The Vietnam Bank for Social Policy (VBSP) provided preferential loans totalling 23.8 trillion VND (1.1 billion USD) for 1.1 million clients in the first six months of this year.

According to the VBSP, the loans enabled 660,000 students to pursue their studies, created 162,000 jobs including 3,400 abroad, and helped build 8,000 flood-proof houses in the Mekong Delta region.

By June 30, 2015, the bank’s total capital reached 141 trillion VND (6.52 billion USD), up 3.6 percent compared to 2014. Of which, entrusted capital from local budgets amounted to 4.4 trillion VND (203 million USD).

The bank’s outstanding loans were valued at 136 trillion VND (6.3 billion USD), up 6.23 trillion VND (291 million USD) from the end of 2014 and accounting for 78 percent of the plan approved by the Prime Minister. The rate of overdue debt was 0.84 percent.

Through the end of the year, VBSP targets a 10 percent credit growth.-VNA