in 2018.

 The bank had a total of 18,115 customers in the district, who were members of 492 saving and borrowing groups. On average, each commune or town has 17 operating groups, with an average membership of 37 and average outstanding loans worth 787 million VND each.

 Twelve out of 29 communes and towns in Lac Son, or 41.38 percent, recorded no overdue debts. As many as 402 groups received good ratings, while 88 others gained fair ratings and two groups ranked average, with no underperforming groups.

 Social policy credit has provided financial resources for more than 18,000 households living below or just above the poverty line along with beneficiaries of the State’s preferential policy to develop household production or business, thereby creating new jobs and ensuring social welfare.

 At the event, the VBSP branch in Lac Son district outlined nine key tasks for 2019.

 On the occasion, the bank’s provincial branch presented rewards to 12 communes recording no overdue debts in 2018. Meanwhile, the People’s Committee of the district handed over rewards to 11 collectives and 13 individuals with outstanding performance in social policy credit in 2018./.

 

Related Topics


Cao Phong district sees economic recovery signs

Cao Phong district has witnessed signs of economic improvement over the recent past thanks to efforts by local authorities to promote agricultural, industrial, and handicraft development.

Evaluating the progress in implementing the standards to establish Luong Son town

On April 26th, the Steering Committee for completing the standards to establish Luong Son town of the province held a conference to evaluate the progress of implementing the standards to establish Luong Son town. Mr. Nguyen Van Toan, the Vice Chairman of the Provincial People's Committee, the Head of the Steering Committee chaired the conference.

Provincial Party Secretary visits soldier, pioneering youth of Dien Bien Phu Campaign

On the occasion of the 70th anniversary of the Dien Bien Phu Victory (May 7, 1954 - 2024), Nguyen Phi Long, alternate member of the Party Central Committee and Secretary of the Hoa Binh provincial Party Committee, and other officials of the province and Lac Son district on April 25 visited and presented gifts to local soldiers and pioneering youths who directly engaged in the Dien Bien Phu Campaign.

Fund for Natural Disaster Prevention and Control delegation visits Hoa Binh

A delegation from the Fund for Natural Disaster Prevention and Control and the Hero of the People’s Armed Forces Phan Trong Binh Social Work Fund on April 22 had a working session with leaders of Hoa Binh province.

Hoa Binh launches action month for food safety

The Hoa Binh Food Safety Sub-Department – the standing agency of the provincial Steering Committee for Food Safety on April 15 launched the action month for food safety in the province in 2024.

Prime Minister meets Hoa Binh province’s leaders

Prime Minister Pham Minh Chinh on April 13 held a working session with key leaders of Hoa Binh province on its implementation of the Government Office’s Notice No. 95.