Maintain the organizational model and specific policy credit management method of the Social Policy Bank.

Regarding the work of reorganizing the apparatus and administrative units at the local level, on the morning of June 5, the Board of Directors (BOD) of the Vietnam Bank for Social Policies held an online meeting with the Board of Directors' representatives at the provincial and district levels nationwide.

Attending at the Hanoi bridge point were comrades of the Party Central Committee: Nguyen Thi Hong - Governor of the State Bank, Chairwoman of the Board of Directors of the Vietnam Bank for Social Policies; Nguyen Thi Tuyen - Chairwoman of the Vietnam Women's Union; Duong Quyet Thang - General Director of the Vietnam Bank for Social Policies.

Comrade Bui Thanh An - Member of the Provincial Party Committee, Permanent Vice Chairman of the Provincial People's Committee, Head of the Board of Directors of the Provincial Bank for Social Policies chaired at Nghe An bridge.

Comrade Bui Thanh An - Permanent Vice Chairman of the Provincial People's Committee, Head of the Board of Directors of the Provincial Bank for Social Policies chaired at Nghe An bridge. Photo: TH

Policy credit capital increased by 9.2%

At the meeting, representatives of leaders of central departments, ministries, branches, and the Board of Directors' Representative Boards at all levels focused on studying, discussing, and giving opinions on important contents to evaluate the results of the implementation of the tasks of the Vietnam Bank for Social Policies in the first 5 months of the year, discussing and orienting the implementation of tasks in the last months of 2025. The implementation status of Resolution No. 60-NQ/TW dated April 12, 2025 of the 13th Party Central Committee Conference; the arrangement of the organization and administrative units at the local level; the impact of the arrangement on the activities of the Board of Directors' Representative Boards at all levels.

Panoramic view at Nghe An bridge. Photo: TH

In the first 5 months of 2025, the Board of Directors at all levels have well implemented the political tasks assigned by the Party and the State, ensuring effective and safe operations and achieving a number of outstanding results in all aspects of operation.

By May 31, 2025, the total capital for policy credit activities will reach VND 410,857 billion, an increase of VND 34,618 billion (+9.2%) compared to 2024. The capital entrusted from the local budget entrusted through the Vietnam Bank for Social Policies to provide loans to social policy beneficiaries will reach VND 61,427 billion, an increase of VND 10,746 billion compared to 2024. The total outstanding policy credit balance will reach VND 389,388 billion, an increase of VND 21,757 billion (+5.9%) compared to 2024, with more than 6.8 million customers with outstanding loans.

Nghe An delegates follow the meeting. Photo: TH

In the first 5 months of the year, social policy credit capital supported investment in production and business, creating jobs for more than 404 thousand workers, of which more than 4.5 thousand workers went to work abroad for a limited period and nearly 2.6 thousand people who had completed their prison sentences found jobs; helped nearly 13.4 thousand students in difficult circumstances borrow money to study; built more than 751 thousand clean water works and sanitation works in rural areas; built nearly 1.9 thousand houses for poor households to stabilize their lives, nearly 4.1 thousand social houses for low-income people... Thereby, contributing to stabilizing and developing the economy, ensuring social security, effectively implementing the National Target Programs on sustainable poverty reduction, building new rural areas and developing the economy - society in ethnic minority and mountainous areas.

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By May 31, 2025, the total policy credit capital in Nghe An reached VND 14,228 billion, an increase of VND 543 billion compared to the beginning of the year, achieving a growth rate of 3.97%. Loan turnover in the first 5 months reached VND 2,122 billion, an increase of 6.6% over the same period in 2024. Total outstanding loans reached nearly VND 14,211 billion/22 policy credit programs, an increase of VND 538.7 billion compared to the beginning of the year, achieving a growth rate of 3.94%.
The Social Policy Bank, Nghe An branch, continues to implement solutions to strictly control capital sources and continuously improve credit quality; continues to maintain and well implement the transaction network at the commune level with 412 points/412 commune-level units in the whole province.

Delegates attending the meeting at Nghe An bridge. Photo: TH

Ensure smooth credit policy when implementing organizational restructuring

At the meeting, members of the Board of Directors, Heads of the Board of Directors' Representatives at the provincial and district levels, members of the Board of Directors' Representatives at the district level; members of the Advisory Board of Experts, representatives of agencies, ministries and branches expressed their opinions on the performance of the Social Policy Bank system and the plan to implement tasks in the last months of 2025. In particular, to prepare for the reorganization of the apparatus and administrative units at the local level, delegates analyzed the impacts of the reorganization on the operations of the Board of Directors' Representatives at all levels.

Concluding the meeting, Governor of the State Bank Nguyen Thi Hong acknowledged that in the first 5 months of 2025, the entire system of the Vietnam Bank for Social Policies proactively followed the direction and well implemented the political tasks assigned by the Party and the State, ensuring effective and safe operations.

In the coming time, the Executive Board needs to have solutions and roadmaps to ensure credit growth, arrange local budget capital to ensure the target of reaching at least 15% of total capital by 2030. Timely implement a number of new credit programs that have just been approved by the Government; effectively implement Directive No. 39-CT/TW of the Central Party Secretariat on improving the effectiveness of social policy credit in the new period.

Provincial Social Policy Bank staff follow the meeting. Photo: TH

In the near future, due to the rearrangement and reorganization of the 2-level administrative units, the team of the Board of Directors of the Social Policy Bank at all levels will have changes in organization and personnel. In order to ensure the implementation is on schedule, achieving the goals of streamlining, efficiency, effectiveness and efficiency according to Resolution No. 60-NQ/TW, the Governor of the State Bank requested the members of the Board of Directors of the Social Policy Bank to urgently study and handle problems related to mechanisms, policies, and contents related to entrusted activities when implementing the rearrangement of the organizational apparatus, so as not to affect the implementation of policy credit at the grassroots level.

People in Nam Dan district borrow capital from the Social Policy Bank to do business effectively. Photo: TH

The Head of the Provincial Board of Directors continues to direct the Provincial Bank for Social Policies to coordinate with relevant departments, branches and units to implement policy credit in the locality after the administrative unit is reorganized; pay attention to directing and reviewing the development of a plan for capital sources entrusted from the local budget in 2025, the period 2026-2030 to reach at least 15% of the total capital source.

After the merger, the Chairman of the People's Committee at the commune level continues to promote his role and responsibility as a member of the Board of Directors' Representative Board, continuing to direct the improvement of the quality of policy credit activities at the grassroots level, and improving the efficiency of policy credit capital sources.

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Continue to maintain the organizational model and specific policy credit management method of the Social Policy Bank; merge provincial branches according to the arrangement of administrative units at the provincial level; maintain the network of Transaction Offices, Commune Transaction Points, Savings and Loan Groups and ensure the smooth, effective, efficient and sustainable development of the Social Policy Bank.

Comrade Nguyen Thi Hong - Governor of the State Bank, Chairwoman of the Board of Directors of Vietnam Bank for Social Policies

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Source: https://baonghean.vn/duy-tri-mo-hinh-to-chuc-va-phuong-thuc-quan-ly-tin-dung-chinh-sach-dac-thu-cua-ngan-hang-chinh-sach-xa-hoi-10298973.html