General Director of the Vietnam Bank for Social Policies, Duong Quyet Thang, works with the Nghe An branch.
In 2025, overcoming challenges from natural disasters and administrative reorganization, the Nghe An Provincial Branch of the Vietnam Bank for Social Policies (VBSP) successfully completed its tasks, delivering preferential capital to the right beneficiaries and making a significant contribution to the province's socio-economic development goals.
On the morning of January 16th, a delegation from the Central Social Policy Bank, led by Mr. Duong Quyet Thang – Member of the Government Party Committee, Member of the Board of Directors, Secretary of the Party Committee of the Central Social Policy Bank, and General Director of the Social Policy Bank – held a working meeting with the Nghe An provincial branch.
Change resulting from the involvement of the entire political system.
2025 marks a significant transformation in the advisory and implementation work of Directive No. 39-CT/TW of the Party Central Committee. As of December 31, 2025, the total capital reached VND 14,975 billion, an increase of VND 1,290 billion compared to the beginning of the year. A notable highlight is the special attention of local Party committees and authorities, with provincial budget funds entrusted to the Vietnam Bank for Social Policies (VBSP) reaching VND 710 billion, an increase of VND 228 billion (achieving 229% of the assigned plan). Implementing a two-tiered local government system, the Branch promptly advised on reviewing and transferring all district-level budget funds to provincial-level management, ensuring uninterrupted policy credit operations and effectively serving the needs of the people immediately after the merger.
With loan disbursements reaching VND 4,898 billion, policy credit funds in the past year have become a support system for 66,951 poor households and other policy beneficiaries. The funds were mainly concentrated in key programs such as: Clean water and sanitation (VND 1,549 billion), Job creation (VND 1,034 billion), loans for near-poor households (VND 722 billion), and newly escaped poverty households (VND 583 billion).
Preferential loan programs have directly helped 25,580 poor and near-poor households escape poverty in 2025. In addition, new programs such as student loans for STEM fields under Decision 29/2025/QD-TTg have initially proven effective, with 309 customers accessing capital.
Credit quality management continues to be a "bright spot" for Nghe An province, with the overdue and non-performing loan ratios tightly controlled at 0.09%. All 130 communes and wards in the province are rated as having good credit quality.
With the results achieved, social policy credit continues to affirm its position as an important "pillar" in the system of social security policies, contributing to building a sustainably developed Nghe An.
Aiming for 3 trillion VND in entrusted capital during the 2026-2030 period.
In 2026, the Nghe An Provincial Branch of the Vietnam Bank for Social Policies (VBSP) aims for a minimum loan growth of 10% (corresponding to an increase of approximately VND 1,500 billion). The focus will be on implementing the "Policy Credit Investment Project for the Poor and Other Policy Beneficiaries in Nghe An Province, 2026-2030," approved by the Provincial People's Committee, with the goal of increasing the entrusted local budget capital by an additional VND 3,000 billion.
To accomplish this task, in the first quarter of 2026, the Branch will coordinate with relevant departments to complete the receipt of 500 billion VND in entrusted capital from the provincial budget. At the same time, it will accelerate digital transformation, improve the quality of operations of Savings and Loan Groups, ensuring that 100% of poor people and eligible policy beneficiaries with needs have timely and transparent access to capital.
During the working session with the General Director of the Vietnam Bank for Social Policies, the directors of the Dien Chau, Thanh Chuong, and Yen Thanh transaction offices – three units with outstanding loans exceeding 1,000 billion VND – presented practical discussions on management and capital disbursement models, and reported on experiences in maintaining stable operations after administrative unit reorganization.
The leaders of the Vietnam Bank for Social Policies (VBSP) branch in Nghe An province also provided further information on the effectiveness of the student loan program for STEM fields and the implementation of Decision 29/2025/QD-TTg. The unit has applied technology to review eligible recipients, helping to accelerate disbursement and prevent capital stagnation. They also analyzed risk management and credit quality. In the coming period, they will focus on strengthening quality in newly merged areas, paying attention to promptly handling risky debts caused by natural disasters to support people in quickly recovering production.
Concluding the meeting, Comrade Duong Quyet Thang – Member of the Government Party Committee, Member of the Board of Directors, and General Director of the Vietnam Bank for Social Policies – acknowledged and commended the unit's achievements, especially its work in advising local Party committees and authorities on allocating budget resources for the poor. The Nghe An branch has been very proactive and flexible in the context of administrative unit restructuring and disaster response.
Based on an analysis of shortcomings and difficulties, the General Director requested that the Branch effectively implement key tasks in 2026. Nghe An still has much room for development, and the tasks for the 2026-2030 period are enormous. It is necessary to focus all resources on effectively implementing the 3,000 billion VND local capital entrustment project, considering this as the key to solving the problem of sustainable poverty reduction in particularly difficult, mountainous, and coastal areas.
Continue to leverage the province's support to complete the receipt of entrusted funds within the first quarter; and intensify the mobilization of deposits from the public to effectively implement the credit plan in the early days of the year.
We are aggressively deploying the upgraded version of the Intellect core banking system, viewing technology as a key solution for risk management and enhancing customer experience.
The General Director emphasized that the branch needs to continue improving credit quality, strengthening inspections and cross-checks, consolidating the network of Savings and Loan Groups, and closely coordinating with entrusted socio-political organizations to ensure that "capital is used effectively wherever it goes," preventing capital stagnation or policy abuse.
