Credit balance of social policies bank rises
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 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.
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
You should also see
PM attends ceremony to start work on Him Lam resistance centre renovation project
Prime Minister Pham Minh Chinh on April 17 attended a ceremony to start work on a project to renovate Him Lam resistance centre, a part of the Dien Bien Phu complex of fortifications in the northern mountainous province of Dien Bien.
See more
Business
Overseas remittances to HCM City record highest increase in three years
Overseas remittances to Ho Chi Minh City exceeded 2.86 billion USD in the first quarter of 2024, an annual increase of 35.4% and the highest recorded in three consecutive years.
Business
Thu Duc city seeks investment in 11 PPP projects
Authorities of Thu Duc city, Ho Chi Minh City, held a conference on April 17 to draw investment in 11 public-private partnership (PPP) projects in the fields of education, culture and sports, with a total capital of over 2 trillion VND (83.3 million USD).
Videos
Real estate market thrives, entities ready to re-enter market
The real estate market has witnessed positive developments, with a slew of projects, including billion-dollar projects, being announced and called for investment in the first quarter of 2024.
Business
Forum discusses support for women-owned firms to join supply chains
A forum on supporting women-owned businesses to join supply chains through sustainable development tools took place in Hanoi on April 17.
Business
Satisfaction of administrative services improves
Vietnamese citizens had greater satisfaction with the administrative services provided by State agencies last year, according to the Satisfaction Index of Public Administration Services (SIPAS) 2023 announced by the Ministry of Home Affairs (MoHA) on April 17.
