Policy credit capital helps people restore their livelihoods after storms and floods

After storm No. 13 and the recent historic flood, tens of thousands of households in the eastern region of Dak Lak fell into difficulty when their property, crops, and livestock were swept away.

In that context, the policy credit capital disbursed promptly by the Dak Lak Branch of the Vietnam Bank for Social Policies (VBSP) has become a "lifesaver", helping people quickly restore production, stabilize their livelihoods and gradually overcome losses after natural disasters.

Rise from hardship

These days, when the floodwaters have receded, in many villages in the East of Dak Lak, people are still struggling to collect every single usable item. Houses are in disarray, fields are muddy, many production models are submerged in water, making people's lives difficult.

For them, the most important thing at this time is not only rice and necessities, but more importantly, capital to start over after the disaster. Understanding that urgent need, the Social Policy Bank immediately launched enhanced transaction sessions to bring capital to people as quickly as possible.

Tuy Hoa ward residents complete procedures to borrow policy credit capital.

At the recent enhanced transaction session organized by the Phu Yen Social Policy Bank Transaction Office at Tuy Hoa 2 transaction point (old Ward 4 People's Committee), Ms. Bui Thi Lai in Ward 4, Tuy Hoa Ward, completed the procedures to receive capital.

Ms. Lai said her family sells groceries at home. The recent flood caused all the shelves and goods to be submerged more than 1 meter deep. Many items were swept away by the water, while the rest were severely damaged, making it impossible to continue business. “When the water receded, seeing the muddy store, my heart ached,” Ms. Lai choked.

Immediately after the flood, the staff of the People's Credit Fund went to Mrs. Lai's house to check the damage and guide her through the loan application process.

“I received 50 million VND in funding to support job creation, job maintenance and expansion. I will use this money to renovate the grocery store and buy new goods to resell. The capital arrived promptly after the flood, I am very happy. Having capital means having the opportunity to stand up,” Ms. Lai shared.

Staff of the People's Credit Fund guide people through procedures to receive capital at Tuy Hoa 2 transaction point.

In Song Cau ward, Mr. Nguyen Ngoc Tam, a lobster farmer in Dan Phu 1 residential group, also fell into difficult circumstances after the storm and flood. Before storm No. 13, Mr. Tam's family had more than 60 lobster cages, which was the main source of income for the whole family. However, natural disasters struck, killing the lobsters and washing away the cages.

Even though he has a loan of 50 million VND at the People's Credit Fund, he is still considered for an additional loan of 30 million VND to repair the cage and buy lobster seeds.

“Without a new loan, my family doesn’t know how to reproduce. The loss of the lobsters means we’ve lost all our capital, but thanks to the bank’s ability to lend us additional money, we’re trying to rebuild from scratch,” said Mr. Tam.

According to Decision 2553/QD-TTg dated November 21, 2025, from December 1, 2025, many policy credit programs will have their interest rates reduced, creating more favorable conditions for people to access capital. Specifically, the loan program for poor households and students will be reduced from 6.6% to 6.24%/year; loans for production and business households and traders in difficult areas will be reduced from 9% to 7.8%/year; clean water and rural environmental sanitation will be reduced from 9% to 8.4%/year. Currently, the Dak Lak Social Policy Bank Branch is providing information to each borrower and local people so that people can feel secure in borrowing capital for production and stabilizing their lives.

Urgent support for borrowers

Last November, storm No. 13 and then a historic flood caused widespread damage in the eastern part of Dak Lak. In the aftermath of the disaster, many households lost all their means of production.

The flexibility of the Social Policy Bank in providing additional loans and implementing debt settlement solutions according to regulations has helped people reduce financial pressure to soon stabilize production.

Mr. Dao Thai Hoa, Director of the Dak Lak Provincial Social Policy Bank Branch, said that immediately after the storm and flood, the Central Government had provided the branch with 200 billion VND to support people in restoring production. Currently, the branch is requesting transaction offices to coordinate with local authorities, entrusted unions, savings and loan groups to review all customers who have suffered losses to come up with appropriate support plans.

Mr. Dao Thai Hoa, Director of the Dak Lak Provincial Bank for Social Policies Branch (right) visits and encourages borrower Nguyen Ngoc Tam in Song Cau ward.

"In addition to providing new loans, the bank also directed transaction offices to consider implementing debt settlement measures in accordance with regulations, helping people have more support to restore their livelihoods. With the determination of "leaving no one behind", the Dak Lak Provincial Branch of the Bank for Social Policies is continuing to closely accompany people, helping them confidently enter the new production season," said Mr. Dao Thai Hoa.

According to Mr. Hoa, not only stopping at providing capital, the staff of the Social Policy Bank also went to the grassroots level, grasped the situation of the borrowers, advised on appropriate capital usage plans, ensuring that each loaned capital went to the right person, serving the right needs. Enhanced transaction sessions were also deployed, creating conditions for people to access capital as quickly as possible, especially in remote areas and areas isolated by floods.

Source: https://baodaklak.vn/kinh-te/202512/von-tin-dung-chinh-sach-giup-nguoi-dan-khoi-phuc-sinh-ke-sau-bao-lu-5b81ab8/