(HBO) – A high-ranking delegation from the World Bank led by Eva Gutierrez has visited and held a working session with the provincial branch of the Vietnam Bank for Social Policies. 


The delegation learns about operation of the branch at Cham Mat ward, Hoa Binh city

At the working session, leader of the provincial bank welcomed the visit and briefed the guests about the bank’s operations since 2003, the role and importance of the bank in poverty reduction and ensuring social welfare in the locality. He introduced the model to help the poor stabilise lives and escape poverty sustainably, contributing to the province’s poverty reduction effort. 

The bank is offering 18 credit programmes, including loans for poor households and those recently escape poverty, students living in need, and water supply and environment hygiene in rural areas. 

As of the late September, non-performing loans hit over 2.9 trillion VND, or 99.7 percent of the 2018 plan with 105,756 clients in debt status. Credit quality was improved. The rate of debt reclamation reached over 90 percent while overdue debts surpassed 3.324 trillion VND, or 0.11 percent of the total. Up to 121 wards, communes and towns recorded no overdue debts, accounting for 57.6 percent of the total. Generally, loans were used effectively and to the right purpose. 

Gutierrez, head of the delegation, thanked the General Director of the branch for his reception, giving the WB an insight into the bank’s role in effectively carrying out loan programmes for the poor and policy beneficiaries in Vietnam./.

 

Related Topics


Preparing thoughtfully and thoroughly for Culture - Tourism Week of Hoa Binh province

On November the first, the Provincial People's Committee held a meeting for the reports on the progress of preparations to hold the Ceremony to receive the Certificate of the special national relic ranking for Trai Cave, the Stone Roof of Vanh village (Lac Son district) and the Opening Ceremony of the Culture - Tourism Week of Hoa Binh province in 2024. Mr. Nguyen Van Toan, the Standing Vice Chairman of the Provincial People's Committee, the Head of the Organizing Committee of Culture - Tourism Week chaired the meeting.

Leader requests Department of Natural Resources and Environment to better serve people, businesses

alternate member of the Party Central Committee and Secretary of the provincial Party Committee Nguyen Phi Long on October 30 had a working session with the Party Committee of the provincial Department of Natural Resources and Environment on the sector's implementation of political tasks in the past 10 months, and key tasks for the last months of 2024 and in the coming time.

Lac Thuy puts policies, laws on belief and religion into practice

 In recent years, the People's Committee of Lac Thuy district has directed units and mass organisations to promote the popularisation of the Party's policies and resolutions and the State's laws, as well as issued guiding documents on local religious affairs.

Hoa Binh’s fourth ethnic minority congress slated for mid-November

The Hoa Binh Steering Committee for the organisation of the fourth provincial congress of ethnic minority groups held a meeting on October 29 to discuss the progress of preparations for the congress. Dinh Cong Su, Vice Chairman of the provincial People’s Committee and head of the Steering Committee chaired the event. The congress is slated for November 14-15 at the provincial Cultural Palace, expecting 250 official delegates.

 

Mai Chau reaps outstanding results in developing new-style rural areas

Despite a low starting point, the mountainous district of Mai Chau has effectively implemented the National Target Programme on New Rural Development, resulting in significant improvements in people’s life and rural look.

One-stop-shop mechanism implemented effectively in Hoa Binh

Over the past years, Hoa Binh has systematically implemented the one-stop-shop and interconnected one-stop-shop mechanisms in processing administrative procedures, contributing to improving the efficiency of the work while promoting online public services.