Policy credit transaction points are maintained to facilitate people's access to preferential loans from the State.
Focusing resources on sustainable poverty reduction.
Cao Bang is a mountainous border province with a fragmented terrain, limited educational levels, a high percentage of villages classified as extremely difficult areas, and a significant number of poor households, posing numerous challenges for Party committees and authorities throughout the province. Recognizing sustainable poverty reduction as a key political task, the province has implemented many comprehensive solutions to effectively carry out the national poverty reduction program. This includes focusing on mobilizing and investing policy credit funds to support the people, especially ethnic minorities, thereby achieving positive results.
According to a report by the People's Committee of Cao Bang province, to date, along with other resources, policy-based capital has significantly contributed to reducing the poverty rate in the province by 4.67% by the end of 2024. In 2025, the province aims to reduce the poverty rate by 4% or more, with the poverty rate among ethnic minorities decreasing by at least 4%, and more than 5,150 households escaping poverty by the end of 2025.
According to Nguyen Quang Thinh, Secretary of the Party Branch and Director of the Social Policy Bank of Cao Bang province: As of November 30th, the unit's total implemented capital reached VND 5,080 billion, an increase of VND 411.6 billion compared to 2024. This includes VND 961.9 billion from entrusted funds from the local budget and over VND 400 billion mobilized from organizations and individuals, an increase of VND 48.6 billion compared to the previous year. In addition, the total outstanding loan balance for 20 credit programs is VND 5,050.3 billion, achieving 99.9% of the growth target for 2025, with 61,254 customers still having outstanding loans, accounting for 47.23% of the total households in the province.
The increase in outstanding loans compared to 2024 was mainly due to several programs such as: supporting job creation, maintenance and expansion (VND 637.9 billion); loans under Decree No. 28/2022/ND-CP (VND 84.5 billion); loans for clean water and rural sanitation (VND 71.6 billion); loans for people who have completed their prison sentences (VND 2.8 billion); and loans for students studying STEM fields (VND 320 million).
These results clearly reflect the consistent and steady flow of policy credit throughout disadvantaged villages, reaching the right poor households and policy beneficiaries, becoming an effective tool in the sustainable poverty reduction and rural development efforts in the mountainous border region of Cao Bang.
Nguyen Quang Thinh, Director of the Social Policy Bank of Cao Bang province, personally led credit officers in visiting and presenting gifts of compassion to people affected by natural disasters and floods.
Nguyen Quang Thinh, Director of the Social Policy Bank of Cao Bang province, affirmed that the most favorable point is that local Party committees and authorities always pay attention to the poverty reduction program and create conditions for policy credit to operate effectively.
In response to the close guidance and support from the higher-level bank and local leaders, the coordination of entrusted socio-political organizations, and the diligent efforts of credit officers, the Cao Bang Social Policy Bank, from its inception in 2003 to the present, has not only established a unique and effective management model but has also implemented a series of appropriate solutions. These include focusing on mobilizing large capital resources, promptly transferring preferential state funds and entrusted funds from the local budget to villages and hamlets, and providing loans to eligible beneficiaries.
Simultaneously, the Cao Bang Social Policy Bank prioritizes improving credit quality, directing its subordinate branches to implement operational procedures and processes, improving the quality of transactions at the commune level, the operation of the Savings and Loan Group network, and debt handling. It also closely coordinates with socio-political organizations to organize training, provide technical assistance, and guide people on how to do business and use borrowed capital effectively and for the right purposes. As a result, many borrowers have repaid their loans to the bank in full and on time, achieving sustainable poverty alleviation. This is why the Social Policy Bank's non-performing loan ratio remains low at 0.11%, and overdue loans account for only 0.06% of the total outstanding loans. 22 out of 56 communes have no overdue loans, and 2019 out of 2109 Savings and Loan Groups (95.7% of the total Savings and Loan Groups) have no overdue loans.
In particular, the Cao Bang Social Policy Bank has actively advised local leaders on the implementation of Directive 40-CT/TW of the Party Central Committee on strengthening the Party's leadership over social policy credit. As a result, the local budget funds entrusted to the Social Policy Bank have steadily increased year by year, both enhancing the operational capacity of social policy credit and providing poor households and ethnic minority households with preferential capital to proactively engage in production and rise out of poverty.
For example, the family of Ms. Nong Thi Lan, from Phia Hong hamlet (part of the newly merged Trung Khanh commune), was previously classified as a poor household, facing significant hardship and relying on government assistance during lean months. Despite owning a large area of cultivated land, they lacked initial capital to leverage production development. In 2022, with guidance from the Phia Hong hamlet loan group, Ms. Lan's family borrowed 100 million VND under the poverty alleviation loan program from the Trung Khanh branch of the Social Policy Bank to invest in family economic development. She used the loan to purchase buffaloes and cows for fattening and breeding. Thanks to her diligence and hard work, the herd thrived, bringing in hundreds of millions of VND in income annually. Based on these initial results, Ms. Lan's family expanded their livestock farming model, investing in a fish pond covering over 600m² , planting an additional 7,000m² of tobacco, and building a tobacco drying facility. To date, her family owns nearly 10 buffaloes and cows, their fish farm is thriving, and their tobacco crop is ready for harvest, with an expected income of approximately 300 million VND in 2025.
Credit officers regularly visit the grassroots level to guide people in using the loan capital effectively for production investment.
Similarly, the family of Ms. Dinh Thi Thom, from Xuan Thanh hamlet, formerly Tien Thanh commune (now Thach An commune), used a loan from the Quang Hoa branch of the Social Policy Bank to invest in barns, buy buffaloes and sows, and develop livestock farming. Through diligence, learning and accumulating experience in caring for and preventing diseases in livestock, and continuously reinvesting in livestock development, their farming business has begun to yield results. "My family has developed a herd of 11 sows, selling 2-3 batches of market pigs each year, totaling over 100 pigs. After deducting expenses and labor, our family earns about 150-200 million VND per year, making our lives more comfortable," Ms. Thom shared.
Maintaining the flow of policy capital in Cao Bang
Since its establishment 23 years ago, the flow of policy credit capital has been consistently smooth throughout Cao Bang province. Notably, after 150 days of merging and expanding commune-level administrative units, the Cao Bang Social Policy Bank has promptly adapted, integrated, and stabilized the flow of policy credit. According to Deputy Director of the Cao Bang Social Policy Bank, Dang Trung Hong: All 9 branch offices and 161 commune-level transaction points that were previously retained and renamed according to the new administrative units continue to serve poor households and policy beneficiaries, ensuring convenient and effective access to policy loans.
The transaction points of the Social Policy Bank in Cao Bang province are maintaining smooth operations.
The staff and workers involved in the operation and management of policy credit in Cao Bang province continue to work closely with the grassroots, diligently delivering preferential state capital to villages and neighborhoods in a timely manner, and wholeheartedly assisting people in using loan capital to invest in production and business development by providing "on-site application processing and disbursement at the commune level." Simultaneously, the transaction offices have improved the operational quality of 2,117 savings and loan groups, proactively coordinating closely with the People's Committees of the newly merged communes and wards, and entrusted socio-political organizations to accurately and fully inform them about the new transaction locations, fixed transaction schedules, and transaction times of the Social Policy Bank after the merger. This has helped the management boards of the savings and loan groups and customers to conduct transactions on time and as scheduled.
Building on its achievements, the Social Policy Bank of Cao Bang province, with its perseverance and dedication to the poor and policy beneficiaries, continues to effectively implement Directive No. 39/CT/TW dated October 30, 2024, of the Party Central Committee on improving the effectiveness of social policy credit in the new period. It focuses on mobilizing all resources, maintaining a smooth and timely flow of social policy credit, becoming a "lever" to help ethnic minorities engage in production and business, contributing to sustainable poverty reduction, gradually enriching the community, ensuring social security, and building new rural areas in the mountainous border region of Cao Bang.
Dong Du
Source: https://nhandan.vn/tin-dung-chinh-sach-hanh-trinh-23-nam-giup-dong-bao-dan-toc-cao-bang-vuot-kho-post929239.html
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