The Vietnam Bank for Social Policies had a total credit balance of nearly 166.43 trillion VND (7.3 billion USD) as of June 30, 2017 (Source: VNA)
 
Hanoi (VNA) – The Vietnam Bank for Social Policies (VBSP) said it had a total credit balance of nearly 166.43 trillion VND (7.3 billion USD) as of June 30, 2017, up 5.8 percent compared with the end of last year. 

The bank’s loans have supported and created jobs for more than 105,000 labourers, including close to 1,500 people who work abroad and nearly 11,800 students in difficult circumstances.  

They were also used to build more than 714,000 water supply and environmental hygiene facilities in rural areas and nearly 9,600 houses for the poor. 

Notably, overdue debts accounted for only 0.43 percent of the outstanding loans, according to the bank. 
 

[Social policy bank targets 8 percent growth]


VBSP General Director Duong Quyet Thang instructed VBSP units to continue improving credit quality in the entire system during the rest of this year, especially in poor performing branches. 

At the same time, efforts should be made in debt risk management and settlement and inspections in municipal and provincial branches, he said.-VNA