Work improvement initiatives contribute to effective implementation of policy credit

Meeting on entrusted activities between the Transaction Office of the Social Policy Bank of Vinh Linh district and local associations and organizations - Photo: ML

In the past time, the staff of the Vinh Linh District Social Policy Bank Transaction Office have implemented many initiatives and work improvements that have been recognized by the Vietnam Social Policy Bank Initiative Council. What is special is that the work improvement initiatives of the staff of the unit have been effectively applied in practice, contributing to the effective implementation of the social policy credit program in the area. One of the initiatives that has been effectively applied at this transaction office is the "Solutions for mobilizing personal savings deposits at the Vinh Linh District Social Policy Bank Transaction Office".

Accordingly, the transaction office leaders assigned targets for mobilizing personal deposits to each officer; organized the assignment and launched emulation campaigns for mobilization work to the savings and loan groups (TK&VV), oriented the growth of personal savings to the TK&VV groups; transaction office officers mobilized idle capital from compensation for site clearance... The results of this program implementation are one of the bases for the unit to consider emulation and annual rewards.

The effectiveness of the initiative is that the data on the personal savings contract is calculated in accordance with the actual local situation and is highly feasible. With the motto "small savings make a big difference", the unit mobilizes long-term savings, small amounts of money are maintained stably, the method of contract assignment and settlement creates motivation for bank staff and entrusted associations and organizations to participate.

The entire unit's staff is proactive in monitoring the daily assigned mobilization targets, while actively grasping the area, coordinating the mobilization organization in localities where compensation arises, areas in the harvest season... Credit officers base on the direction assigned to the Savings and Credit Group to remind and mobilize members, thereby forming the habit of capital mobilization for the group leader and the commune-level association and mass organization, and the participation of the government in the work of mobilizing personal savings.

This is reflected in the savings mobilization balance of the transaction office, reaching 92.3 billion VND by the end of February 2025. The personal mobilization balance is stable, the proportion of items with a mobilization period of 12 months accounts for 77% of the mobilized items. In addition, the savings capital through the Savings and Credit Group reached nearly 19.2 billion VND, reaching 100% of the set plan.

"The district transaction office always grasps the situation at the grassroots level to propagate mobilization, besides always publicly announcing mobilization interest rates at the bank's headquarters and commune transaction points promptly and in accordance with regulations," said Mr. Thieu Quang An, Director of the Transaction Office of the Social Policy Bank of Vinh Linh district.

Or with the "Solutions to strengthen the Party's leadership over social policy credit according to Directive No. 40-CT/TW, dated November 22, 2014 and Conclusion No. 06-KL/TW, dated June 10, 2021 of the Central Party Secretariat in the district", the Transaction Office has advised local Party committees and authorities on activities to clearly define its tasks in implementing policy credit, joining hands to mobilize financial resources to create capital sources, and effectively organize the implementation of policy credit programs in the area.

As for the initiative "Some solutions to improve the efficiency in monitoring and collecting debts due for the social housing loan program" after being recognized by the Vietnam Bank for Social Policies Initiative Council, the Vinh Linh District Bank for Social Policies Transaction Office has applied it to the actual operations of the unit.

Thanks to that, the management of social housing loans is more effective, the responsibility of staff is clearly assigned, and overdue debts do not arise, affecting the credit quality at the transaction office. Help the commune-level entrusted associations and unions and the Savings and Credit Team to be proactive and responsible in urging customers to fulfill their obligations to repay debts on time; borrowers are proactive in paying debts. Credit officers are proactive in managing debt collection and implementing revolving loans.

Director of the Transaction Office of the Social Policy Bank of Vinh Linh District, Thieu Quang An, shared: The leaders of the transaction office are always active and proactive in advising the local Party Committee, government and the Board of Directors of the Social Policy Bank of the district in effectively implementing preferential credit policies and guidelines. This is clearly demonstrated through the capital entrusted for investment in the locality to date of more than 5.7 billion VND, reaching 100% of the plan.

By the end of February 2025, the total outstanding loan balance of the transaction office reached VND 805 billion, with 9,749 households with outstanding loans, of which 700 households borrowed capital from social credit programs and escaped poverty. The whole district has 264 credit and loan accounts.

Average outstanding debt is over 3 billion VND/TT&VV group, 100% of groups are classified as good. Currently, the unit is continuing to improve and change substandard TK&VV groups, drastically implementing the assignment and settlement of loans for each group; 100% of TK&VV group leaders, village heads, associations, and commune-level organizations; members of the representative board are proficient in using apps related to policy credit management and VBSP - Smartbanking services.

Along with the method of entrusting through associations and organizations, the role of the village chief is to participate in witnessing the evaluation of loan objects from the grassroots level, supervising the process of using capital by borrowers, coordinating with associations, organizations and the management board of savings and credit groups to handle existing problems and difficulties at the grassroots level,... contributing greatly to policy credit activities in the area.

According to Vice Chairman of Vinh Linh District People's Committee Nguyen Thien Tung, the results achieved in recent years have affirmed the role of social credit in the socio-economic development of the district. Policy credit capital has actively contributed to the implementation of the national target of sustainable poverty reduction, new rural construction, and ensuring social security in the area.

In particular, the social credit capital has contributed to fundamentally changing the perception from granting free loans to borrowing with repayment, raising the sense of responsibility of borrowers in using capital. The effectiveness of the social credit capital source has affirmed the correctness and effectiveness in maintaining and developing the organizational model, credit management methods with the superiority and unique characteristics of the social policy bank, different from local credit institutions.

Mai Lam

Source: https://baoquangtri.vn/sang-kien-cai-tien-cong-viec-gop-phan-thuc-hien-hieu-qua-tin-dung-chinh-sach-192555.htm