Initiatives for the people

Staff of the Chi Lang Social Policy Bank Transaction Office regularly exchange work to effectively deploy capital resources.

With the role of bringing preferential credit capital to poor households and other policy beneficiaries, in recent times, the Provincial Branch of the Vietnam Bank for Social Policies has always paid attention to innovating its operational forms and improving the quality of policy credit. In particular, encouraging officers and civil servants to research solutions, initiatives, and topics related to policy credit activities has made an important contribution to improving the quality of capital sources.

Mr. Phan Anh Thang, Deputy Director of the Provincial Branch of the Vietnam Bank for Social Policies, said: To implement the initiatives, every year, the Provincial Branch of the Vietnam Bank for Social Policies has a document directing officers and civil servants to actively participate in researching new topics and initiatives. In particular, we focus on promoting and encouraging officers and civil servants to research initiatives associated with the implementation of professional tasks; applying science and technology to solve problems related to social policy credit activities, contributing to improving the quality and efficiency of work.

Accordingly, from 2022 to now, the entire branch has 50 initiatives recognized by the grassroots level. The initiatives focus on solutions such as: increasing outstanding loans; improving efficiency in consulting on receiving entrusted capital from local budgets; improving the quality of operations of savings and loan groups (TK&VV)...

A typical example is the solution "Improving the efficiency of capital mobilization through organizations and individuals of the Cao Loc Social Policy Bank Transaction Office". Mr. Tran Quy Duong, Deputy Director of the Cao Loc Social Policy Bank Transaction Office (author of the initiative) said: In 2024, I and a number of officers of the transaction office built a system of solutions to effectively implement capital mobilization through organizations and individuals. Accordingly, the solutions include: diversifying propaganda work on deposit mobilization at the Social Policy Bank such as distributing leaflets, hanging slogans at commune transaction points, capturing households with financial conditions for propaganda... Applying the initiative into practice, the mobilization of deposits through organizations and individuals of the transaction office has achieved many positive results, currently, the mobilized savings balance has reached over 56.5 billion VND, an increase of more than 2 billion VND compared to 2024, with over 5,000 customers participating in savings deposits.

Another initiative implemented in 2024 by the provincial Social Policy Bank system to contribute to improving the quality of capital sources is the solution "Applying information technology in scoring and evaluating the quality of authorized activities of savings and credit groups at commune transaction points". Mr. Vi Cong Thang, Deputy Head of the Information Technology Department, Provincial Social Policy Bank Branch (author of the initiative) said: Realizing that manually evaluating the activities of savings and credit groups is very prone to errors, in 2024, I and a number of staff built software to fully automate the scoring process of savings and credit groups right after each transaction. The system allows bank staff to closely monitor each lending group through a summary table of data after the transaction, promptly detecting abnormalities such as high overdue debt ratio, thereby having appropriate support or restructuring measures. After applying the initiative, there have been clear improvements such as: data is synthesized accurately and transparently; Assessment time was reduced by 80% compared to traditional methods, allowing staff to focus on community consultation; many lending groups previously classified as high risk had their assessment scores increased to 65% after 2 months of implementation.

In fact, the solutions after being applied in practice have helped the Provincial Branch of the Vietnam Bank for Social Policies operate more and more effectively. Thanks to that, it has contributed to helping the branch achieve higher and higher results in achieving the targets of credit growth; reducing bad debt, overdue debt; communication; management of savings and loan groups...; through which, poor households and policy beneficiaries have access to preferential loans to invest in economic development. To date, the total outstanding loan balance of the branch's loan programs has reached over 5,400 billion VND, with more than 90,000 households borrowing capital; overdue debt accounts for 0.06% of total outstanding debt.

Good and suitable initiatives have motivated the staff and employees in the provincial Social Policy Bank system to constantly innovate and make efforts. From those results, every year, in the entire provincial Social Policy Bank Branch system, 100% of staff, employees and workers achieve the title of Advanced Workers. The preferential credit capital has been effectively deployed, contributing positively to the implementation of the national target of poverty reduction and new rural construction in the province.

Source: https://baolangson.vn/gop-tri-tue-nang-chat-luong-tin-dung-5051388.html