(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./.

 

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