(HBO) - In 2023, the Vietnam Bank for Social Policies has assigned its branch in Hoa Binh to increase outstanding loans for credit programmes under the Government’s Resolution No. 11/NQ-CP by 53 billion VND.

Of the sum, 28 billion VND is for social housing and 25 billion VND will be used to support housing, career change and value chain in accordance with Decree No. 28/2022/ND-CP.


Since the beginning of this year, the provincial branch has accelerated the disbursement of the credit programmes under Resolution No. 11/NQ-CP.

As of March 31, the total outstanding loans reached 277.3 billion VND (11.79 million USD), covering job creation, maintenance and expansion (150 billion VND), social housing (112 billion VND), computers and equipment for online learning of students (8.8 billion VND), non-public preschools and primary schools (800 million VND), and the implementation of the national target programme on socio-economic development in ethnic minority-inhabited and mountainous regions (5.6 billion VND).

The timely implementation of the credit programmes has contributed significantly to local socio-economic recovery and development./.


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