A foundation for sustainable livelihoods.

In recent years, Quang Ninh province has prioritized allocating local budget funds through the Social Policy Bank, considering it an effective tool for achieving sustainable poverty reduction and ensuring social security. These entrusted funds directly reach thousands of households and cooperatives, acting as a "lever" to expand production, increase income, and contribute to realizing the vision of development for the happiness of the people, ensuring that no one is left behind.

The aquaculture model of Mr. Le Hong Long's family (Duong Hoa commune) has developed thanks to loans from the Social Policy Bank.

On September 13, 2024, the Provincial People's Committee issued Decision No. 33/2024/QD-UBND stipulating the conditions, content, and preferential loan levels for implementing the credit policy supporting entrusted projects through the Social Policy Bank in the province, using funds from national target programs for the 2021-2025 period. Immediately afterwards, the Department of Agriculture and Environment issued a document guiding localities to develop production plans, technical orientations, and propose capital needs. The conditions and preferential loan levels were designed to suit actual needs, especially prioritizing households directly affected by natural disasters. Simultaneously, the Provincial Branch of the Social Policy Bank issued a directive to its subordinate transaction offices, coordinating with the provincial newspaper, radio and television, local authorities, and socio- political organizations to disseminate the policy to villages and hamlets.

As soon as funding is allocated, the Provincial Branch of the Social Policy Bank proactively coordinates with the People's Committees at the commune level, entrusted political and social organizations, village heads, and savings and loan groups to review eligible individuals and those in need of loans in order to complete the necessary documents and promptly disburse loans to support production development.

After nearly a year of implementation, with a focused and targeted capital allocation approach, the credit policy supporting entrusted funds through the Social Policy Bank has yielded practical results. From September 2024 to August 2025, the total local budget funds entrusted through the Social Policy Bank reached nearly 506 billion VND. The bank proactively coordinated with local authorities and socio-political organizations to disburse funds promptly, achieving 100% of the assigned capital target.

In particular, this capital has been prioritized for disbursement to households and workers affected by Typhoon No. 3, helping them to quickly restore production. As of August 15, 2025, 5,779 customers had received loans totaling VND 510.3 billion, with outstanding loans reaching VND 492.5 billion. This demonstrates the high and effective accessibility of capital for the people.

Loan capital is concentrated in the province's key sectors, including forestry and fisheries. Forestry accounts for the highest proportion, at 47.9% of the total outstanding loans, equivalent to VND 236.2 billion, supporting 2,666 customers. Fisheries accounts for 31.1% of the total outstanding loans, equivalent to VND 153.2 billion, supporting 1,696 customers. Livestock farming accounts for VND 81.2 billion, supporting 1,005 customers…

This year's summer-autumn crop saw Mr. Le Hong Long's family (Duong Hoa commune) release over 300,000 shrimp fry and 10,000 fish fry, expecting a harvest of approximately 4 tons of shrimp and 8 tons of fish. After deducting expenses, they expect to earn hundreds of millions of dong in profit. To achieve this success, policy-based credit has been a crucial leverage. Last February, his family borrowed an additional 200 million dong from the Hai Ha branch of the Social Policy Bank to purchase feed for the shrimp and fish, continuing several previous loans aimed at maintaining and developing production. Mr. Le Hong Long (Duong Hoa commune) shared: "My family and I feel very fortunate to have received assistance in accessing loan capital. We no longer have to work for others; we are our own bosses, with stable income and a significantly improved life compared to before."

The Social Policy Bank, in coordination with local authorities and socio-political organizations, disbursed funds promptly, achieving 100% of the assigned capital target.

Thanks to the support of policy-based credit, many cooperatives in the province have had the opportunity to expand investment and develop production. Mr. Doan Van Ha, Director of Ha Xuan Phat Cooperative in Quang Ha commune, said: The cooperative boldly borrowed 1 billion VND to develop a forest-based economic model combined with goat and cattle farming, thereby creating jobs and stable income for members and local workers. Currently, the cooperative has 30 breeding cows and 30 breeding goats, and in just two years, they will double their herds to supply the market.

Statistics show that borrowers have complied well with the use of funds for their intended purposes, serving the needs of reforestation, oyster farming, fisheries, and livestock breeding. Some borrowers have already generated income and begun repaying part of their loans, demonstrating the initial effectiveness of the capital utilization.

According to the leaders of the Department of Agriculture and Environment, in the coming time, the unit will continue to coordinate with relevant agencies, units, and localities to promptly and effectively implement the province's policies, paying special attention to localities that are still facing difficulties and have many beneficiaries, especially in the fields of forestry and fisheries, in order to support people in maintaining and developing production linked to product consumption.

Policy credit capital has become a solid foundation for thousands of households and cooperatives in the province. Not only does it help people confidently invest in production, increase income, and escape poverty sustainably, but this preferential capital also contributes to promoting rural economic development and ensuring social security.

Do Hung

Source: https://baoquangninh.vn/diem-tua-cho-sinh-ke-ben-vung-3374956.html