Bank for Social Policies disburses 382 million USD of preferential loans for economic recovery
(VOVWORLD) -As of June 30, the Vietnam Bank for Social Policies (VBSP) had disbursed 382 million USD of preferential loans to more than 213,000 borrowers as part of the Government's Socio-Economic Development and Recovery Program, said the Banks’ General Director Duong Quyet Thang at the review meeting of the first half of this year on Saturday.
 One of 17 transaction points of the Vietnam Bank for Social Policies of Da Bac district in Giap Dat communes. Photo: Trong Dat/VNA
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Social policy credit has supported production and business investment capital, created jobs for nearly 495,900 people, helped more than 3,100 workers to work abroad, and provided study loans to more than 12,800 students in difficult circumstances.
The Vietnam Bank for Social Policies is a government-owned bank. It enables financial inclusion of the poor and policy beneficiaries through grassroots networks, appropriate infrastructure, socialised procedures and skilled staff.