Promoting the effectiveness of local trust funds

Disbursement of policy credit capital at the transaction point of An Hoa Hai commune (Tuy An district). Photo: LE HAO

Poverty reduction lever

According to the Transaction Office of the Social Policy Bank (SPB) of Tuy An district, since the Secretariat issued Directive 40-CT/TW and Conclusion 06-KL/TW on strengthening the Party's leadership over social policy credit, Tuy An district has seriously implemented it. With the close leadership and direction of the District Party Committee, People's Council, People's Committee and close coordination between departments, branches and organizations, the local budget capital entrusted through the SPB has continuously increased year by year.

As of early 2025, the total local budget capital entrusted through the Tuy An District Social Policy Bank Transaction Office reached nearly 17.4 billion VND, of which the capital transferred in previous years was 16.5 billion VND, and the interest earned was 878 million VND. In 2024 alone, the district budget entrusted 3 billion VND and in 2025 it was 4 billion VND - the highest level ever.

The entrusted capital has significantly contributed to raising the total outstanding policy credit balance of the whole district to 655.3 billion VND, accounting for 13.5% of the outstanding debt of the whole province, being the unit with the highest outstanding debt, with 12,718 customers with outstanding debt. From this capital source, 3,756 laborers in the district have jobs, many households have escaped poverty and become well-off.

Ms. Pham Thi Truc, a borrower in An Tho commune, shared: “Thanks to the loan of 50 million VND for job creation from the Vietnam Bank for Social Policies, my family has money to buy cows to raise. We bought 1 fattened cow, 1 breeding cow; we can raise and sell them to get money for investment, and let the cows breed, and get calves. After more than 2 years of borrowing, our family income has increased, we have the conditions to raise our children to study properly.”

Mrs. Ngo Thi En in An Hoa Hai commune said: Before, because we had no capital, my husband worked for other families on their boats, with an unstable income. With a loan from the Vietnam Bank for Social Policies to help us find jobs, our family bought a small boat and went fishing along the shore. With some income coming in, we saved up and invested more to buy a small motorboat, switched to fishing and shrimping, and improved our livelihood. From just having enough to eat, our family now has a stable income.

Graphics: VIET AN

Proactive advice

To achieve the above results, the Tuy An District Social Policy Bank Transaction Office is always proactive in consulting, seeking the leadership of local Party committees and authorities and the consensus of socio -political organizations in promoting the effectiveness of policy credit in the district.

According to Mr. Nguyen Van Tue, Director of the Tuy An District Social Policy Bank Transaction Office, the unit always closely follows the central and provincial directives to promptly advise the District Party Committee, People's Council, People's Committee and the District Social Policy Bank Board of Directors on the annual entrusted capital. In particular, close coordination with the District Finance and Planning Department helps to arrange the budget at the right time, transferring capital at the beginning of the year to promptly disburse to borrowers.

We identify social policy credit capital as an important channel to support the poor and vulnerable groups. Entrusting capital from the local budget is a responsibility and also a practical solution to support the people. Therefore, every year, the district includes this content in the socio-economic development plan and allocates appropriate resources.
Mr. Nguyen Van Hoang, Vice Chairman of the District People's Committee, Head of the Board of Directors of the Social Policy Bank of Tuy An District

In addition, inspection, supervision, and information and propaganda work are always strengthened. Every quarter, the meetings of the Board of Directors of the District Social Policy Bank include the implementation of Directive 40-CT/TW in the resolution. The periodic review and final conference always has its own assessment of the effectiveness of using local capital, and promptly rewards units and individuals with outstanding achievements. Socio-political organizations also promote their role in managing entrusted capital, guiding borrowers to use capital for the right purpose and collect debts on time.

Mr. Nguyen Van Hoang, Vice Chairman of the District People's Committee, Head of the Board of Directors of the Tuy An District Social Policy Bank, said: “We identify social policy credit capital as an important channel to support the poor and vulnerable groups. Entrusting capital from the local budget is a responsibility and also a practical solution to support people. Therefore, every year, the district includes this content in the socio-economic development plan and allocates appropriate resources. The locality also always closely coordinates with banks and associations to ensure that capital goes to the right place, the right people, and maximizes efficiency.”

In the coming time, implementing Directive 39-CT/TW dated October 30, 2024 of the Secretariat and Plan 277-KH/TU dated February 12, 2025 of the Provincial Party Committee on improving the effectiveness of social policy credit in the new period, the Transaction Office of the Social Policy Bank of Tuy An district will continue to advise the District Party Committee and the District People's Committee on the annual allocation of entrusted capital. By 2030, the district's entrusted capital will reach 15% of the total policy credit capital in the area.

“With a solid foundation from the achieved results, along with the attention of the Party Committee and government, the synchronous coordination of associations and organizations and the support of the people, social policy credit in Tuy An will continue to promote its role as a “support” for poor households and policy beneficiaries, contributing to the development of Tuy An district,” affirmed Mr. Nguyen Van Tue.

Source: https://baophuyen.vn/tin-dung-chinh-sach-xa-hoi/202505/phat-huy-hieu-qua-nguon-von-uy-thac-dia-phuong-8e0495a/