Summary of 10 years of implementing Directive No. 40-CT/TW on strengthening the Party's leadership over policy credit

This morning, August 7, the Quang Tri Provincial Party Committee held a conference to review 10 years of implementing Directive No. 40-CT/TW, dated November 22, 2014 of the Secretariat of the 11th Party Central Committee on strengthening the Party's leadership over policy credit (Directive 40). Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee Vo Van Hung; Deputy General Director of the Vietnam Bank for Social Policies (VBSP) Nguyen Duc Hai; Chairman of the Vietnam Fatherland Front Committee of the province Dao Manh Hung; and members of the Provincial Party Committee's Standing Committee attended.

Chairman of the Provincial People's Committee Vo Van Hung awarded certificates of merit from the Provincial Party Standing Committee to 5 collectives with many achievements in organizing the implementation of Directive 40 - Photo: TT

28,322 households overcome poverty threshold thanks to policy credit capital

After 10 years of implementing Directive 40 and related documents, the awareness and actions of Party committees, authorities, socio -political organizations (CT - XH), cadres, party members and people have been profoundly changed in promoting the implementation of social credit. Party committees, authorities, departments, branches and organizations at all levels have created favorable conditions for the VBSP Quang Tri branch to well perform assigned tasks through integrating socio-economic development programs, agricultural and industrial promotion programs... to arrange and supplement entrusted capital for loans and confirm loan subjects.

Implementing the policy of diversifying resources for implementing social credit, along with balanced capital from the central government, the Provincial Party Committee, People's Council and People's Committee have paid attention to directing the mobilization and concentration of financial resources to meet the borrowing needs of the poor and other policy beneficiaries.

The Fatherland Front and socio-political organizations at all levels have paid attention, directed, and coordinated well with the Vietnam Bank for Social Policies in implementing social credit programs. They have strengthened inspection and supervision, guided borrowers to use capital effectively, and done a good job of propagating the Party and State's policies and guidelines on social credit.

After 10 years of implementing Directive 40, the total outstanding debt of the whole province reached more than 5,000 billion VND, an increase of nearly 3,400 billion VND compared to 2014 with a growth rate of over 200%, an average annual increase of 20%, covering 125 communes, wards and towns with 1,856 savings and credit groups; there are 76,959 poor households and other policy beneficiaries with outstanding debt, accounting for 42.3% of the total number of households in the province.

Policy credit has helped 28,322 households overcome the poverty line, nearly 10,000 students in difficult circumstances have received loans to study, 31,092 households have received loans to create new jobs. More than 161,000 clean water and rural environmental sanitation projects have been built, 384 households have received loans to work abroad, more than 2,100 poor households have received loans to build houses, and more than 1,300 low-income households have received loans to build houses.

Policy credit capital has been highly effective, contributing to narrowing the gap between rich and poor, developing the economy, stabilizing political, cultural and social security, and building new rural areas in the locality.

During this period, policy credit programs have helped more than 20,000 ethnic minority households get acquainted with borrowing capital for production and business, generating income, thereby improving production and business skills and capital management. Through the use of policy credit capital, awareness has changed, helping ethnic minorities become confident and gradually increase their position in society.

In addition to the achieved results, the report evaluating 10 years of implementing Directive 40 also pointed out limitations, difficulties, and obstacles, analyzing subjective and objective causes.

To continue effectively implementing Directive 40 in the coming time, the Provincial Party Committee Standing Committee requests Party committees, Party organizations, authorities, the Vietnam Fatherland Front and socio-political organizations at all levels to continue to enhance their roles and responsibilities for social credit. Complete legal documents, mechanisms and policies related to social credit. Arrange and mobilize resources to implement social credit to better meet the borrowing needs of poor households and policy beneficiaries. Continue to improve the capacity and operational efficiency of the Provincial Social Policy Bank Branch.

The conference received 17 comments, including 5 comments in the hall from units, localities and individuals that vividly illustrated the practical picture at the local level in implementing Directive 40.

The presentations and opinions all affirmed the key role and pillar of social credit in poverty reduction, new rural construction, ensuring social security, job creation, human resource development... At the same time, it is proposed that in the coming time, it is necessary to strengthen the leadership role of party committees and authorities at all levels in social credit, perfecting mechanisms and policies on mobilizing, managing and using financial resources, on subjects, locations, loan levels, loan interest rates...

Chairman of the Provincial People's Committee Vo Van Hung awarded certificates of merit from the Provincial Party Standing Committee to individuals with many achievements in organizing the implementation of Directive 40 - Photo: TT

Improve processes and procedures to make it easier for people to access policy credit capital.

Speaking at the conference, Deputy General Director of the Vietnam Bank for Social Policies Nguyen Duc Hai highly appreciated the process of organizing the implementation of Directive 40 of Quang Tri province, the creative ways of the locality and proposed to replicate. At the same time, he suggested practical issues, contributing to orienting activities for the province to continue to effectively implement Directive 40.

Deputy General Director of the Vietnam Bank for Social Policies Nguyen Duc Hai awarded certificates of merit from the Minister of Planning and Investment and certificates of merit from the President of the Vietnam Veterans Association to individuals and groups with outstanding achievements in implementing Directive 40 - Photo: TT

Vice Chairman of the Provincial People's Committee Hoang Nam awarded certificates of merit from the Chairman of the Provincial People's Committee to individuals with outstanding achievements in implementing Directive 40 - Photo: TT

Concluding the conference, Chairman of the Provincial People's Committee Vo Van Hung emphasized that social credit implemented through the Vietnam Bank for Social Policies has promoted the strength of the entire political system, leadership, direction, inspection and supervision have been strengthened. At the same time, it contributes to preventing usury and "black credit", especially in rural areas, which is one of the economic levers to help the poor and social policy beneficiaries have conditions to develop production and improve their lives.

In the coming time, Party committees and authorities at all levels need to continue to lead, direct and organize the effective implementation of Directive 40 and Conclusion No. 06, considering this a key and consistent task, the responsibility of the entire political system for social credit activities, contributing to the successful implementation of the national goal of sustainable poverty reduction and new rural construction.

Enhance the role, responsibility and operational efficiency of local Party committees and authorities at all levels and socio-political organizations in implementing social credit in the area. Focus on arranging and mobilizing resources to implement social credit to better meet the borrowing needs of poor households and policy beneficiaries.

In particular, it is noted that the Provincial People's Committee and the District People's Committee annually balance the local budget entrusted to the Vietnam Bank for Social Policies to supplement the loan capital source in the direction of the following year being higher than the previous year, striving that by 2030, the proportion of local budget capital sources accounts for at least 15% of the total policy credit capital sources implemented in the area, ensuring compliance with the goals set out in the Development Strategy of the Vietnam Bank for Social Policies to 2030.

The Vietnam Fatherland Front and socio-political organizations have performed well the functions of supervision and social criticism of social policy credit activities. They have performed well the work of receiving the trust of the Vietnam Bank for Social Policies, and have a firm grasp of the situation of capital use by borrowers. The Vietnam Fatherland Front has continued to deploy and expand the campaign for the poor to supplement capital sources for the Vietnam Bank for Social Policies to implement social policy credit programs.

The Social Policy Bank needs to continue to manage well the social policy credit capital, respond promptly, provide convenient loans to the people, to the right subjects, for the right purposes, and be transparent. Continue to entrust lending capital through social organizations and disburse loans directly to the subjects to save time and reduce costs for the people.

Improve credit processes and procedures and strengthen guidance to make it convenient and easy for people to access the services of the Social Policy Bank. Focus on building the image of the Social Policy Bank serving wholeheartedly, thoughtfully and professionally, with the motto "Understanding the people's hearts, serving wholeheartedly", so that policy credit always accompanies people in the journey to build a prosperous and happy life.

On this occasion, the Provincial Party Standing Committee awarded certificates of merit to 5 groups and 10 individuals; the Provincial People's Committee Chairman awarded certificates of merit to 16 groups and 28 individuals with many achievements in organizing the implementation of Directive 40. The Minister of Planning and Investment awarded a certificate of merit to 1 individual; the Chairman of the Vietnam Veterans Association awarded a certificate of merit to 1 group of the Vietnam Bank for Social Policies, Quang Tri province branch, for their many contributions in implementing Directive 40.

Thanh Truc

Source: https://baoquangtri.vn/tong-ket-10-nam-thuc-hien-chi-thi-so-40-ct-tw-ve-tang-cuong-su-lang-dao-cua-dang-doi-voi-tin-dung-chinh-sach-187433.htm