Starting from a small-scale livestock farming model, Ms. Le Thi Huong, from Lien Hoa ward, boldly borrowed capital from the Social Policy Bank through the Farmers' Association's entrusted channel to invest in expanding her family's livestock farming. With 4 hectares of ponds and gardens, Ms. Huong's family raises approximately 50,000 whiteleg shrimp, 100,000 freshwater fish, and breeding chickens and goats. On average, they harvest about 2 tons of fish, 140 kg of shrimp, and over 100 kg of goats annually, bringing in a revenue of about 1 billion VND. Ms. Huong's family is one of hundreds of thousands of customers over the past 5 years who have accessed preferential loan capital from the province's policies to create jobs, develop the economy , and reduce poverty.
Ms. Huong shared: "My family has been running a garden-pond-livestock farming model for over 20 years, but we only raised a small number of animals. In 2024, through the Farmers' Association of Lien Hoa commune (now Lien Hoa ward), we were able to borrow 100 million VND from the Social Policy Bank to invest in more breeding stock and feed to expand our farming scale. After a year, we saw clear results and have now repaid the debt. In 2025, we decided to borrow another 100 million VND to expand the model."
Ms. Hoang Thi Hong, Chairwoman of the Farmers' Association of Lien Hoa Ward, said: "Through the association's channels, over the past period, 320 members in the ward have accessed loans from the Social Policy Bank, with a total outstanding debt of approximately 24 billion VND. This capital has helped households invest and expand their livestock and crop farming. Many models of raising goats, chickens, shrimp, crabs, and fish have yielded high economic efficiency, with annual incomes ranging from several hundred million to over one billion VND."
In particular, the Provincial Social Policy Bank has implemented Resolution No. 06-NQ/TU (dated May 17, 2021) of the Provincial Party Committee and Resolution No. 16/2021/NQ-HĐND of the Provincial People's Council on sustainable socio-economic development loans linked to ensuring national defense and security in communes, villages, and hamlets in ethnic minority, mountainous, border, and island areas for the period 2021-2025, with a vision to 2030. Accordingly, the Provincial Social Policy Bank has closely followed the objectives, tasks, and solutions of the Resolution to organize and implement them. It has concretized 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 province, contributing to achieving the set goals.
Policy credit funds during the 2020-2025 period have created favorable conditions for people to invest in areas such as: livestock farming, forestry, aquaculture, fishing, seafood exploitation, rural agricultural development, and local OCOP products. In addition, policy credit funds have helped households restore production and business activities affected by the Covid-19 pandemic and Typhoon Yagi (Typhoon No. 3), ensuring income, employment, and social security.
In 2024, Mr. Bang Van Thanh, a San Diu ethnic minority resident of Linh Trang area, Binh Khe ward, borrowed 80 million VND to invest in a chicken farming model. Starting with 1,500 hybrid fighting chickens, Mr. Thanh bought more chicks, increasing the total flock to 10,000. On average, he sells about 50 tons per year, bringing in a profit of about 200 million VND, improving his family's living standards. Mr. Thanh said that after repaying the debt, he continued to borrow more to invest in chicken coops to expand his flock and increase his income.
Over the past five years, policy credit capital has made a significant contribution to the implementation of national target programs on poverty reduction, rural development, and the overall program for sustainable socio-economic development in communes, villages, and hamlets in ethnic minority areas, mountainous regions, border areas, and islands. The province has seen nearly 156,000 customers borrow preferential loans totaling nearly 10,000 billion VND, creating jobs for nearly 87,000 workers. The outstanding policy credit balance as of July 31, 2025, is expected to reach nearly 5,000 billion VND with over 75,000 customers still having outstanding loans. In implementing poverty reduction efforts, Quang Ninh has adopted systematic approaches and become a shining example nationwide, achieving the sustainable poverty reduction target for the 2021-2025 period three years ahead of schedule.
Mr. Nguyen Dang Kiem, Deputy Director of the Social Policy Bank, Quang Ninh Branch, said: In the coming period, the Bank Branch will closely follow the directives of the Central Government and the province to effectively implement policy credit programs; advise on the allocation of resources to ensure that 100% of policy beneficiaries and citizens have access to loan capital from the Social Policy Bank. At the same time, it will maintain the effective operation of savings and loan groups in villages and neighborhoods, and effectively organize transaction points in 54 communes, wards, and special zones; coordinate with entrusted political organizations to strengthen information dissemination and guidance to encourage people to confidently borrow capital and use it for the right purposes and effectively.
Source: https://baoquangninh.vn/hieu-qua-tu-vay-von-tin-dung-chinh-sach-nang-cao-thu-nhap-3379712.html
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