Binh Duong well implement assistance of loans to people of poverty and social privileges

On July 18 in Hanoi, Mr. Duong Quyet Thang, General Director of the Vietnam Social Policy Bank, chaired a meeting and working session with the delegation from Binh Duong province, led by Mr. Nguyen Loc Ha, Member of the Provincial Party Committee, Vice Chairman of the Provincial People's Committee, Head of the Representative Branch of the Social Policy Bank in the province.

At the working session, Mr. Nguyen Loc Ha said that the credit activities have contributed significantly to the effective implementation of the guidelines and policies for the goal of sustainable poverty reduction, building new rural areas, and ensuring social security in the province. Up to now, the local capital entrusted to the social security system has reached 1,968 billion dong, accounting for 42% of the total capital. The programs for poor households, near-poor households, and newly escaped poverty households have been allocated entrusted capital by the provincial People's Committee to meet 100% of the loan needs of the beneficiaries. From 2024, the provincial People's Committee will allocate the budget through the branch of the Social Security Bank to implement social policy credit programs together with central capital. Mr. Nguyen Loc Ha also mentioned the difficulties and obstacles that the localities are facing in the process of implementing social policy credit activities.

Mr. Duong Quyet Thang highly appreciates the achievements of Binh Duong province, which has implemented the contents of Directive 40-CT/TW of the Party Central Committee very well. The concentration of financial resources, the allocation of annual entrusted budgets through the Social Policy Bank to supplement capital for lending, will increasingly meet the needs of the poor and other policy beneficiaries in the province.

Reported by Minh Duy – Translated by Vi Bao