Attending the Congress were comrade Nguyen Thi Hong, member of the Party Central Committee, Governor of the State Bank of Vietnam - Chairwoman of the Board of Directors of the Vietnam Bank for Social Policies; leaders of the Government Party Committee; Central ministries and branches.
Speaking at the opening of the Congress, Comrade Duong Quyet Thang, Member of the Government Party Committee, 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 its 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/TW, Conclusion No. 06-KL/TW and Directive No. 39-CT/TW of the Secretariat on strengthening leadership over social policy credit. The Party Committee has led and directed the synchronous and effective implementation of the Party building task and the implementation of political tasks and has excellently completed the task, 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, recognized and highly appreciated by the Party, State, National Assembly and People.
With the comprehensive results achieved, the Party Committee of the Central Bank for Social Policies, along with many Party organizations and outstanding cadres and Party members, have been honored to receive awards from all levels and sectors, contributing to affirming the Party's comprehensive leadership role in the field of social policy credit.
The Presidium runs the Congress.
The Secretary of the Party Committee of the Central Bank for Social Policies emphasized: The 6th Congress of the Central Bank for Social Policies Party Committee, term 2025 - 2030 - the Congress of "Solidarity - Discipline - Innovation - Development" is a political event of great significance, 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 political report presented to the Congress clearly stated that the Party Committee of the Central Bank for Social Policies has promoted its core leadership role, focused on comprehensively and synchronously implementing the tasks of Party building in terms of politics, ideology, ethics, organization and cadres; constantly improving the leadership capacity, fighting strength of the Party organization, the quality of cadres and Party members, ensuring the comprehensive leadership of the Party in the entire system. The main targets set out in the Resolution of the 5th Party Congress were all exceeded, many targets achieved outstanding results. The rate of Party members and grassroots Party organizations completing their tasks well and excellently was high, the quality of Party committee and Party cell activities was increasingly improved. Attention was paid to the work of developing Party members, during the term, 75 new Party members were admitted, ensuring standards and procedures.
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.
During the past term, the Party Committee of the Central Bank for Social Policies has focused on leading and directing units to proactively advise and coordinate the effective implementation of the Party's major policies on social policy credit, focusing on Directive No. 40-CT/TW dated November 22, 2014 and Conclusion No. 06-KL/TW dated June 10, 2021 of the Central Party Secretariat. The implementation of these documents has created a clear change in the awareness and actions of local Party committees and authorities at all levels, promoting the role and responsibility in mobilizing and allocating resources to implement preferential credit policies, ensuring the right direction of "Central and local governments working together".
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 VBSP 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/TW 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 socio-economic development in the locality.
Based on the summary of practices and a deep understanding of the principle that the implementation of social policy credit must be under the unified leadership of the Party, the management of the State and the synchronous participation of the entire political system, the VBSP has actively coordinated with the Central Strategy and Policy Committee, the Central Party Office and relevant ministries and branches to advise the Central Party Secretariat to issue Directive No. 39-CT/TW dated October 30, 2024 on improving the effectiveness of social policy credit in the new period. This is an important development step, clearly demonstrating the role and position of social policy credit in the social security and sustainable poverty reduction policy system of the Party and the State.
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.
Resource mobilization is focused on; policy credit programs are organized and implemented synchronously, promptly, and to the right subjects, ensuring credit efficiency and safety. 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.
During the term, more than 12 million poor households and policy beneficiaries have borrowed capital from the VBSP with a total loan turnover of VND555,044 billion. Policy capital has contributed to attracting and creating jobs for more than 3.8 million workers, of which over 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 over 8.1 million clean water and sanitation facilities in rural areas; over 49,000 social housing units and over 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.
During the term, the Party Committee of the Central Bank for Social Policies has focused on leading and directing the entire system to promote the application of information technology, comprehensive digital transformation, and gradually modernize business operations, contributing to improving the quality and efficiency of social policy credit work. Technical infrastructure and application software have been invested in and upgraded synchronously; business processes have been digitized in a streamlined, efficient and transparent manner. The Bank has also proactively researched, developed and expanded the digital ecosystem, deployed many modern financial products and services, typically Mobile Banking services, contributing to improving access to financial services for people, especially in rural, mountainous, remote and isolated areas.
Deputy Secretary of the Government Party Committee Nguyen Duc Phong gave a directive speech.
In his speech at the Congress, Comrade Nguyen Duc Phong - Deputy Secretary of the Government Party Committee affirmed that the model of the VBSP 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 VBSP during the past term. The Party Committee of the VBSP has performed well in 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.
The Deputy Secretary of the Government Party Committee requested that the Party Committee of the Central Bank for Social Policies in the 2025-2030 term 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 continues to promote its active and proactive advisory role with the Government and relevant agencies in effectively implementing Directive No. 39-CT/TW of the Central Party Secretariat on improving the effectiveness of social policy credit in the new period.
The Congress discussed enthusiastically, frankly, democratically and unanimously approved the Report on the assessment of the implementation results of the Resolution of the 5th Congress of the Party Committee of the Central Bank for Social Policies, term 2020 - 2025.
The Congress wisely selected and elected the Central Executive Committee of the Party Committee of the Vietnam Bank for Social Policies 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 Vietnam Bank for Social Policies in the new period.
Leaders of ministries and branches congratulate the 6th Central Executive Committee of the Party Committee of the Vietnam Bank for Social Policies, term 2025 - 2030.
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. Concentrating sufficient resources, diversifying 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 a number of specific goals such as focusing on mobilizing capital to implement credit programs, ensuring 100% of the poor and other policy beneficiaries in need, All eligible people are entitled to borrow capital and access products and services provided by the Social Policy Bank. The average annual growth in outstanding loans of credit programs is about 10% and the overdue debt ratio is below 2% of total outstanding loans.
The Congress agreed to identify key tasks to realize the goals of the Congress Resolution during the term. At the same time, the Party Executive Committee of the 6th term was assigned to receive comments, edit and complete the Action Program to implement the Congress Resolution for official promulgation and lead the implementation, striving to successfully complete the Resolution of the 6th Congress of the Party Committee of the Central Bank for Social Policies, term 2025 - 2030.
Source: https://cand.com.vn/Xa-hoi/dai-hoi-dai-bieu-dang-bo-nhcsxh-tw-lan-thu-vi-thanh-cong-tot-dep-i771778/
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