Do not let the policy credit program take advantage of

According to the meeting agenda, on the morning of June 24, the National Assembly listened to the Report and the Verification Report on the handling of debt collection sources of policy credit programs funded by the state budget that have expired at the Vietnam Bank for Social Policies.

Minister of Finance Nguyen Van Thang spoke to explain and clarify a number of issues raised by National Assembly deputies. Photo: Doan Tan/VNA

Authorized by the Prime Minister to present the Report, Minister of Finance Nguyen Van Thang said that the implementation of policy credit programs funded by the state budget for the Social Policy Bank to lend 3 groups of programs from 2008 to 2017 with an amount of VND 6,068.961 billion. After the end of the programs, the Social Policy Bank has recovered VND 3,144.499 billion and is continuing to recover VND 2,924.462 billion.

Regarding the plan to handle the debt recovery capital of policy credit programs provided by the state budget that have expired, the Minister of Finance stated: In principle, for state budget loans that have expired (no longer have spending tasks), they must be recovered to return to the state budget; in case the Social Policy Bank needs to continue using this allocated state budget capital to implement loans for other policy credit programs (changing the spending tasks of the state budget), it is under the authority of the National Assembly to consider and decide, according to the provisions of Point b, Clause 5 of the State Budget Law.

Based on the policies of the Party and the State, the provisions of the State Budget Law and the implementation status as reported in sections 1 and 2 above, the Government submits to the Standing Committee of the National Assembly and the National Assembly: Allow the Vietnam Bank for Social Policies to use the recovered capital and continue to recover in the coming time of the policy credit programs funded by the state budget that have expired to lend to policy credit programs at the Vietnam Bank for Social Policies.

In addition, the Prime Minister is assigned to consider and decide on the specific allocation level for the above-mentioned recovered capital for each policy credit program based on the report of the Vietnam Bank for Social Policies based on actual needs, in which priority is given to allocating capital to implement the socio-economic development loan program for ethnic minority areas according to the provisions of Decree No. 28/2022/ND-CP.

According to the Inspection Report presented by the Chairman of the National Assembly's Economic and Financial Committee Phan Van Mai, regarding the necessity of handling debt collection sources of policy credit programs funded by the state budget that have expired at the Vietnam Bank for Social Policies, the Economic and Financial Committee found that the Government's proposal in Submission No. 511/TTr-CP dated June 12, 2025 aims to institutionalize and implement Directive No. 39-CT/TW dated October 30, 2024 of the Secretariat on improving the effectiveness of social policy credit in the new period and Directive No. 34-CT/TW dated May 24, 2024 of the Secretariat on strengthening the Party's leadership over housing development in the new situation.

In the past, the state budget has been allocated to the Social Policy Bank to implement policy credit programs decided by the National Assembly. The policy credit programs have been effective, demonstrating the humanity of the Party and the State in providing capital support to policy beneficiaries, ethnic minority areas, and particularly disadvantaged areas, contributing to the implementation of social security policies. However, after nearly 5 years of implementation, the tasks and borrowing needs of policy beneficiaries have not yet been met, so it is necessary to allocate the state budget to the Social Policy Bank to implement policy credit programs.

Regarding the plan to handle the debt recovery capital of policy credit programs funded by the state budget that have expired, the majority of opinions in the Economic and Financial Committee believe that the proposal to allow the Vietnam Bank for Social Policies to use the debt recovery capital of policy credit programs funded by the state budget that have expired is basically consistent with the practical situation and proposes to report to the National Assembly for consideration and decision to allow the use of the entire amount of VND 6,068.961 billion to lend credit programs at the Vietnam Bank for Social Policies according to the Government's proposal in Submission No. 511/TTr-CP.

The auditing agency requested the Government to review and take responsibility for the accuracy of data, the lending and debt collection situation of the Vietnam Bank for Social Policies and the amount of state budget allocated to expired policy credit programs at the Vietnam Bank for Social Policies as reported in Submission No. 511/TTr-CP. At the same time, direct the Vietnam Bank for Social Policies to manage, use and lend in accordance with regulations and effectively, ensuring the implementation of the objectives of the lending programs, avoiding policy exploitation, loss, waste and negativity.

Also at the meeting, the National Assembly discussed this content in the hall.

Hien Hanh (Vietnam News Agency)

Source: https://baotintuc.vn/chinh-tri/khong-de-xay-ra-truc-loi-chuong-trinh-tin-dung-chinh-sach-20250624114746242.htm