Previously, the district-level Board of Directors of the Vietnam Bank for Social Policies (VBSP) was responsible for advising the Party Committee and the local government on leading and directing the implementation of preferential credit programs, while also inspecting and supervising loan approval, capital utilization, and debt handling. Since the implementation of the two-tiered local government model (July 2025), the district-level Board of Directors of the VBSP no longer exists. Therefore, the establishment of the commune-level Board of Directors of the VBSP is of significant importance in inheriting and maintaining direct guidance on policy credit activities at the grassroots level, in line with the VBSP's unique model of being "close to the people and serving the people."
Mr. Phan Anh Thang, Deputy Director of the Provincial Branch of the Vietnam Bank for Social Policies (VBSP), stated: Following directives from the Central and Provincial authorities, 100% of communes and wards in the province have now established VBSP branch representatives at the commune level. Strengthening this model contributes to enhancing the role of local authorities in managing and supervising policy credit activities; it also helps to make the process of reviewing loan needs, evaluating eligible borrowers, and inspecting the use of funds more realistic and effective. Through this, preferential state funds are transferred quickly, openly, and transparently to the people.
Accordingly, the Board of Directors of the Social Policy Bank at the commune level consists of 4 members, with the Chairman of the People's Committee of the commune or ward serving as the head of the board.
Immediately after their establishment, the representative boards of the Social Policy Bank in communes and wards throughout the province quickly developed operating regulations, held their first meeting, and assigned specific tasks to each member to ensure that policy credit activities were implemented synchronously and effectively. Accordingly, the representative boards of the Social Policy Bank in communes closely coordinated with entrusted socio-political organizations in managing, supervising, and implementing policy credit programs.
In That Khe commune, over the years, policy credit programs have helped many households develop their economy and stabilize their lives. To date, the total outstanding policy credit balance has reached over 132 billion VND with more than 1,500 borrowers.
Mr. Chu Tuan Doanh, Chairman of the People's Committee of That Khe commune and Head of the Board of Representatives of the Social Policy Bank in That Khe commune, said: Immediately after its establishment, the Board of Representatives of the Social Policy Bank in That Khe commune assigned specific tasks to each member; strengthened coordination between units and organizations, proactively grasped the loan needs of the people, ensuring that capital is used for the right purpose, for the right target group, and effectively.
Not only in That Khe commune, but in reality, when local authorities directly participate in the management of policy credit, understanding the needs of the people becomes more accurate. The completion of 100% of the commune-level Board of Directors of the Vietnam Bank for Social Policies (VBSP) in the province is not only a milestone in organization but also opens a new phase in improving the effectiveness of policy credit. Many households in remote areas and those with difficult circumstances have access to capital conveniently and promptly to invest in developing their family economies. To date, the total outstanding loan balance of loan programs at the provincial VBSP branch has reached over 6,200 billion VND, with more than 70,000 customers with outstanding loans.
Ms. Nong Thi Dung, from Kim Choi village, Huu Lung commune, said: "My family is using a loan of 50 million VND from the Vietnam Bank for Social Policies (VBSP) to develop our forest. Since the VBSP's commune-level representative board started operating, the management of policy credit in the area has become stricter. We have received specific guidance from the commune government and associations on loan procedures, production development orientation, and monitoring of loan utilization. As a result, we have found it easier to access preferential credit programs and are more conscious of using the capital effectively. Thanks to the loan, my family has been able to plant and care for more than 1 hectare of eucalyptus forest, helping to increase income and stabilize our lives."
The establishment of the Board of Representatives of the Social Policy Bank at the commune level not only meets the requirements of reforming the two-tiered local government organizational model but also creates a foundation for improving the quality of policy credit activities in the new phase. With the synchronized involvement of Party committees, government agencies, and mass organizations, preferential capital will continue to be effective, becoming a "lever" to help people in the province develop their economy, stabilize their lives, and gradually rise to legitimate wealth.
Source: https://baolangson.vn/dua-tin-dung-chinh-sach-den-gan-dan-5091357.html
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