As of March, more than 6.4 million poor and near-poor households had won access to loans from the Vietnam Bank for Social Policies. (Photo: VNA)Hanoi (VNA) – As of March, more than 6.4million poor and near-poor households had won access to loans from the Vietnam Bankfor Social Policies (VBSP).
The bank said its total credit balance stood at 230.55trillion VND (10.01 billion USD) at the end of last month, up 4.35 trillion VNDas compared with the end of 2020.
Up to 169.52 trillion VND or 73.5 percent of the creditbalance was used to serve production, business and job generation, and theremainder for improving the livelihood.
The bank’s accumulative credit loans reached 239.2trillion VND, up 5.77 percent from last year.
Governor of the State Bank of Vietnam Nguyen Thi Hong,who is also Chairwoman of the Board of Directors of the VBSP, said since the beginningof this year, the VBSP has taken prompt actions in disbursement to meet capitaldemand of poor and near-poor households, and other social policy beneficiaries.
She ordered stepping up the reception of trustedcapital from local bank for social policies, as well as the mobilisation ofdeposits from organisations and individuals, while better retrieving due debtsduring the second quarter. /.
VNA
