Policy credit growth in Hai Duong is higher than the national average.

On the morning of April 12, the Board of Directors of the Vietnam Bank for Social Policies, Hai Duong branch, held a regular meeting for the first quarter of 2024 to assess the quality of policy credit activities in the area and deploy tasks for the second quarter.

By the end of the first quarter of 2024, policy credit balance growth will reach 3.9% compared to the end of 2023, higher than the national average (2.8%); total capital sources will increase by 3.94%, reaching 57.6% of the annual plan. The branch's credit quality is ranked good in the entire system.

Concluding the meeting, comrade Tran Van Quan, Vice Chairman of the Provincial People's Committee, Head of the Board of Directors of the Provincial Social Policy Bank, acknowledged the efforts of the Social Policy Bank system in growth and ensuring the quality of policy credit.

Comrade Tran Van Quan requested the Social Policy Bank system in the province to continue advising local Party committees and authorities to effectively implement Directive No. 40, Conclusion No. 06 of the Central Party Secretariat, Decision No. 1630 of the Prime Minister, and transfer resources to the Social Policy Bank for lending to poor households and policy beneficiaries. Localities closely follow the conclusions of the Provincial Party Standing Committee on balancing and supplementing capital sources to banks.

The Board of Directors of the Provincial Social Policy Bank advises on the implementation of Resolution No. 111/2024/QH15 of the National Assembly on a number of specific mechanisms and policies to implement national target programs. Advises the Provincial People's Committee to amend the regulations on management and use of local budget funds entrusted through the Social Policy Bank. Urgently advises on reporting to the Provincial Party Committee on the organization of a summary of 10 years of implementing Directive No. 40-CT/TW dated November 22, 2014 of the Central Party Secretariat on strengthening the Party's leadership over social policy credit in the area.

Continue to improve the quality of operations of savings and loan groups, urge and collect debts on time. Search and promote to replicate highly effective projects, models and programs using policy capital.

Also at the meeting, Vice Chairman of the Provincial People's Committee Tran Van Quan requested the State Bank of Vietnam's provincial branch to direct the entire banking system in the province to continue to coordinate with relevant units, urgently review and count the damage of cage fish farming households, thereby studying and considering appropriate support mechanisms and policies.