To meet the development requirements in the new context, on October 30, 2024, the Central Party Secretariat issued Directive No. 39-CT/TW on improving the effectiveness of policy credit in the new period (hereinafter referred to as Directive 39). This is considered one of the important solutions of the Party and the State to ensure the goal of becoming a high-middle-income country by 2030 and a high-income country by 2045.
The Social Policy Bank system quickly implemented Directive 39 to all eligible beneficiaries.
Directive 39 was issued, clearly affirming the role and responsibility of Party committees, government agencies, the Fatherland Front, and socio- political organizations in implementing and improving the effectiveness of grassroots credit, while also linking it to the socio-economic development planning of localities. The directive also emphasizes expanding the scope, scale, target groups, and increasing loan amounts and terms to suit the actual situation, especially in supporting those affected by natural disasters, epidemics, poor students, and other emergency cases. At the same time, it requires the highest preferential rates for poor households, ethnic minority households, disadvantaged areas, ethnic minority and mountainous regions; followed by near-poor households and newly-escaped-poverty households; and other policy beneficiaries.
To put Directive 39 into practice, on January 6, 2025, the Provincial Party Standing Committee issued Action Program No. 75-CTr/TU. Subsequently, on February 10, 2025, the Provincial People's Committee developed Plan No. 544/KH-UBND to implement the Action Program, aiming to concretize the Directive with the goal of effectively implementing the organizational model and management methods of the specific Social Credit Program; and strengthening resources for the Social Credit Bank to implement Social Credit Programs.
Specifically, the plan aims to achieve an average annual growth rate of approximately 10% in state-funded development investment credit; to structure capital sources towards stability and sustainability, with local budgets entrusting loans accounting for approximately 15-20% of the overall credit outstanding growth of the Social Policy Bank annually; and to ensure that by 2030, the proportion of local budget funds transferred to the bank accounts for 15% of the total operating capital of the Social Policy Bank in the area; 100% of poor people and other eligible policy beneficiaries with needs will have access to financial products and services provided by the Social Policy Bank; and the overdue loan ratio will be below 1% of the total outstanding loan balance...
As soon as the program and plan were in place, all levels, sectors, and localities in the province focused on leading, directing, disseminating, and thoroughly implementing the Party's guidelines and policies, and the State's laws on social credit, creating a high level of consensus in understanding the position and role of social credit. To achieve the objectives, the Social Credit Bank system in the province, playing a leading role, advised the Party committees and local authorities to implement Directive No. 39, focusing on strengthening the mobilization of resources for social credit. Through this, credit capital continued to be invested in the right beneficiaries, bringing practical benefits to poor households and other policy beneficiaries, especially in difficult areas, making an important contribution to poverty reduction, job creation, and income improvement for local workers so that "no one is left behind".
Mr. Nguyen Duc Ha's household in Van Thang area, Dong Luong commune, Cam Khe district, received a loan of 78 million VND from the clean water and job creation program. The family then invested in raising breeding pigs, which yielded high economic returns.
In just a short time since the implementation of Directive 39, the growth rate of social credit in the province has reached 4.23%, with local capital entrusted to the Social Credit Bank for lending reaching VND 175.5 billion, and the overdue loan rate at 0.11%. The total outstanding credit balance currently stands at VND 6,639.7 billion with 113,407 customers still having outstanding loans. Social credit programs not only help people escape poverty but also contribute to building new rural areas and sustainable socio-economic development.
Comrade Truong Viet Phuong – Director of the Provincial Branch of the Social Policy Bank – affirmed: The viewpoints in Directive 39 are creative and profoundly humane; they are not only a tool to support economic development, but also closely linked to the goal of building a just and progressive society. Social policy credit helps people become self-reliant in production development and improve their lives, thereby creating fairness and effectively reducing poverty. In the coming time, the Provincial Social Policy Bank will continue to promote the implementation of Directive 39, aiming to further bring preferential credit policies into practice. It will proactively coordinate with relevant departments and agencies, advise local Party committees and authorities, and lead and direct the dissemination of the content of Directive 39 to all Party members, officials, and the people, in order to raise awareness of the position and role of social policy credit and the responsibility of political and social organizations in implementing credit programs.
Phuong Thao
Source: https://baophutho.vn/tin-hieu-kha-quan-tu-chi-thi-39-229929.htm
Comment (0)