During the past five years, the Vietnam Bank for Social Policies’ Binh Duong branch well implemented the “Good at banking affairs, responsible to housework” emulation movement among staff.
Clients making transaction at Dau Tieng district’s transaction office under VBSP’s Binh Duong branch
From an exemplary role-model
Since its inception of 2003, Dau Tieng district’s transaction office under VBSP’s Binh Duong branch has associated its completion of the set targets with responding to emulation movements by higher authorities.
Leaders of the transaction office have taken initiative in mapping out plans to concretize emulation contents in association with political tasks via periodic meetings. Upon this, emulation movements have actually become a driving force for the transaction office to promote its evolution.
Le Ngoc Linh, Director of the transaction office said that his unit together with district-based social-political organizations has become a quick, safe and effective channel giving loans for locals. During the past five years, the transaction office opportunely provided more than VND238bln in preferential loan with 2,680 poor and near-poor households together with other social policy beneficiaries. The figure brought the total outstanding loan of the unit’s loan-giving programs as of March 31, 2015 to more than VND187bln, up more than VND172bln compared to the level in the initial period of the unit.
The transaction office is among more than 100 exemplary role-morals in and outside of the banking sector in the 2010-2015 emulation movement honored by VBSP and Director of VBSP’s Binh Duong branch.
Contributing to sustainable development
VBSP’s Binh Duong branch launched 25 emulation stages among staff during the past five years. As a result, there were 49 laborers recognized as grassroots emulation soldiers, 4 as sectoral emulation soldiers with 53 technical initiatives, contributing to raising the quality of the branch’s activities.
Vo Van Duc, Director of VBSP’s Binh Duong branch said that organizing emulation movements by combining with many other tasks has created an animated working impetus among staff. This has helped the branch well realize credit programs from higher authorities.
As of March 2015, VBSP’s Binh Duong provided more than 224,000 poor households and other social policy beneficiaries with more than VND2.421bln with the lending level from VND6mln/household in 2003 to VND16mln/household at present. The total outstanding loan of the branch has so far amounted to more than VND1bln. With many efforts, the branch’s ratio of bad debt as of late December 2014 only accounted for 0.35%, 0.6% lower than the whole system’s average level.
With achievements done over the past time, VBSP’s Binh Duong branch was awarded the certificate of merit of the Prime Minister in 2008 and the emulation banner in 2010. Thirty-two outstanding individuals were also awarded the certificates of merit of ministries, sectors and provincial People’s Committee Chairman. All contributed to help the branch effectively carry out its tasks of capital mobilization and lending for the local socio-economic development.
Reported by T.Hong-Translated by K.T
