Preferential credit maintains a stable flow

From 15 commune-level administrative units, after the merger, Duc Trong district (old) was reduced to 6 commune-level administrative units, including the communes: Hiep Thanh, Duc Trong, Tan Hoi, Ninh Gia, Ta Hine and Ta Nang. Although the number of commune-level administrative units has changed, the organizational model and policy credit management method of the Transaction Office of the Bank for Social Policies (BSP) Duc Trong continues to be maintained and developed stably.

Borrower K'Hoan in Tan Hoi commune talks about his family's use of loans from the Vietnam Bank for Social Policies

According to Mr. Le Dinh Nam - Director of the Duc Trong Social Policy Bank Transaction Office, keeping the old transaction points has helped borrowers not have to travel far, saving travel costs and time, while ensuring the safety of capital sources. Preferential credit activities have also maintained growth momentum. As of September 30, the total outstanding balance of policy credit programs of the Duc Trong Social Policy Bank Transaction Office was over VND 614 billion, with 11,149 loan customers, an increase of more than VND 71 billion compared to the same period in 2024, reaching over 99% of the assigned plan.

In Tan Hoi commune (merged from 3 communes N'Thon Ha, Tan Hoi, Tan Thanh), thanks to the good implementation of 13 preferential credit loan programs in Tan Hoi commune, 2,218 customers have received loans, with a total outstanding debt of more than 100 billion VND, an increase of over 13 billion VND. “We always aim to increase outstanding loans along with improving credit quality, and at the same time, the loan capital must be used for the right purpose, achieving clear economic efficiency. In the past time, the policy credit capital of the Duc Trong Social Policy Bank Transaction Office has contributed to supporting the local government to help 28 borrowers escape poverty sustainably. In addition, the preferential loan capital from the Duc Trong Social Policy Bank Transaction Office has also contributed to helping many poor households, near-poor households, and other policy households in Tan Hoi commune have more financial conditions to invest in coffee care, fruit trees, mulberry trees, as well as support study costs for students belonging to the above-mentioned subjects”, Mr. Pham Tuan Phuong - Vice Chairman of Tan Hoi Commune People's Committee shared.

According to the survey, immediately after implementing the 2-level local government model, the Lam Dong Provincial Social Policy Bank Branch directed transaction offices in Lam Dong province to urgently review commune transaction points, promptly adjust them to suit the new boundaries, creating maximum convenience for people to access capital quickly and to the right beneficiaries. Commune-level socio -political organizations such as the Farmers' Association, Women's Union, Veterans' Association, Youth Union... continue to accompany the Duc Trong Social Policy Bank Transaction Office through loan trust contracts and in managing, supervising, and supporting people to use capital effectively.

According to the assessment of the Duc Trong Social Policy Bank Transaction Office, out of 247 existing savings and loan groups, 238 savings and loan groups are classified as good (accounting for 96.35%), 7 savings and loan groups are classified as fair (accounting for 2.83%), only 2 savings and loan groups are classified as average (accounting for 0.8%). Mr. Huynh Van Thuan - Deputy General Director of Vietnam Social Policy Bank assessed: In the past time, the Duc Trong Social Policy Bank Transaction Office has done very well in policy credit activities in the old Duc Trong district. In the coming time, the Duc Trong Social Policy Bank Transaction Office will continue to closely coordinate with the People's Committees of communes to support the confirmation of loan records and procedures, ensuring that no administrative problems arise, as well as coordinate with authorized organizations to clearly announce transaction schedules... so that people can easily grasp, ensuring smooth and safe transactions. “Loans must be linked to effective models. Therefore, socio-political organizations need to organize training and guidance for borrowers on techniques and care for crops and livestock so that the economic development model can be practically effective in reducing poverty and ensuring social security,” Mr. Huynh Van Thuan emphasized.

The total outstanding loan balance of the Duc Trong Social Policy Bank Transaction Office in the first 9 months of 2025 reached more than 599 billion VND, with 11,117 loan customers, from 247 savings and loan groups.

Source: https://baolamdong.vn/tin-dung-uu-dai-duy-tri-mach-chay-on-dinh-395050.html