Bringing policy credit closer to the people

Implementing the direction of the province, the Provincial Social Policy Bank has created conditions for many poor, near-poor, disadvantaged households, and ethnic minority people to access preferential loans. Up to now, the lives of many households have improved significantly after the loans were used for the right purpose and effectively.

Ms. Le Thi Huong, Lien Hoa ward, shares experiences about her family's goat farming model.

From a small-scale livestock farming model, Ms. Le Thi Huong, Lien Hoa ward, boldly borrowed capital from the Social Policy Bank through the Farmers' Association's trust channel to invest in expanding her family's livestock farming scale. With 4 hectares of garden ponds, Ms. Huong's family raises about 50,000 white-leg shrimp, 100,000 freshwater fish, and raises chickens and goats for breeding. On average, a year they harvest about 2 tons of fish, 1400 kg of shrimp, over 1000 kg of goats... bringing in a revenue of about 1 billion VND. Ms. Huong's family is one of hundreds of thousands of customers in the past 5 years who have had access to preferential loans from the province's policies and guidelines to create conditions for loans to create jobs, develop the economy , and reduce poverty.

Ms. Huong shared: My family has been doing the garden-pond-barn economic model for more than 20 years, but only raised livestock on a small scale. In 2024, through the Farmers' Association of the commune, now Lien Hoa ward, we created conditions for a loan of 100 million VND from the Social Policy Bank to invest in buying more breeds and feed to expand the scale of livestock farming. After a year of seeing clear results, the family has now paid off the debt. In 2025, the family decided to borrow another 100 million VND to expand the model.

Ms. Hoang Thi Hong, President of the Farmers' Association of Lien Hoa Ward, said: Through the association's channel, in the past time, 320 members in the ward have had access to loans from the Bank for Social Policies, with a total outstanding debt of about 24 billion VND. This source of capital has helped households invest and expand the scale of livestock and crop farming. Many models of raising goats, chickens, shrimp, crabs, and fish have high economic efficiency with annual incomes ranging from several hundred million to more than a billion VND.

Thanks to a loan from the Social Policy Bank, Ms. Nguyen Thi Duong's family in Tan Thanh area, An Sinh ward invested in an effective custard apple growing model.

In particular, implementing Resolution No. 06-NQ/TU (dated May 17, 2021) of the Provincial Party Committee and Resolution No. 16/2021/NQ-HDND of the Provincial People's Council on borrowing capital for sustainable socio-economic development associated with ensuring national defense and security in communes, villages, and hamlets in ethnic minority, mountainous, border, and island areas for the period of 2021-2025, with a vision to 2030. Accordingly, the Provincial Bank for Social Policies has closely followed the goals, tasks, and solutions of the Resolution to organize and implement. Specify action programs and plans, focusing on advising the Provincial Party Committee and the Provincial People's Committee to direct the implementation of policy credit programs in the area, contributing to the completion of the set goals.

Policy credit capital in the period of 2020-2025 creates conditions for people to invest in areas such as: Animal husbandry, forestry, aquaculture, fishing, seafood exploitation, rural agricultural development and local OCOP products. In addition, policy credit capital has helped households have more resources to restore production and business activities due to the impact of the Covid-19 pandemic, storm No. 3 (Yagi) ... to ensure income, employment and social security.

In 2024, Mr. Bang Van Thanh, a San Diu ethnic, Linh Trang area, Binh Khe ward, was able to borrow 80 million VND to invest in a chicken farming model. From 1,500 crossbred fighting chickens, Mr. Thanh bought more breeding chickens, increasing the total flock to 10,000. On average, he sold about 50 tons/year to the market, bringing in a profit of about 200 million VND, his family's life has improved. Mr. Thanh said that after paying off the debt, he continued to borrow more to invest in livestock barns to develop more chicken flocks and increase income.

From the loan capital from the Bank for Social Policies, Dong Trieu Branch, Mr. Bang Van Thanh's family in Binh Khe Ward has invested in a model of raising crossbred fighting chickens, bringing in an income of hundreds of millions of dong each year.

Over the past 5 years, policy credit capital has made an important contribution to implementing national target programs on poverty reduction, new rural construction, and the overall program on sustainable socio-economic development in communes, villages, and hamlets in ethnic minority, mountainous, border, and island areas. The whole province has had nearly 156,000 customers borrowing preferential loans of nearly VND 10,000 billion, creating jobs for nearly 87,000 workers. Outstanding policy credit as of July 31, 2025 reached nearly VND 5,000 billion with over 75,000 customers borrowing loans with outstanding loans. In implementing poverty reduction work, in recent years, Quang Ninh has had methodical approaches and become a bright spot in the country when completing the sustainable poverty reduction target for the 2021-2025 period 3 years earlier.

Mr. Nguyen Dang Kiem, Deputy Director of the Bank for Social Policies, Quang Ninh Branch, said: In the coming period, the Bank Branch will closely follow the direction of the Central Government as well as the province to effectively organize the implementation of policy credit programs; advise on the arrangement of resources to ensure that 100% of policy beneficiaries and people have access to loans from the Bank for Social Policies. At the same time, maintain the effective operation of savings and loan groups in villages, hamlets and effectively organize transaction points in 54 communes, wards and special zones; coordinate with political organizations entrusted to strengthen information and propaganda, guide people to boldly borrow and use loans for the right purpose and effectively.

Mai Huong

Source: https://baoquangninh.vn/hieu-qua-tu-vay-von-tin-dung-chinh-sach-nang-cao-thu-nhap-3379712.html