Survey on the trust activities of the Social Policy Bank, Provincial Branch

The survey team of Vietnam Bank for Social Policies surveyed the trust activities of the Bank for Social Policies of Son La province.

Currently, the Son La Provincial Branch of the Social Policy Bank has its Headquarters in Son La City and 11 transaction offices in districts and towns. The Board of Directors of the Social Policy Bank at all levels has 345 members (13 at the provincial level, 332 at the district and commune levels). The transaction network covers 200/200 communes, wards and towns, managed and supervised by 825 socio-political organizations, along with 3,771 savings and loan groups (TK&VV), of which 98.6% operate effectively.

As of April 30, the whole province had 122,599 households with outstanding loans with a total outstanding policy credit balance of more than VND 7,140 billion, reaching 98.6% of the plan, an increase of VND 324 billion compared to the end of 2024. Of which, outstanding loans entrusted through 4 socio-political organizations reached more than VND 7,126 billion, accounting for 99.8% of total outstanding loans; bad debt accounted for 0.1%.

To ensure stable operation after the merger of commune and ward level units, the Working Group surveyed and collected opinions on adjusting the trust agreement documents, including: personnel work, organizational structure, inspection components, inspection rate, fee levels and allocation between levels. At the same time, surveyed the handover of trust activities; difficulties in commune transactions after the merger; the conversion of group members' deposit accounts to payment accounts and amendments to the content of the delegation to the management board of the Savings and Credit Group.

Provincial Youth Union representative speaking at the meeting.

The provincial branch of the Vietnam Bank for Social Policies and the entrusted organizations have proposed to continue maintaining the current commune transaction points, even when a commune after the merger has many points. It is recommended that the Vietnam Bank for Social Policies issue specific instructions for transaction points not located at the commune People's Committee headquarters, including: Location of organization, protection plan, participants, direction and utilities for reporting and assessing the credit quality of the whole commune. In addition, it is proposed to increase the size of the savings and credit group from 20 to 100 members, more suitable to the management capacity and development trend.

The monitoring team requested the provincial branch of the Vietnam Bank for Social Policies and the socio-political organizations that received the mandate to proactively report to the local Party Committee and authorities to soon stabilize the transaction points after the merger, meeting the needs of the people. At the same time, urgently develop a plan to ensure safety for transaction sessions at the commune level, improving the efficiency of policy credit activities. Commune-level files need to be carefully prepared so that the handover takes place quickly and accurately. In addition, step up propaganda to the Management Board of Savings and Loan Groups and customers about the roadmap to stop collecting money directly, moving towards debt collection through bank accounts.

Source: https://baosonla.vn/kinh-te/khao-sat-hoat-dong-uy-thac-cua-ngan-hang-csxh-chi-nhanh-tinh-83nst0BHR.html