Maximizing the effectiveness of policy credit loans.

In early April 2026, the Chairman of the Provincial People's Committee issued Plan 175/KH-UBND to implement Decision No. 1560-QD/TTG, dated July 18, 2025, of the Prime Minister on the issuance of the Plan to implement Directive No. 39-CT/TW, dated October 30, 2024, of the Central Party Secretariat on improving the effectiveness of social policy credit in the new period. This plan concretizes the tasks and solutions for effectively implementing Directive No. 39-CT/TW of the Party Central Committee, Decision No. 1560/QD-TTg of the Prime Minister, and Plan No. 54-KH/TU of the Provincial Party Standing Committee, aiming to raise awareness and responsibility among relevant agencies, organizations, and individuals regarding the role, position, and importance of social policy credit, effectively carrying out key tasks in socio-economic development, and contributing to the successful implementation of the resolutions of the Party Congresses at all levels for the 2025-2030 term and the following term.

• Agreement signed to support farmers and women in accessing credit.
• Policy credit funds reach the right recipients.
• Ca Mau province has requested the central government to supplement policy credit funds and expand the scope of eligible beneficiaries.

Current status of policy credit implementation

In the first months of 2026, the province's policy credit lending reached over 1,318 billion VND, with more than 24,000 borrowers and a disbursement rate of over 96%. To date, the total outstanding loan balance of the Social Policy Bank (NHCSXH) of the province has reached 9,220 billion VND, with more than 231,000 borrowers. Policy credit is growing well, with the allocated capital increasing by 1,146 billion VND compared to the beginning of the year.

The Vietnam Bank for Social Policies (NHCSXH) of Ca Mau province held a meeting with representatives of loan groups.

The disbursement of loan funds was carried out effectively by local authorities, ensuring loans were granted in accordance with policies and to the correct beneficiaries. For example, at the Vinh Loi Branch of the Vietnam Bank for Social Policies, the total allocated capital for the year was 57,500 million VND; 33,491 million VND was disbursed, reaching 58.24% of the plan. Of this, 448,973 million VND came from central government funds and 62,574 million VND from local government funds.

Ms. Pham Anh Nguyet, Director of the Vinh Loi Branch of the Vietnam Bank for Social Policies (VBSP), said that the unit has implemented 16 credit programs simultaneously. Typical programs that have achieved high effectiveness include: loans for poor households, near-poor households, newly-escaped-poverty households, students from disadvantaged backgrounds, job creation, clean water and sanitation... These programs promptly help people obtain capital for investment in farming, production, or business, gradually developing the economy . Currently, the total outstanding loan balance is over 490 billion VND, an increase of nearly 40 billion VND compared to the beginning of the year; with 10,800 households borrowing capital; the average outstanding loan is 45 million VND.

On the 14th of each month, officials from the Vietnam Bank for Social Policies (VBSP) will work with loan groups and individual borrowers to collect savings interest and disburse new loans. Borrowers not only gain access to capital but also receive information on preferential interest rates, new credit programs, and guidance on using loan funds for their intended purpose.

For example, in Ly Van Lam Ward, the transaction point managed by Ms. Ngo Diem Trinh, a credit officer in charge of the area (Cà Mau Provincial Branch of the Vietnam Bank for Social Policies), handles loans and debt collection for 8 hamlets, 15 savings groups, and over 1,200 borrowing households, with credit quality assessed as quite good.

The people were delighted.

In Vinh Loi commune, the policy credit program has been proving effective . Mr. Nguyen Hong Le, from Tra Ban 2 hamlet, Vinh Loi commune, shared: “I borrowed 90 million VND from the Social Policy Bank to invest in breeding cows. Thanks to the low interest rate, farmers are relieved of some worries and can work and produce with peace of mind.”

Many households, initially facing significant hardship, have not only escaped poverty but also become relatively well-off thanks to loans from policy credit programs. A prime example is the household of Mr. Ong Van Ut in Xeo Chich hamlet, Vinh Loi commune. Using borrowed capital to invest in livestock farming, crop cultivation, and rice cultivation, by the end of 2025, Mr. Ut had built a spacious house worth over 600 million VND and owned a cattle barn worth several hundred million VND.

The cucumber farming model has improved livelihoods in Vinh Loi commune.

Similarly, in Phong Thanh commune, with a project supporting community production development from the national target program for sustainable poverty reduction, after more than 3 months of implementation, all models have yielded profits.

Mr. Tran Van Duc, from Go Muong hamlet, Phong Thanh commune, said: "My family received support in the form of civet breeding stock. After 4 months of raising them, they produced 2 offspring. The current market price for a civet baby is about 4 million VND. My family plans to continue expanding the herd and raising civets to sell breeding stock."

This is the civet farming model of Mr. Tran Van Duc, Go Muong hamlet, Phong Thanh commune.

Mr. Luong Chi Nguyen, Vice Chairman of the People's Committee of Phong Thanh commune, assessed: "The initial results of the models are relatively positive, with many livestock farmers successfully expanding their herds. The people are delighted to have access to loan capital or receive support in terms of breeding stock, gradually escaping poverty and developing their economy."

The role of socio- political organizations

Currently, the province has 260 socio-political organizations participating in entrusted policy credit activities with the Vietnam Bank for Social Policies (VBSP). These entrusted organizations are responsible for disseminating the Party and State's policies and laws on preferential credit for the poor and other policy beneficiaries; mobilizing the establishment and management of savings and loan groups; and coordinating with lenders to carry out tasks related to the lending process, loan management, debt handling, and improving the quality of credit operations.

Regarding the effectiveness of policy credit, Mr. Nguyen Thanh Dong, Deputy Director of the Provincial Branch of the Vietnam Bank for Social Policies (VBSP), said: "VBSP closely coordinates with localities and relevant units to implement social policy credit lending covering 100% of hamlets and villages in the area; organizes public loan application reviews at the grassroots level; organizes transactions with customers at transaction points; regularly guides and supports people with loan applications and investment capital to develop production and business, increase income, and contribute to promoting socio-economic development and sustainable poverty reduction in the locality."

Model of cattle breeding in Hamlet 10, Phong Thanh Commune.

Coordinating with socio-political organizations mobilizes the combined strength of the entire political system, from the central to local levels, to deliver state-funded policy credit to millions of poor people and other policy beneficiaries, helping them to use loans effectively, increase their income, and stabilize their lives. This aims to reduce poverty, improve the quality of social policy credit, and implement national target programs.

Kim Phuong - Minh Hai

Source: https://baocamau.vn/phat-huy-hieu-qua-von-vay-tin-dung-chinh-sach-a128269.html