Launching the Savings Month to join hands for the poor, the Bank for Social Policies has received organizations and individuals registering for savings. |
Ms. Chang Khanh Quynh Lan - Deputy Director of the Lam Ha District Social Policy Bank Transaction Office said: "In the first 6 months of 2025, the activities of the District Social Policy Bank Transaction Office under the close direction of the District Board of Directors, the unit has proactively followed the resolutions and directives of the Secretariat, the Prime Minister, the directive documents of the Social Policy Bank, and the local government, effectively implemented policy credit programs, promptly met the capital needs for production and business, the lives of poor households and policy beneficiaries, contributing to economic development, ensuring social security and building new rural areas in the district".
During the Savings Month for the Poor in 2025, the Transaction Office coordinated with the Vietnam Fatherland Front Committee of the district, the Labor Federation of the district, socio -political organizations entrusted at the district level and the People's Committees of communes and towns to reach over 4.76 billion VND/66 customers.
By June 20, the Association's organizations had inspected 40 communes/283 groups/4,844 borrowers. Loan turnover reached 97.3 billion VND/1,678 customers; debt collection turnover was 67.9 billion VND. Total outstanding loans of credit programs reached over 598 billion VND/11,618 households, an increase of 31.7 billion VND compared to the beginning of the year, a growth rate of 5.6%.
Implementing credit policy programs entrusted through socio-political organizations, the total number of Savings and Credit Groups as of May 31, 2025 is 294 Savings and Credit Groups with a total outstanding loan entrusted through socio-political organizations of VND 598 billion/294 Savings and Credit Groups/11,606 customers, accounting for 99.98% of the total outstanding loan. In the first 5 months of 2025, at the commune transaction point, the disbursement rate accounted for 100%; debt collection rate was 98.35%; interest collection rate was 99.95% of the total transactions arising from the District Social Policy Bank Transaction Office.
As of June 20, 4/16 commune transaction points have been recognized by the Provincial Social Policy Budget as model transaction points, accounting for 25% of the total transaction points in the area. Since the beginning of the year, the Transaction Office has directly inspected 40 commune transaction points; comprehensively inspected policy credit activities at 5 communes/10 associations/20 groups/107 borrowers. At the same time, it has promoted and mobilized 6,732 customers to use the Mobile Banking service of the Social Policy Bank, accounting for 57.94% of borrowers. In coordination with the District Women's Union and communes and towns, the movement of non-cash digital transformation has been organized in 11/16 communes and towns.
According to the report of the Board of Directors of the Lam Ha District Social Policy Bank, in the first 6 months of the year, the capital source received from local trust increased by 3.5 billion VND; credit balance growth reached 5.60%; completed 97.59% of the capital mobilization plan assigned by the province through organizations and individuals; the rate of principal debt collection on due date was 99.69%; the rate of overdue debt on total outstanding debt was 0.1%; the disbursement rate at the commune was 100%; the rate of principal debt collection at the commune was 98.35%; the rate of deposits of the Savings and Credit Group on total outstanding debt was 5.54%; the rate of group members participating in monthly savings deposits reached 96.9%; the rate of groups with good classification was 97.96%; 31 news and propaganda articles on social policy credit activities...
Lam Ha District Social Policy Bank Transaction Office always creates conditions for people to borrow capital and develop family economy. |
Since the beginning of the year, with a loan turnover of 97.3 billion VND/1,678 borrowers, it has contributed to creating conditions for 44 poor households, 72 near-poor households, and 112 newly escaped-poverty households to borrow capital for economic development; helping 166 households living in difficult areas to use capital for production and business; creating jobs on the spot for 463 workers; helping 770 rural households to build and renovate clean water facilities and standard toilets; paying for the study expenses of 47 students and 3 households with members who have completed their prison sentences to develop production and integrate into the community; helping 1 civil servant, public employee, and low-income person to borrow capital to build new houses according to Decree No. 100 of the Government ...
However, according to the Deputy Director of the Transaction Office of the Bank for Social Policies in Lam Ha district, in addition to the achieved results, there are still difficulties and limitations in implementing policy credit indicators on low outstanding debt growth; in which the outstanding debt of the program for poor households, near-poor households and households that have just escaped poverty has decreased significantly (10.2 billion VND), revolving loans cannot be implemented due to a decrease in the number of subjects and many customers repaying their debts early; the social housing loan program under Decree 100 cannot grow due to few subjects (there is still 2.5 billion VND of capital that has not been disbursed). In addition, the overdue debt rate of 0.1% is higher than the average of the whole province (0.06%), overdue debt is forecasted to continue to increase in the last months of the year due to borrowers leaving the locality, the situation of borrowers getting divorced is complicated, and there are difficulties in debt collection.
Along with that, the implementation of MobileBanking service is not of high quality; 968 customers do not have a balance; 2,272 customers have not installed biometrics; there are 5,427 customers who are borrowers, accounting for 46.59% of customers with outstanding debt. Some commune-level associations and unions have not sent inspection and supervision records for the first 6 months of 2025 to the bank for storage as prescribed. The arrangement of records to prepare for the handover after the commune-level merger is still not guaranteed. Some commune-level associations and unions have not urged the Management Board of Savings and Credit Groups to operate in accordance with regulations, leading to certain errors in loan assessment and loan application preparation. Some group leaders are old and have limited qualifications, so it is difficult to access the application of science and technology in their operations, leading to work efficiency not meeting the requirements of the tasks in the new situation.
Comrade Dinh Duc Chi - Vice Chairman of the District People's Committee, Head of the Board of Directors of the Lam Ha District Social Policy Bank said: "The results achieved in the past time are the recognition and efforts of the members of the Board of Directors of the Social Policy Bank, especially the role of political and social organizations in the entrustment activities. At the same time, to carry out the tasks and promote the achieved results, in the coming time, the members of the Board of Directors will try to further promote the life of the locality and in the assigned tasks. Well implement the contents related to the arrangement of the apparatus of the political system, ensuring that it does not affect the implementation of policy credit at the grassroots level...".
Source: https://baolamdong.vn/xa-hoi/202506/ngan-hang-csxh-huyen-lam-ha-thuc-hien-hieu-qua-cac-chuong-trinh-tin-dung-69a7639/
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