Ninh Thuan Province Social Policy Bank Branch: Completed the credit plan target

In 2024, with the proactive spirit and high determination of the entire branch system of the Social Policy Bank (CSXH) in Ninh Thuan province, the synchronous coordination of relevant departments, branches, localities and entrusted organizations and unions have completed the assigned CSXH credit plan targets.

In close adherence to the goals and directions of the Board of Directors, the General Director of the Vietnam Bank for Social Policies, together with the attention and direction of the Provincial Party Committee, People's Council, and People's Committee, the branch has focused on advising the Party Committee and local authorities to implement and ensure all aspects of operations, through a number of key tasks such as: Actively and promptly disbursing capital to meet the needs of poor households and other policy beneficiaries; coordinating with relevant departments, branches, and local authorities to well implement Directive No. 40-CT/TW and Conclusion No. 06-KL/TW of the Secretariat on strengthening the leadership of the Party in implementing social policy credit; advising on the balance of entrusted capital from local budgets at all levels to achieve the set plan. Along with that, effectively implementing capital mobilization measures, simplifying loan procedures, promptly disbursing to meet the capital needs for production and business of poor households, near-poor households, and other policy beneficiaries in the province.

As of December 31, 2024, the total capital reached VND 3,827.8 billion, an increase of VND 317 billion compared to 2023; of which, the balanced capital from the central government was VND 3,234.4 billion, mobilized capital was VND 442.4 billion and local entrusted capital was VND 150.4 billion. The Provincial Branch of the Social Policy Bank promptly reported to the Provincial People's Committee, advised the Head of the Board of Directors to assign targets to districts and cities, and at the same time directed affiliated units to actively coordinate with local authorities, associations and unions to receive the authorization to review loan applicants to ensure compliance with regulations. In 2024, loans were made with an amount of over VND 1,100 billion, with more than 25,500 poor households and other policy beneficiaries receiving loans to invest in production and business; support job creation, maintain and expand employment; construction, repair of toilets and installation of clean water facilities and loan programs for students in difficult circumstances to cover study expenses, loans to create jobs for people who have completed their prison sentences according to Decision No. 22/2023/QD-TTg of the Prime Minister ... Raising the total outstanding debt of credit programs to more than 3,817 billion VND, an increase of 307 billion VND compared to the beginning of the year, completing 99% of the growth rate.

Staff of the Transaction Office of the Social Policy Bank of Thuan Bac district disburses loans to people of Phuoc Chien commune.

In conjunction with lending, science and technology transfer activities have been paid attention to and focused on. Most of the borrowers have changed their awareness and used capital for the right purposes. Many households have invested in developing production and business reasonably, increasing income and improving family life. In addition, the entrustment activities of socio-political organizations, commune transaction points and the activities of savings and loan groups have been improved; the internal inspection and control process; the urging, collection, handling, debt management and prevention of bad debts have been strengthened; thanks to that, credit quality has always been stable and constantly improved. With the above results, social policy credit continues to actively contribute to the implementation of national target programs, job creation, social security and new rural construction in the province.

Through assessment, although credit quality has improved, it is not sustainable, total overdue debt and frozen debt still account for a high proportion. Local budget capital entrusted to the Social Policy Bank is still low compared to the whole country, only reaching 3.9% of total capital.

Comrade Le Minh Loc, Director of the Ninh Thuan Province Social Policy Bank branch, said: The goal set for 2025 is to exceed the capital mobilization plan target and complete over 99% of the assigned growth plan, striving for an annual interest rate of 100% or more. The branch continues to direct the timely and effective implementation of social policy credit programs; evaluate loans to ensure the right beneficiaries and the right purpose of using capital for each program; focus on accelerating the disbursement progress to beneficiaries when the central government allocates capital, linking credit growth with improving the quality and efficiency of loan capital. Improve the management, supervision of debt collection and handling of risky debts; promote propaganda of rights and responsibilities when borrowing capital, thereby raising awareness and promoting the effectiveness of loans.

Hong Lam

Source: http://baoninhthuan.com.vn/news/151527p1c25/chi-nhanh-ngan-hang-chinh-sach-xa-hoi-tinh-ninh-thuan-hoan-thanh-chi-tieu-ke-hoach-tin-dung-de-ra.htm