Efficient capital, sustainable jobs

Total capital for credit institutions nationwide is over 410,857 billion VND. The local budget capital entrusted through the VBSP for lending reached 61,427 billion VND. Total outstanding credit institutions reached 389,388 billion VND, with more than 6.8 million customers still in debt. Thereby, it has supported production and business development, created jobs for more than 404,000 workers, including workers working abroad under contracts and people who have completed their prison sentences... contributing to economic stability and development, ensuring social security, effectively implementing the national target programs on sustainable poverty reduction and new rural construction. Representatives of localities participating in the conference expressed their agreement and approval of the results of the credit institutions program achieved in the past 5 months of the entire VBSP system, contributing to promoting socio-economic development and sustainable poverty reduction nationwide; At the same time, it is recommended that the Central Bank for Social Policies pay attention to allocating capital for the job creation loan program to meet the huge needs of households.

TDCS capital helps garment processing facility in Trung Nhut ward, Thot Not district maintain production activities and attract local workers.

After listening to opinions and proposals from localities, Ms. Nguyen Thi Hong, Governor of the State Bank of Vietnam , Chairwoman of the Board of Directors of the Vietnam Bank for Social Policies, suggested that in the coming time, the Vietnam Bank for Social Policies should continue to advise local Party committees and authorities at all levels to effectively implement Directive No. 39-CT/TW on improving the effectiveness of social credit in the new period; develop a roadmap for allocating local budget capital entrusted through the Vietnam Bank for Social Policies to ensure that by 2030 it will reach at least 15% of the total capital source; coordinate to report to the Government to allow the Vietnam Bank for Social Policies to use capital sources to recover debts of credit programs funded by the state budget that have expired to lend to credit programs at the Vietnam Bank for Social Policies. At the same time, she suggested that the Vietnam Fatherland Front at all levels continue to deploy and expand the "For the Poor" Fund campaign; urge and supervise the Vietnam Fatherland Front at all levels to open "For the Poor" Fund accounts at the Vietnam Bank for Social Policies to supplement credit capital sources; Coordinate with local authorities and the People's Credit Fund to strengthen and improve the quality of credit activities...

In Can Tho City, by the end of May 2025, the city's budget capital transferred to the Social Policy Bank for entrusted loans of over VND 929 billion. Lending turnover was over VND 757.6 billion, with 13,788 households borrowing. Total outstanding loans of TDCS were over VND 4,928.9 billion, with 96,635 households borrowing, completing over 56.8% of the assigned growth target. TDCS capital helped 207 households in need of developing production and business; 7,599 workers had jobs; 19 people who had completed their prison sentences had jobs and integrated into the community... Socio -political organizations at all levels have promoted their role in effectively managing capital, guiding and mobilizing members to use capital for the right purposes, contributing to family economic development, reducing the poverty rate, and improving the quality of life.

Mr. Pham Van Kiet, Director of the Transaction Office of the Social Policy Bank of Thoi Lai District, said that the loan turnover in the first 5 months of 2025 was over 83.3 billion VND, with 1,764 borrowing households; outstanding debt of over 603.7 billion VND, with 14,367 households still in debt. Of which, the loan turnover for the job creation program was over 32.2 billion VND, with 558 borrowing workers; outstanding debt of nearly 213.5 billion VND, with 4,853 workers still in debt. Mr. Mai Dong Khoi, Dinh Khanh B Hamlet, Dinh Mon Commune, has 9 hectares of Monthong durian being harvested, with an income of over 1 billion VND/year. With a loan of 50 million VND plus accumulated capital, Mr. Khoi renovated 20 hectares of rented land, planted 400 new Mon thong durian trees, and installed an automatic irrigation system. Mr. Khoi said: “I researched, learned and applied the technique of producing durian fruit in the off-season to increase productivity and future profits. Today’s farmers who want to “win” must be proactive and innovative.”

Ms. Ha Thi Kim Lien, owner of a fashion dress sewing facility in Trang Tho B area, Trung Nhut ward, Thot Not district, said that the facility has been operating for nearly 4 years, with 10 regular workers. The source of goods is abundant, the work is stable, the average income is 6 million VND/person/month, not including overtime. Ms. Kim Lien confided: "I opened a sewing facility mainly to support middle-aged women to stabilize their jobs, develop their family economy, and make progress in life. I was able to borrow 50 million VND to cover monthly expenses." Currently, the loan turnover of the employment program in Thot Not district is over 58.1 billion VND, with 1,279 workers borrowing; the outstanding loan is nearly 282.5 billion VND, with 7,701 workers still in debt.

In the remaining months of 2025, the City Branch of the Vietnam Bank for Social Policies will actively collect due debts and mobilize capital sources, including taking advantage of central capital sources, promoting the receipt of entrusted capital from local budgets, mobilizing deposits from organizations and individuals, promptly meeting the capital needs for disbursement of TDCS programs. At the same time, reviewing and increasing investment levels for subjects using capital effectively, having the need to expand production and business models, attracting labor; OCOP products...

Article and photos: ANH PHUONG

Source: https://baocantho.com.vn/nguon-von-hieu-qua-viec-lam-ben-vung-a187531.html