Timely support of loans to those in need

In report No. 96 dated April 24, 2025 of the Provincial People's Committee, it was assessed that: The production support loan package implemented by the Bank for Social Policies, Quang Ninh branch, from the provincial budget, was timely in supporting people to restore production immediately after storm No. 3, and was highly agreed upon by the people. This loan package demonstrates the concern and support of Party committees and authorities at all levels for people to recover after the storm, create stable jobs and livelihoods, and ensure social security. After having income, households borrowing to exploit aquatic products have repaid part of the loan capital.

Workers at Long Thuong shrimp paste facility (Quang Yen town) returned to production after repairing infrastructure damaged by storm No. 3 Yagi .

Mr. Nguyen Minh Son, Director of the Department of Agriculture and Rural Development, said: The basis for the province's decision to entrust local budget capital through the Social Policy Bank system is that the Quang Ninh Provincial People's Committee previously issued Document No. 866/VPUBND-VHXH dated February 19, 2024 directing the implementation of Resolution No. 111/2024/QH15. Based on the provisions of Article 4 of Resolution No. 111/2024/QH15, the Provincial People's Committee issued Decision No. 33/2024/QD-UBND dated September 13, 2024 stipulating the conditions, contents, and preferential loan levels to implement the credit policy to support entrustment through the Social Policy Bank from the capital source for implementing national target programs for the period 2021-2025.

Immediately after the province issued a decision on entrusting capital to implement national target programs for the period 2021-2025 to the Quang Ninh branch of the Bank for Social Policies, the Department of Agriculture and Environment organized the development of plans and techniques for agricultural production from credit support sources. The provincial Bank for Social Policies coordinated with the Provincial Communication Center to propagate and disseminate the policy to the people, and at the same time directed the transaction offices of the Bank for Social Policies in districts, towns and cities of the province to organize the implementation. At the transaction points of the Social Policy Bank located at the headquarters of the People's Committee at the commune level, propaganda and publicity of policies to support loans for production development are regularly organized to ensure compliance with policies and beneficiaries, and coordination to review eligible subjects and those in need of capital to promptly disburse to serve people in production development, in which priority is given to households and workers affected by storm No. 3 in 2024 to soon restore production and stabilize life.

Mr. Nguyen Dang Kiem, Deputy Director of the Bank for Social Policies, Quang Ninh branch, shared: As soon as the capital was granted, the Bank for Social Policies, Quang Ninh branch, proactively coordinated with the People's Committees at the commune level, entrusted socio-political organizations, Village Heads, and Savings and Loan Groups to review eligible subjects and those in need of loans to complete the loan application documents to promptly support production development.

From 2024 to present, the People's Committee of Quang Ninh province has provided nearly 496 billion VND in capital to the Quang Ninh Provincial Bank for Social Policies, of which nearly 288 billion VND was provided in 2024 and 208 billion VND in 2025. The Quang Ninh Provincial Bank for Social Policies has provided loans of nearly 456 billion VND to 5,151 customers, of which households with income have partially repaid the loan. The outstanding debt as of April 17, 2025 reached 446.332 billion VND. Currently, the Provincial Bank for Social Policies is continuing to coordinate to receive documents to disburse to people, expected to complete 100% of the assigned plan by the end of May 2025.

Fortunately, the subjects accessing this loan source are mainly workers with 5,069 customers with the amount of 446.152 billion VND; 2 households that have just escaped poverty borrowed 130 million VND; 1 household with an average living standard with the amount of 50 million VND. At the same time, the capital invested in production in the forestry sector is 209 billion VND with 2,347 customers with outstanding loans; the aquaculture sector is 143 billion VND with 1,584 customers; lending to the livestock sector is 75 billion VND with 930 customers; the rest is lending to other sectors.

It can be seen that the policy of entrusting capital from the local budget through the Social Policy Bank system has had a positive effect in removing difficulties and accelerating the disbursement of capital to support production development. This policy needs to be maintained and expanded, especially in the current situation, the province basically has no poor or near-poor households, people are only eligible to enjoy the loan policy to support job creation, the policy to support production development and are in great need of capital to maintain production activities and develop the family economy.

Vietnam China

Source: https://baoquangninh.vn/kip-thoi-ho-tro-von-vay-den-nguoi-can-3359337.html