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Quang Nam offers aid to the poor

by VTV411 January 2016 Last updated at 10:46 AM

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VTV.vn - The Vietnam Bank for Social Policies branch in the central province of Quang Nam plans to increase credit by 9 - 10%, reduce overdue debt ratio to below 0.04% and offer aid to the poor.

Capital support from the bank has been the lifeline for the poor in the province. In addition to funding of around 300 billion dong or 13 million USD for 2015, the bank has collected scheduled debts, accounting for 73% of the bank’s loans.

The bank’s achievements have been significant given the difficulties other banks in Vietnam have faced. The back has also helped change people’s misconception of social policy credit as government subsidies. The bank’s branch in Quang Nam intends to raise its loans by 9 to 10% to clients.