Society

Over 1.1 mln access social policy loans

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 Policy (VBSP) provided preferential loanstotalling 23.8 trillion VND (1.1 billion USD) for 1.1 million clients inthe first six months of this year.

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

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

The bank’soutstanding loans were valued at 136 trillion VND (6.3 billion USD), up6.23 trillion VND (291 million USD) from the end of 2014 and accountingfor 78 percent of the plan approved by the Prime Minister. The rate ofoverdue debt was 0.84 percent.

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