In the morning of July 15, the Central Economic Committee took the lead in coordinating with the Party Committee of the State Bank of Vietnam, Vietnam Bank for Social Policies (VBSP) and other ministries and branches to organize an online conference. National Committee summarizes 5-year implementation of Directive No. 40-CT/TW dated November 22, 2014 of the Secretariat on strengthening the Party's leadership and direction on social policy credit. At the Binh Duong Bridge Point, Mr. Tran Thanh Liem, Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee, and leaders of departments and branches attended the conference.
Directive No. 40-CT/TW of November 22, 2014 of the Secretariat on strengthening the Party's leadership in social policy credit demonstrates the Party's special interest in policy credit. society. Social policy credit carried out through VBSP has promoted the strength of the entire political system; leadership, direction, inspection and supervision have been strengthened; Along with that, the scale of credit growth expanded; number of beneficiaries of preferential credit policy is increasing.
Up to now, more than 10 million households have borrowed from VBSP, of which more than 2.1 million households have escaped poverty sustainably, more than 3.3 million households through VBSP credit have been using clean and hygienic water. In addition, 125,000 households were allowed to borrow money from VBSP to build houses, 315,000 pupils and students borrowed VBSP loans to continue learning, contributing to creating quality human resources; more than 1 million people are allowed to borrow money from VBSP to develop production, 21,000 people are allowed to borrow capital to work abroad.
In Binh Duong, in the first 6 months of 2020, the provincial VBSP has implemented 11 credit programs for lending to poor households and other policy beneficiaries, with a total outstanding loan of VND 3,130 billion, of which concentrated weak lending programs for poor households, near-poor households, newly escaped from poverty pupils etc. Students from policy credit activities have provided preferential capital to the poor and other policy beneficiaries, contributing positively on sustainable poverty reduction, job creation and social security in the area.
The provincial leaders asked the provincial VBSP to revise the borrowers, create favorable conditions for poor households to borrow capital and create jobs but must use the loan capital effectively in the coming time.
Reported by Quang Tam – Translated by Vi Bao
