Director of the VBSP’s branch in Hanoi Pham Van Quyet chaired the conference. (Source: hanoimoi.vn)

Deputy Director of the VBSP’s branch in Hanoi Dang Duc Hanh informed that as of September 30, the total operating capital at the branch reached 16,279 billion VND, an increase of 2,083 billion VND compared to the beginning of the year. Of which, the capital entrusted by the city’s budget reached 8,441 billion VND, an increase of 1,574 billion VND compared to the beginning of the year, while that entrusted by district and town budgets reached 1,042 billion VND, an increase of 167 billion VND compared to the beginning of the year.

Loan turnover in the past nine months reached 5,768 billion VND, debt collection turnover posted 3,700 billion VND, equal to 64%. In the nine months, the branch disbursed loans to more than 96,000 poor households, near-poor households and other policy beneficiaries in Hanoi.

Of which, 20 poor households, near-poor households and households newly escaped from poverty received loans. It supported capital to create jobs for over 70,000 workers and help more than 25,000 households to build and renovate more than 50,000 clean water and rural environmental sanitation works. More than 600 poor and near-poor households were granted loans to build and repair houses according to Resolution 14/NQ-HDND of the City People's Council and 49 customers were granted loans to build new houses or repair houses according to Decree 100/2015/ND-CP.

The total outstanding balance of policy credit programs as of September 30 reached 16,228 billion VND with more than 272,000 customers borrowing capital, an increase of VND 2,068 billion compared to the beginning of the year, equivalent to a growth rate of 14.6%.

In the last months of 2024, Director of the branch Pham Van Quyet said that it will coordinate with relevant departments and branches to arrange about 400 billion VND capital to overcome the impact and damage caused by storm No. 3 in the fourth quarter of 2024 and the first quarter of 2025.

The branch will advise People’s Committees of cities, districts and towns to arrange public investment capital in 2025.