Maintain the organizational model and specific credit management methods of the Social Policy Bank.
Regarding the reorganization of administrative structures and units at the local level, on the morning of June 5th, the Board of Directors of the Vietnam Social Policy Bank held an online meeting with the Board of Directors' representatives at the provincial and district levels nationwide.
Attending the meeting via video link from Hanoi were Central Committee members: Nguyen Thi Hong - Governor of the State Bank of Vietnam, Chairwoman of the Board of Directors of the Vietnam Social Policy Bank; Nguyen Thi Tuyen - President of the Vietnam Women's Union; and Duong Quyet Thang - General Director of the Vietnam Social Policy Bank.
Comrade Bui Thanh An - Member of the Standing Committee of the Provincial Party Committee, Permanent Vice Chairman of the Provincial People's Committee, and Head of the Board of Representatives of the Social Policy Bank of Nghe An province - presided over the meeting at the Nghe An branch.
Policy credit funds increased by 9.2%.
At the meeting, representatives from central ministries and agencies, and the Board of Directors at all levels focused on studying, discussing, and contributing opinions on important issues to evaluate the performance of the Social Policy Bank in the first five months of the year, and to discuss and orient the implementation of tasks in the remaining months of 2025. The meeting also covered the implementation of Resolution No. 60-NQ/TW dated April 12, 2025, of the 13th Central Committee of the Communist Party of Vietnam; the reorganization of the organizational structure and administrative units at the local level; and the impact of this reorganization on the operations of the Board of Directors at all levels.
In the first five months of 2025, the Boards of Directors at all levels successfully implemented the political tasks assigned by the Party and the State, ensuring efficient and safe operations and achieving several outstanding results in various aspects of their activities.
By May 31, 2025, the total operating capital for policy credit reached VND 410,857 billion, an increase of VND 34,618 billion (+9.2%) compared to 2024. Entrusted capital from local budgets channeled through the Social Policy Bank for lending to social policy beneficiaries reached VND 61,427 billion, an increase of VND 10,746 billion compared to 2024. The total outstanding policy credit reached VND 389,388 billion, an increase of VND 21,757 billion (+5.9%) compared to 2024, with over 6.8 million customers still having outstanding loans.
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In the first five months of the year, social policy credit capital supported investment in production and business, creating jobs for over 404,000 workers, including over 4,500 workers going to work abroad on temporary contracts and nearly 2,600 people who had completed their prison sentences finding employment; helping nearly 13,400 disadvantaged students borrow capital for their studies; building over 751,000 clean water and sanitation facilities in rural areas; constructing nearly 1,900 houses for poor households to stabilize their lives, and nearly 4,100 social housing units for low-income individuals… Through these efforts, the bank contributed to stabilizing and developing the economy, ensuring social security, and effectively implementing national target programs for sustainable poverty reduction, new rural development, and socio-economic development in ethnic minority and mountainous areas.
By May 31, 2025, the total policy credit capital in Nghe An province reached VND 14,228 billion, an increase of VND 543 billion compared to the beginning of the year, achieving a growth rate of 3.97%. Loan disbursements in the first five months reached VND 2,122 billion, an increase of 6.6% compared to the same period in 2024. Total outstanding loans reached nearly VND 14,211 billion across 22 policy credit programs, an increase of VND 538.7 billion compared to the beginning of the year, achieving a growth rate of 3.94%.
The Social Policy Bank branch in Nghe An continues to implement solutions to strictly control capital sources and constantly improve credit quality; and continues to maintain and effectively operate its transaction network at the commune level with 412 points/412 commune-level units throughout the province.
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Ensuring smooth policy credit disbursement while reorganizing the administrative apparatus.
At the meeting, members of the Board of Directors, heads of the Board of Representatives at the provincial and district levels, members of the Board of Representatives at the district level; members of the Expert Advisory Board, and representatives of agencies, ministries, and sectors expressed their opinions on the performance of the Social Policy Bank system and the plan for implementing tasks in the remaining months of 2025. In particular, to prepare for the reorganization of the administrative apparatus and units at the local level, the delegates analyzed the impacts of the reorganization on the operations of the Board of Representatives at all levels.
Concluding the meeting, Governor of the State Bank of Vietnam Nguyen Thi Hong acknowledged that in the first five months of 2025, the entire Social Policy Bank system had proactively followed directives and effectively implemented the political tasks assigned by the Party and the State, ensuring efficient and safe operations.
In the coming period, the Steering Committee needs to develop solutions and a roadmap to ensure credit growth, allocate entrusted local budget funds to ensure that by 2030, at least 15% of total capital is achieved. It should promptly implement several new credit programs recently approved by the Government; and effectively implement Directive No. 39-CT/TW of the Central Party Secretariat on improving the effectiveness of social policy credit in the new period.
In the near future, due to the restructuring of the two-tiered administrative system, the Board of Representatives of the Social Policy Bank at all levels will undergo organizational and personnel changes. To ensure that the implementation proceeds according to schedule and achieves the goals of streamlining, efficiency, effectiveness, and efficiency as stipulated in Resolution No. 60-NQ/TW, the Governor of the State Bank of Vietnam requests that members of the Board of Directors of the Social Policy Bank urgently study and address any obstacles related to mechanisms, policies, and entrusted activities during the organizational restructuring process, so as not to affect the implementation of policy credit at the grassroots level.
The Head of the Provincial Board of Directors continues to direct the Provincial Social Policy Bank to coordinate with relevant departments, agencies, and units to implement policy credit in the locality after the administrative unit reorganization; paying attention to directing and reviewing the development of a plan for entrusted capital from the local budget in 2025 and the period 2026-2030 to reach at least 15% of the total capital.
After the merger, the Chairperson of the People's Committee at the commune level will continue to fulfill their role and responsibilities as a member of the Board of Directors' Representative Committee, continuing to direct efforts to improve the quality of policy credit activities at the grassroots level and enhance the effectiveness of policy credit funds.
Continue to maintain the specific organizational model and management methods of the Social Policy Bank's policy credit program; merge provincial-level branches according to the administrative unit rearrangement at the provincial level; maintain the network of transaction offices, commune transaction points, savings and loan groups, and ensure the smooth, effective, efficient, and sustainable operation of the Social Policy Bank.
Comrade Nguyen Thi Hong - Governor of the State Bank of Vietnam, Chairwoman of the Board of Directors of the Vietnam Social Policy Bank