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Increasing local trust capital to more effectively implement policy credit work in the province is the goal Hai Duong is striving for.
On the afternoon of December 11, comrade Tran Duc Thang, member of the Party Central Committee, Secretary of the Provincial Party Committee chaired a working session of the Standing Committee of the Provincial Party Committee with the working delegation of the Vietnam Bank for Social Policies led by General Director Duong Quyet Thang.
Attending the meeting were comrades: Le Van Hieu, Standing Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Council, Head of the Provincial National Assembly Delegation; Tran Van Quan, Vice Chairman of the Provincial People's Committee, Head of the Board of Directors of the Social Policy Bank, Provincial Branch; a number of comrades leading relevant departments, branches, sectors and organizations.
Speaking at the meeting, Provincial Party Secretary Tran Duc Thang thanked the Vietnam Bank for Social Policies for their companionship and support, and congratulated the positive results in the operations of the entire system in general and the provincial branch in particular.
Provincial Party Secretary Tran Duc Thang requested the Bank for Social Policies to pay attention to Hai Duong's proposals and recommendations at the meeting, with three main groups of contents: allocating annual growth capital, especially capital for job creation loans, loans for clean water and rural environmental sanitation, and social housing loans; prioritizing the balance and arrangement of annual central capital to match local entrusted capital; researching and reporting to the Government for consideration of raising the maximum loan level for the clean water and environmental sanitation program to at least VND 25 million/project (currently at VND 10 million/project), and adding lending subjects.
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Provincial Party Secretary Tran Duc Thang affirmed that Hai Duong is determined to strive for the province's local entrusted capital to reach at least 15% of total capital by the end of 2025. He requested the Provincial People's Committee to consider and review the transfer of capital from a number of related funds to the provincial branch of the Vietnam Bank for Social Policies to improve the efficiency of policy credit lending. He requested the Provincial People's Committee, relevant departments, branches, sectors, organizations and the provincial Bank for Social Policies to coordinate more closely in implementing policy credit tasks.
At the meeting, General Director of Vietnam Bank for Social Policies Duong Quyet Thang emphasized that with the slogan of the whole system being “Understanding the people, serving wholeheartedly”, in recent times, policy credit has contributed to promoting socio-economic development. He pledged to always accompany Hai Duong in promoting policy credit, especially timely capital counterpart when the province transfers local entrusted capital sources.
On this occasion, the Social Policy Bank Trade Union presented Hai Duong with 1 billion VND to build "great solidarity" houses.
According to data at the meeting, by December 31, 2023, the total operating capital of the Vietnam Bank for Social Policies, Hai Duong branch, is estimated to reach VND 4,880 billion, of which the capital entrusted for investment in the locality is VND 267 billion, equivalent to 5.6% of the total capital. In 2023 alone, the local entrusted capital will reach VND 138 billion, an increase of 109% compared to 2022, of which the provincial budget capital is VND 130 billion.
The total outstanding debt as of December 31, 2023 is estimated at VND 4,767 billion, mainly concentrated in credit programs for poor households, near-poor households, newly escaped poverty households, job creation, students, social housing, clean water and rural environmental sanitation. The outstanding debt of these programs accounts for 99.6% of the total outstanding policy credit balance of the whole province.
Since 2003, since the establishment of the Social Policy Bank, Hai Duong branch, the policy credit capital has actively contributed to helping 106,694 households escape poverty; attracting and creating jobs for 46,215 workers; helping 118,518 students in difficult circumstances to borrow capital to cover their study expenses; building 458,138 clean water and environmental sanitation works in rural areas, 3,788 houses (2,878 houses for poor households, 910 social houses); lending to 6,801 workers to work abroad for a limited period; lending to 13 employers to pay for work stoppages and production recovery wages for 1,011 workers affected by the Covid-19 pandemic.
.jpg "The violator has removed the surrounding wall and iron net around the Bac Hung Hai bridge pillar.")
