As of February 29, 2024, the Dien Bien Dong District Branch of the Vietnam Social Policy Bank had implemented 17 policy credit programs. Loan disbursements reached nearly 440 billion VND, benefiting over 8,300 households; the average credit growth rate was over 15%. Specifically for the loan program for poor households, from 2021 to the present, nearly 3,500 poor households in the district have received loans totaling over 177 billion VND. The timely, targeted, and effective use of these funds has helped nearly 1,200 households overcome poverty.
Mr. Nguyen Van Dung, Director of the Social Policy Bank branch in Dien Bien Dong district, said: "The unit closely coordinates with local Party committees, authorities, and entrusted organizations to implement policy credit to poor and near-poor households and other policy beneficiaries. From the beginning of the year, the district branch developed a plan to effectively monitor entrusted capital at district and commune/town political and social organizations; and regularly organized training on policy credit management for savings and loan groups and village/hamlet heads in the area. As a result, policy credit funds are lent to the right beneficiaries, used for the right purposes, and effectively."
Established in 2006, the Savings and Credit Group of Residential Area 1, Dien Bien Dong Town, currently has 41 members and is implementing 6 policy credit programs including: loans for poor households, near-poor households, newly escaped poverty households, households engaged in production and business in difficult areas, households with housing problems, and ethnic minority households. The total outstanding loan balance is 2.761 billion VND, with an average outstanding loan of over 67.7 million VND per household.
Ms. Quang Thi Duong, Head of the Savings and Credit Group in residential area 1, said: To improve the effectiveness of the Savings and Credit Group, the Group Management Board pays special attention to inspecting and monitoring the use of loan capital. They regularly understand the thoughts and aspirations of members; update information, identify emerging issues, difficulties, and obstacles to take timely measures to resolve them. The group maintains regular meetings with the district's transaction office; and closely coordinates with the local government to monitor and urge members to repay principal and interest on time. As a result, for many years, the group has had no overdue or bad debts.
The effective use of credit funds has helped 12 poor households in residential group 1 escape poverty; 10 households have built new, sturdy houses; and many other households have stable jobs and income, improving their quality of life. Some exemplary households in effectively utilizing policy credit funds include: Lo Van Thoi, Lu Thi Soa, Tong Thi Hoa… with large-scale livestock farming models generating tens of millions of dong per year. 100% of members in the group participate in monthly savings deposits with a total balance of 39 million dong.
Mr. Luong Van Truong's household, in residential area 1 (Dien Bien Dong town), received a loan of 50 million VND to invest in developing a large-scale livestock farming model. Mr. Truong invested in barns and purchased breeding buffaloes and cows to raise livestock in a family farm format. Currently, Mr. Truong's herd consists of 5 buffaloes and 8 cows, providing a stable income for his family.
Mr. Luong Van Truong said: "In difficult circumstances, preferential policy capital is an important leverage that helps my family develop our livestock farming model, gradually stabilize and escape poverty."
Na Son is a particularly disadvantaged commune in Dien Bien Dong district, with a natural area of 73.59 km² , comprising 13 villages, 918 households, and 4,071 inhabitants belonging to four ethnic groups living together. The poverty and near-poverty rate is 37.9%, and the lives of the people remain difficult. In recent years, Na Son commune has always considered policy credit capital as one of the effective solutions for economic development, job creation, and achieving sustainable poverty reduction goals. To date, Na Son commune has established and maintained the operation of 20 savings and loan groups in 100% of its villages. The total outstanding credit balance has reached 37.6 billion VND, including: Farmers' Association 7.8 billion VND; Women's Association 8.2 billion VND; Veterans' Association 12.3 billion VND; and Youth Union 9.3 billion VND.
Mr. Lo Van Xuong, Chairman of the People's Committee of Na Son commune, said: To effectively implement policy credit programs, the commune has directed political and social organizations entrusted with the task to regularly focus on consolidating and improving the quality of operations of savings and loan groups. The People's Committee of the commune, in coordination with specialized agencies of the district, organizes training courses and transfers scientific and technical knowledge on crop cultivation and livestock and poultry farming, helping people gain more ideas and knowledge to develop their economy.
In 2023, as part of the program to build houses for poor households, the family of Mr. Thào A Só, from Tồng Sớ village (Pú Hồng commune), received 50 million VND in support from the Vietnam Fatherland Front Committee of Điện Biên Đông district to build a house. Wishing to build a spacious and sturdy house, Mr. Thào A Só needed a loan from the Social Policy Bank. Through the Savings and Credit Group, the Social Policy Bank branch in the district disbursed 40 million VND to provide Mr. Thào A Só with additional funds for the construction.
Mr. Thào A Só said: “With the support of the local authorities, the Fatherland Front, and the Social Policy Bank, my family has had enough funds to build a solid house. The new house helps my family feel secure about our living situation, allowing us to focus on labor and production, and strive to escape poverty.”
Annually, Dien Bien Dong district regularly monitors and works with the Board of Directors of the Social Policy Bank of the district, and the communes and towns on the implementation of preferential credit policies for the poor and other policy beneficiaries. The effective deployment, management, and utilization of policy credit funds help the poor in Dien Bien Dong to improve their lives.
Source
![[Photo] Reception to welcome General Secretary and President To Lam and his wife on their State visit to the Philippines](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2026/06/01/1780295488620_vna-potal-chieu-dai-chao-mung-tong-bi-thu-chu-tich-nuoc-to-lam-va-phu-nhan-tham-cap-nha-nuoc-toi-philippines-8798060-7855-jpg.webp)
Comment (0)