With the motto "Solidarity - Democracy - Discipline - Innovation - Development", on June 16, the Party Committee of the Central Bank for Social Policies (Central Bank for Social Policies) solemnly held the opening session of the official 6th Congress of Delegates, term 2025 - 2030, with the participation of 150 delegates representing the intelligence, unity of will and solidarity of 605 party members.
Speaking at the opening of the Congress, Mr. Duong Quyet Thang, Secretary of the Party Committee of the Central Bank for Social Policies - General Director affirmed: During the 2020-2025 term, the Party Committee of the Central Bank for Social Policies has promoted the spirit of solidarity, enhanced the leadership role, closely followed the Resolutions and Directives of the Central Party Committee, the Government and the Party Committees at higher levels, especially Directive No. 40-CT/Central, Conclusion No. 06-KL/Central and Directive No. 39-CT/Central of the Secretariat on strengthening leadership over social policy credit.
The Party Committee has led and directed the synchronous and effective implementation of Party building tasks and political tasks and has excellently completed the tasks, exceeding the targets set by the Resolution of the 5th Party Congress. The policy credit activities of the Vietnam Bank for Social Policies continue to affirm its role as one of the "pillars" and "bright spots" in poverty reduction and social security policies, which have been recognized and highly appreciated by the Party, State, National Assembly and People.
Mr. Thang emphasized: The 6th Party Congress of the Central Bank for Social Policies, term 2025 - 2030 is an important political event, demonstrating the high political determination of the entire Party Committee in improving the leadership capacity and fighting strength of the Party organization; consolidating and enhancing solidarity, unity, promoting collective intelligence and the pioneering and exemplary role of cadres and Party members; creating a strong driving force to successfully implement the goals and tasks for the period 2025 - 2030.
The leadership in implementing political tasks continued to achieve many positive results. Policy credit resources were mobilized effectively, fully meeting the borrowing needs of poor households and other eligible policy beneficiaries, with an average annual capital growth rate of 12.3%. Outstanding loan growth was stable, averaging 11.6%/year; overdue debt was tightly controlled at a low level, averaging 0.2%, contributing positively to poverty reduction, ensuring social security, and sustainable socio -economic development.
Political and ideological education, training and fostering of cadres and party members are focused on, contributing to building a contingent of cadres with solid political qualities and high professional capacity, meeting the requirements of tasks in the new situation. Inspection and supervision work is strengthened, contributing to maintaining discipline and order within the Party, raising the sense of responsibility of cadres and party members, preventing violations, and consolidating confidence in the leadership role of the Party organization.
One of the outstanding results is the effective reception and use of entrusted capital from local budgets. As of May 31, 2025, the total entrusted capital through the Social Policy Bank reached VND 61,427 billion, an increase of VND 45,993 billion (equivalent to 298%) compared to the beginning of the term, with an average annual growth rate of 28.3%. Of which, the entrusted capital at the provincial level reached VND 50,906 billion, and at the district level reached VND 10,521 billion. The proportion of locally entrusted capital has increased from 3% before Directive No. 40-CT/Central to 15% of the total social policy credit capital, contributing significantly to expanding the scope and beneficiaries, improving the efficiency of capital use and promoting local socio-economic development.
During the past term, the Party Committee of the Central Bank for Social Policies has focused on leading and directing the entire system to synchronously and resolutely deploy solutions to successfully implement the Development Strategy of the Bank for Social Policies to 2030. It has proactively coordinated with Central Committees, ministries and branches to advise the National Assembly, the Government and the Prime Minister to promptly amend, supplement and perfect the system of mechanisms, policies and laws related to social policy credit, ensuring synchronization, unity and conformity with the country's development practices and gradually improving the system's operational capacity and the sustainability of policy capital sources.
By May 31, 2025, the total policy credit capital reached VND 410,857 billion, an increase of VND 198,964 billion (equivalent to 94%) compared to the beginning of the term; the average annual growth rate reached 12.8%, higher than the average of the previous term.
Policy capital continues to be prioritized for investment in 100% of communes, wards and towns nationwide, especially in ethnic minority areas, mountainous areas, remote areas, border areas, islands and particularly difficult areas. Many credit policies have been adjusted and supplemented in accordance with development requirements and practical situations, contributing to expanding beneficiaries, increasing loan levels, extending loan terms, meeting the goal of multidimensional, inclusive and sustainable poverty reduction, promoting new rural construction and ensuring social security.
As of May 31, 2025, the total outstanding debt of policy credit programs reached VND 389,388 billion, an increase of VND 182,583 billion compared to the beginning of the term, with an average annual growth rate of 12.2%, an increase compared to the average year in the previous term, with more than 6.8 million customers with outstanding debt.
Leaders of ministries and branches congratulate the 6th Executive Committee of the Central Bank for Social Policies Party Committee, term 2025 - 2030. (Photo: Vietnam+)
During the term, more than 12 million poor households and policy beneficiaries have borrowed capital from the Social Policy Bank with a total loan turnover of VND 555,044 billion. Policy capital has contributed to attracting and creating jobs for more than 3.8 million workers, of which more than 37,000 workers went to work abroad for a limited period; nearly 12,000 workers who had completed their prison sentences borrowed capital to create jobs for themselves; helped nearly 351,000 students in difficult circumstances borrow capital to study; built more than 8.1 million clean water and sanitation facilities in rural areas; built more than 49,000 social housing units and more than 24,000 housing units for poor households and policy beneficiaries.
Credit scale is constantly growing, credit quality continues to be maintained. As of May 31, 2025, overdue debt and frozen debt are VND 2,091 billion, accounting for 0.54% of total outstanding debt, of which overdue debt is VND 858 billion, accounting for 0.22% of total outstanding debt, national credit quality is classified as good; gradually narrowing the gap in credit quality in some regions, localities and units.
Speaking at the Congress, Mr. Nguyen Duc Phong - Deputy Secretary of the Government Party Committee affirmed that the model of the Social Policy Bank is a unique model of the Party and Government of Vietnam, demonstrating the superiority of "of the people, by the people and for the people", highly appreciated by the people and international friends. He praised and acknowledged the results achieved by the Party Committee of the Central Social Policy Bank in the past term. The Party Committee of the Central Social Policy Bank has well performed its leadership role in comprehensively and effectively implementing all aspects of work, achieving important results in Party building and implementing political tasks, actively contributing to ensuring social security and developing the country in the direction of socialism.
Deputy Secretary of the Government Party Committee Nguyen Duc Phong gave a speech at the Conference. (Photo: Vietnam+)
Mr. Nguyen Duc Phong suggested that the Party Committee of the Central Bank for Social Policies for the 2025-2030 term should clearly identify key tasks to meet the requirements and tasks in the new development period of the country and the banking sector. The Party Committee should continue to promote its active and proactive advisory role with the Government and relevant agencies in effectively implementing Directive No. 39-CT/Central of the Central Party Secretariat on improving the effectiveness of social policy credit in the new period.
The Congress elected the Executive Committee of the Central Bank for Social Policies Party Committee for the 2025-2030 term, consisting of 30 comrades, ensuring reasonable standards and structure, who are exemplary in political qualities, ethics, leadership capacity, courage, and intelligence, meeting the requirements of the cause of building and developing the Bank for Social Policies in the new period.
The Congress voted to pass the Resolution of the 6th Congress, unifying the will and determination to implement the goal of "Improving the leadership capacity, fighting strength of the Party organization and the quality of the Party members, building a strong and comprehensive Party Committee of the Central Bank for Social Policies, operating effectively and efficiently. Developing the Bank for Social Policies into an organization capable of autonomy and long-term stable development; maintaining the role of a public financial institution implementing the Government's social policies, focusing on areas that financial institutions operating on market principles cannot meet or can only partially meet.
Concentrate sufficient resources, diversify capital mobilization channels to implement social policy credit programs in accordance with national target programs and the contents of the country's socio-economic development strategy," with some specific goals such as focusing on mobilizing capital to implement credit programs, ensuring that 100% of the poor and other policy subjects in need and eligible are able to borrow capital and access products and services provided by the Social Policy Bank. The average annual growth in outstanding credit programs is about 10% and the overdue debt ratio is below 2% of total outstanding debt./.
(Vietnam+)
Source: https://www.vietnamplus.vn/dai-hoi-dai-bieu-dang-bo-ngan-hang-chinh-sach-xa-hoi-trung-uong-lan-thu-vi-post1044707.vnp
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