Mr. Le Minh Loc, Director of the Ninh Thuan Provincial Bank for Social Policies (BSP) branch, said: In order to supplement capital sources and proactively implement the Government's preferential credit policy lending programs, during its operation, the Representative Board - Board of Directors of the Provincial Bank for Social Policies regularly advises on promoting the implementation of the plans of the Provincial Party Committee and the Provincial People's Committee. In addition, it strengthens the direction of the Bank for Social Policies transaction offices at all levels to actively coordinate with the finance and planning agencies, advise the People's Committee to submit to the People's Councils at all levels to review the balance and arrange capital transferred to the Bank for Social Policies. In particular, after the issuance of Directive No. 40-CT/TW dated November 22, 2014 of the Secretariat on strengthening the Party's leadership over credit for social policies, local budget capital entrusted to the bank has increased over the years.
As of May 31, 2025, the capital entrusted from the local budget reached 201 billion VND, an increase of 50.5 billion VND compared to 2024, completing 101% of the assigned plan. In addition, in order to mobilize financial resources to achieve many results, the branch of the Vietnam Bank for Social Policies always closely follows the goals and orientations of the Central Bank for Social Policies and flexibly applies mechanisms and policies on capital mobilization in accordance with regulations for implementation, contributing to reducing subsidies for the state budget. From the additional capital, the entrusted associations and organizations, the People's Committees of the communes coordinate with the bank to organize the review of loan recipients to ensure compliance with regulations, speed up the disbursement progress according to the assigned targets; thanks to that, the lending programs are implemented continuously and stably, with a total outstanding debt of 4,052 billion VND, with more than 83,000 customers with outstanding debt, an increase of 235 billion VND compared to the beginning of the year.
Along with the lending process, the linkage of social credit with activities supporting science and technology transfer has been paid attention to and focused on; most households that borrowed capital have changed their awareness and used capital for the right purposes. A typical example is the household of Mr. Duong Quang Sang, Binh Nghia village, Bac Son commune (Thuan Bac), after receiving a loan of 100 million VND from the credit program to support job creation, maintain and expand employment, he invested in barns, planted 2 sao of grass to raise 7 cows and 40 goats; income from livestock farming has significantly improved family life. At the same time, credit quality has been maintained stably; the work of handling risky debts and collecting due debts has been regularly and effectively carried out by the Social Policy Bank in coordination with associations, unions, and local authorities; inspection and supervision work has been strengthened, ensuring that investment capital is focused and key.
Despite achieving positive results, however, the current demand for loans to expand production and create jobs for poor households and policy beneficiaries in the province is still very large, but the capital entrusted by the locality through the provincial branch of the Bank for Social Policies is still low compared to the whole country.
To contribute to the completion of the local budget capital entrustment plan of 6-8% in 2025, the provincial branch of the Bank for Social Policies continues to advise and effectively implement Directive No. 39-CT/TW dated October 30, 2024 of the Secretariat on improving the effectiveness of social policy credit in the new period. The focus is on increasing the additional resources entrusted from the local budget; focusing on directing the effective implementation of capital mobilization targets, associated with accelerating the disbursement of timely and effective loan programs, towards gradually completing the goal of sustainable poverty reduction, ensuring social security and building new rural areas.
Hong Lam
Source: https://baoninhthuan.com.vn/news/153752p25c151/quan-tam-bo-tri-nguon-von-uy-thactu-ngan-sach-dia-phuong.htm
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