Ninh Hoa: Efficiency from policy credit capital

We were present at the transaction session of the Social Policy Bank (SPB) Transaction Office of Ninh Hoa town in Ninh Quang commune (Ninh Hoa). At this time, there were many people coming to transact. Ms. Vo Thi Bich Phuong (Thanh My village, Ninh Quang commune) said that her family only had 2 mothers and children, the family was in difficult circumstances; her mother was over 60 years old, unable to do heavy work. Therefore, her family borrowed 80 million VND to buy breeding cows to develop the economy .

Transaction Office of the Social Policy Bank of Ninh Hoa town disburses loans in Ninh Quang commune.

Up to now, the outstanding policy credit balance in Ninh Quang commune is nearly 37.6 billion VND, with a total of 1,440 borrowing households. The capital sources are used effectively, credit quality is guaranteed; the commune has no overdue debt or frozen debt. The main capital source is disbursed for two programs: clean water - rural environmental sanitation and job creation. Currently, the whole commune has more than 1,100 households borrowing from the clean water - rural environmental sanitation program with an outstanding debt of more than 22 billion VND. The credit capital from this program has contributed to improving and enhancing the quality of life of the people. Ranked second is the capital source for job creation with an outstanding debt of more than 11 billion VND, helping many borrowing households have capital to do business and create more jobs during the off-season. Ms. Tram Thi Hanh - Vice Chairman of Ninh Quang Commune People's Committee shared: "Policy credit capital has served rural development, new rural construction, contributing to the result of the commune being recognized as a model new rural commune. In the near future, after completing the arrangement and organization of the 2-level government apparatus, merging commune-level administrative units in Ninh Hoa town, I hope that the VBSP will pay attention to increasing loan capital, especially loan capital for the job creation program, clean water - rural environmental sanitation program".

In Ninh Ha ward (Ninh Hoa), many households borrowed capital from the Social Policy Bank to develop aquaculture. Mr. Nguyen Van Nghi (Ha Lien residential group, Ninh Ha ward) shared, “I borrowed 40 million VND from the Social Policy Bank to invest in shrimp farming. In the unfavorable weather and water environment for aquaculture, we hope that the Social Policy Bank will continue to pay more attention to loan capital so that farmers have capital with low interest rates to continue investing. Ms. Pham Thi Hong Thuy - Head of the Savings and Loan Group of Ha Lien Residential Group said: The group is managing capital of about 1.3 billion VND, with 59 households borrowing; the current loan level is 50 million VND/household. We recommend that the bank lend more so that borrowers have more capital to renovate ponds and raise shrimp.

According to the leader of the Ninh Hoa Town Social Policy Bank Transaction Office, from the beginning of the year until now, the policy credit lending turnover in the town has reached 131 billion VND, with 2,542 households borrowing capital. As of the end of April 2025, the outstanding social policy credit balance in the area reached 877 billion VND, with 25,753 households borrowing with outstanding debt. Of which, the rural clean water - environmental sanitation credit program has the highest outstanding debt, with 317 billion VND, with 17,696 households borrowing with outstanding debt. Credit quality is guaranteed, with the rate of overdue debt and frozen debt being 0.19%.

Mr. Nguyen Van Nghi in Ha Lien Residential Group (Ninh Ha Ward) borrowed capital to raise shrimp.

Mr. Lai Quyet Thang - Director of the Ninh Hoa Town Social Policy Bank Transaction Office said that in the past time, the bank has closely coordinated with communes, wards and socio-political organizations entrusted with loans in the management of policy credit capital, ensuring that loans are disbursed to the right subjects, and used for the right purposes and effectively. Through policy credit capital, poor households, near-poor households, newly escaped poverty households and other policy beneficiaries have the conditions to develop their economies and stabilize their lives. In the coming time, the Ninh Hoa Town Social Policy Bank Transaction Office will continue to coordinate with the People's Committees of communes, wards, socio-political organizations to promote propaganda on social housing loans, loans for poor households, near-poor households, newly escaped poverty households... so that eligible borrowers can access policy credit programs; proactively advise local Party committees and authorities on solutions to improve credit quality; Closely follow to implement the directive documents of the General Director of the Social Policy Bank, the Provincial People's Committee, the Resolution of the Provincial Social Policy Bank Board of Directors on implementing lending policies, including lending capital for high-tech marine farming, lending capital for demobilized soldiers...

PHI LONG

Source: https://baokhanhhoa.vn/kinh-te/202505/ninh-hoa-hieu-qua-tu-nguon-von-tin-dung-chinh-sach-f625d8f/