Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong (Photo: )
Hanoi (VNA) – Nearly 6.4 million poor and near-poorhouseholds had access to loans from the Vietnam Bank for Social Policies (VBSP) as of December 31, 2021.
Total outstanding loans reached 247.97 trillion VND (10.83 billion USD), up 9.6 percent compared to the end of 2020.
Notably, the VBSP’s chapters nationwide focused on a credit programme tosupport employers facing difficulties due to the COVID-19 pandemic, with more than2.31 trillion VND being disbursed for 2,474 employers in order to pay for over603,000 labourers.
According to Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong, whois also Chairwoman of the Board of Directors of the VBS, since the beginning ofthis year, the VBSP has taken prompt actions to implement the task assigned by theParty and State.
It has rolled out effective measures to meet preferential capital demand of socialpolicy beneficiaries, she said.
Hong emphasised the need to do better in mobilising capital and collecting overdue debts, and ensuring the liquidity of the social policy banking system./.
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.
The Vietnam Bank for Social Policies branch in the southern province of Dong Nai has offered more than 970 billion VND (43.11 million USD) in loans to nearly 38,000 poor and near-poor households.
The policy of concentrating trusted capital from the local budget to support the poor to the Vietnam Bank for Social Policies (VBSP) has generated a motivation boosting the country’s economic development.
Directive No. 40-CT/TW of the Party Central Committee's Secretariat on strengthening the Party's leadership towards social policy credit has served as a new wind that creates breakthroughs for social policy credit.
The Vietnam Bank for Social Policies (VBSP) has allocated 31.6 billion VND (1.36 million USD) to 207 enterprises to pay wages for 8,529 labourers who lost jobs due to impact of the COVID-19 pandemic.
The State Bank of Vietnam (SBV) has issued Circular No.10/2022-TT-NHNN on refinancing the Vietnam Bank for Social Policies (VPSB) so it can roll out a number of relief measures for pandemic-hit labourers and employers affected by the pandemic.
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The activities include a Vietnamese language teaching training course for overseas Vietnamese teachers from August 13 to 28 in Hanoi, Ninh Binh, and Thai Nguyen.
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Whether they grow up to become journalists, diplomats, or professionals in other fields, these children can one day become bridges of friendship and cooperation, telling new and inspiring stories of Vietnam – China relations, said Ambassador Pham Thanh Binh.
A 21-year-old Indian tourist was successfully resuscitated and treated by doctors at Hoan My Da Nang Hospital after a near-drowning incident left him in critical condition. After three days of intensive care, the man was discharged from the hospital and has since returned to India.
In an document issued on August 5, the PM emphasised the need to stablise living conditions for people hit by floods, landslides, and flash floods in late July and early August in northern and north-central provinces, especially Dien Bien, Son La, and Nghe An which suffered some of the worst damage.
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The team’s haul, including one Champion title, 10 golds, seven silvers, and four bronzes, surpassed expectations. Vietnam, competing since 2019, has secured over 200 AIMO medals, cementing its regional standing.