Strive to complete social policy credit targets

The focus is on the Board of Directors' Representative Boards at all levels proactively advising the Party Committee to effectively implement Directive No. 39-CT/TW dated October 30, 2024 of the Secretariat on improving the operation of social credit in the new period. Advise on balancing the entrusted capital sources from the local budget and synchronously implementing measures to mobilize capital from organizations, individuals and savings deposits of savings and loan groups; simplify procedures, promptly disburse to meet the capital needs for production and business of poor households, near-poor households and other policy beneficiaries in the province.

Staff of the Transaction Office of the Social Policy Bank of Ninh Phuoc district visited the livestock model of the borrower.

As of May 31, 2025, the total credit capital reached VND 4,070 billion, an increase of VND 242 billion compared to the beginning of the year; in particular, the capital entrusted from the local budget reached VND 201 billion, an increase of VND 50.5 billion compared to 2024, completing 101% of the assigned plan. The Provincial Bank for Social Policies Branch promptly reported to the Provincial People's Committee, advised the Head of the Board of Directors to assign targets to districts and cities and directed affiliated units to actively coordinate with local authorities, associations and organizations to receive the trust to review loan recipients to ensure compliance with regulations. Loan turnover from the beginning of the year reached VND 746 billion/15,074 poor households and other policy beneficiaries to borrow capital for production and business investment; support job creation, maintenance and expansion; construction, repair of toilets, installation of clean water facilities and loan programs for students in difficult circumstances to cover study expenses, loans to create jobs for people who have completed their prison sentences according to Decision No. 22/2023/QD-TTg of the Prime Minister ...; raising the total outstanding debt of credit programs to VND 4,052 billion, with more than 83,000 customers still in debt.

Along with lending activities, science and technology transfer activities are paid attention to and focused on. Most of the borrowers have changed their awareness, used capital for the right purposes, many households invested in developing production and business reasonably, increasing income and improving family life. In addition, the entrustment activities of socio -political organizations, commune transaction points and the activities of savings and loan groups have been improved; the internal inspection and control process; the urging, collection, handling, debt management, and prevention of bad debts have been strengthened; thanks to that, credit quality is always stable and constantly improved. With the above results, social policy credit continues to actively contribute to the implementation of national target programs, job creation, ensuring social security and building new rural areas in the province.

Comrade Le Minh Loc, Director of the Ninh Thuan Provincial Bank for Social Policies Branch, said: Through the assessment, in addition to the achieved results, there are still some limitations, the local capital entrusted to the Bank for Social Policies for lending compared to the whole country is still low, only reaching more than 4.9% of the total capital. To complete the set target in 2025, the branch focuses on effectively implementing the target of mobilizing social credit resources and submitting to the authorities at all levels to pay attention to arranging capital entrusted from the local budget. Promote propaganda of rights and responsibilities when borrowing capital, thereby raising awareness, promoting the effectiveness of loans; improve management, monitoring debt collection and handling risky debts...

Hong Lam

Source: https://baoninhthuan.com.vn/news/153528p1c25/phan-dau-hoan-thanh-chi-tieu-tin-dung-chinh-sach-xa-hoi.htm