Continue to implement solutions to improve the efficiency of policy credit capital.

BAC GIANG - On the morning of June 5, the Board of Directors of the Vietnam Bank for Social Policies held a national online conference with representatives of the Board of Directors of social policy banks at all levels. Comrade Nguyen Thi Hong, member of the Party Central Committee, Governor of the State Bank of Vietnam, Chairwoman of the Board of Directors of the Vietnam Bank for Social Policies chaired the meeting.

At the Bac Giang provincial bridge, comrade Phan The Tuan, Vice Chairman of the Provincial People's Committee, Head of the Representative Board of the Provincial Social Policy Bank chaired. Also attending were representatives of relevant agencies in the province.

Comrade Phan The Tuan chaired at the Bac Giang province bridge point.

In the first 5 months of 2025, closely following the direction of the Secretariat, the Government, the Prime Minister, and the State Bank of Vietnam, the Board of Directors of the Vietnam Bank for Social Policies has well implemented the political tasks assigned by the Party and the State, ensuring effective and safe operations.

As of May 31 this year, total lending turnover reached over 67.3 trillion VND. Total outstanding policy credit reached over 389 trillion VND, an increase of over 21.7 trillion VND compared to the previous year. Local budget capital entrusted to the Vietnam Bank for Social Policies reached over 61 trillion VND.

Since the beginning of the year, social policy credit capital has supported investment in production and business, creating jobs for more than 404,000 workers; nearly 13,400 students in difficult circumstances have borrowed money to study; built more than 751,000 clean water and sanitation works in rural areas...

Thereby contributing to ensuring social security, effectively implementing national target programs on sustainable poverty reduction, building new rural areas and developing the socio -economy of ethnic minorities and mountainous areas.

In Bac Giang province, in the first 5 months of this year, policy credit activities achieved encouraging results with loan turnover of more than 1 trillion VND. Total outstanding loans were more than 8.1 trillion VND, an increase of 360 billion VND compared to 2024. Credit quality was guaranteed, and deposit mobilization through organizations and individuals achieved good results.

Discussing at the conference, opinions were raised, implementing the Central's direction on arranging administrative units at district and commune levels, in the future there will be no more representative boards of social policy banks at district level, therefore, it is proposed that the Central, ministries and branches continue to pay attention to and maintain the network system of social policy banks at the grassroots level, maintain the current transaction office system to help people access loans conveniently, promote socio-economic development, and stabilize life.

Maintain the transaction model at the commune level with a regular schedule. Consider the transaction point model in clusters of villages so that people do not have to go far when doing loan procedures.

Mr. Pham Van Nghi, Vice Chairman of the People's Committee of Hiep Hoa district, Head of the Board of Directors of the District Social Policy Bank, proposed to consider increasing the number of transaction sessions in a commune to multiple sessions to promptly meet the sudden loan needs of the people. At the same time, continue to strengthen training and professional training for the team of officials and leaders of the commune-level government to improve credit quality...

Speaking at the conference, comrade Nguyen Thi Hong requested that in the coming time, in order to continue improving the efficiency of social policy credit capital, the Board of Directors of the Vietnam Bank for Social Policies will advise the Government, ministries, central agencies, local Party committees and authorities at all levels to organize the implementation of Directive No. 39-CT/TW dated October 30, 2024 of the Central Party Secretariat on improving the efficiency of social policy credit in the new period.

Coordinate with the Ministry of Finance, the Government Office and relevant ministries and branches to report and submit to the Government and the Prime Minister to propose to the National Assembly to allow the use of debt recovery funds of a number of programs funded by the central budget that have expired to lend to other social policy credit programs.

The Board of Directors of the Vietnam Bank for Social Policies proposed to the Ministry of Finance and relevant ministries and branches to report and submit to the Prime Minister for assignment to supplement the State's development investment credit plan for 2025 to increase from 8% to 10% for lending for a number of newly issued credit policies.

Continue to effectively implement inspection and supervision work, ensuring that customers use loans for the right purposes and to the right subjects; urge the collection of due debts, overdue debts, and debts of customers who have left their place of residence.

Strengthen and improve credit quality, manage and handle risky debts, remove some difficulties and obstacles in the process of implementing lending credit programs when merging some provincial and commune-level units, not organizing at district level, perfecting related mechanisms in the process of implementing activities to submit to competent authorities for consideration and approval...

Social Policy Banks of provinces and cities mobilize deposits from organizations and individuals in accordance with instructions to promptly meet capital needs for disbursement of policy credit programs, ensuring liquidity of the entire system. Actively and proactively advise local Party committees and authorities to focus on balancing and arranging local budgets for entrustment through banks; develop a roadmap for arranging entrusted local budget capital, ensuring the target of reaching at least 15% of the total capital by 2030 according to instructions...

News and photos: Minh Linh

Source: https://baobacgiang.vn/tiep-tuc-thuc-hien-cac-phai-phap-nang-cao-hieu-qua-von-tin-dung-chinh-sach-postid419562.bbg