Online meeting to review 3 years of implementing credit policy for students

Yesterday morning (March 10), under the chairmanship of Deputy Prime Minister Nguyen Thien Nhan, the Government held an online conference with 63 television bridges nationwide to review 3 years of implementing Decision 157/2007 of the Prime Minister on credit for students. At the Nghe An bridge, comrade Nguyen Xuan Duong - Member of the Provincial Party Committee - Vice Chairman of the Provincial People's Committee chaired the conference.

Deputy Prime Minister Nguyen Thien Nhan requested more extensive propaganda about the policy.
This credit. Photo: nguyentandung.org.vn

Nghe An ranks second in the country in terms of the number and turnover of student loans. By December 31, 2010, the total loan turnover reached over 1,782 billion VND. The number of students borrowing capital is nearly 127,000, the average outstanding debt per student is currently 15.2 million VND, the outstanding debt turnover reached 74 billion VND. By December 31, 2010, the total overdue debt was 3,559 million VND, accounting for 0.2%.

In 2011, the Social Policy Bank will disburse VND836 billion in loans to students, an increase of 48.8% compared to 2010, promote debt collection, and direct the collection of interest from borrowers in accordance with the Prime Minister's direction for households that voluntarily pay interest and households that are due to pay interest. Continue to do a good job of inspection and supervision, and resolutely handle cases of lending to the wrong subjects and using capital for the wrong purposes.

Quynh Lan