Deposits through savings and loans reach 170%

Mr. Vo Van Duc, Director of the provincial Social Policy Bank (VBSP), said that in the first 6 months of 2020, the activities of the savings and loan groups (VSD & ETC) VBSP achieved good results. Up to now, the province has 1,599 saving groups, an increase of 7 groups compared to the beginning of the year. In which, there are 1,413 good groups, increasing by 43 groups compared to the beginning of the year, accounting for 88.4%.

The network of savings and credit centers in the province is not only a channel to bring capital to each facility, each household to serve the poor and other policy beneficiaries directly and conveniently, but also helps households borrow capital for effectively use, raise the awareness of thrift, help VBSP strengthen management capacity, operational efficiency. Accordingly, as of the end of June, the savings mobilizing activities through the Savings & Savings Center was 307,100 million dong, up 22,149 million dong from the beginning of the year, reaching 170% of the 2020 plan.

Currently, besides promoting the propaganda of mobilizing savings deposits of organizations and individuals effectively, ensuring the completion of 100% of the assigned plan, VBSP continues to improve the mobilized sales through Saving account and savings account in order to practice saving according to the bank's regulations.

Reported by Thanh Hong – Translated by Vi Bao

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