In implementing Directive No. 40-CT/TW of the Party Central Secretariat on strengthening the Party’s leadership over social policy credit, the Bao Yen District People’s Committee has translated the directive into concrete regulations, mechanisms, and policies tailored to the local context. As a result, district-level departments, agencies, mass organizations, and the Bao Yen branch of the Vietnam Bank for Social Policies (VBSP) have taken the lead in actively disseminating relevant laws and policies on social credit. They have also mobilized resources to support poor households, in line with the nationwide emulation movement “Joining hands for the poor—No one left behind.”

Credit officers held a meeting at the transaction point of Minh Tan commune.

The Bao Yen District branch of the Vietnam Bank for Social Policies is currently implementing 17 policy credit programs. To ensure that the State’s preferential capital reaches poor, near-poor, and other policy-beneficiary households in a timely manner, the branch has coordinated with localities to review households in need of loans, creating favorable conditions for them to access and use loans quickly and effectively. Through direct transaction sessions, VBSP staff have provided information and promoted loan packages suited to each family's specific situation; at the same time, they have raised awareness among poor households to help them avoid dependence on State support, thereby encouraging them to actively engage in effective production and business activities to escape poverty.

At the same time, the district has consistently paid close attention to and promptly supplemented preferential credit capital from the Vietnam Bank for Social Policies, in alignment with the implementation of national target programs on sustainable poverty reduction, new-style rural development, and job creation, contributing to the district’s socio-economic development. In 2024, the Bao Yen District People’s Committee allocated 1 billion VND through entrusted funding to the district branch of VBSP to support poor households and other policy beneficiaries. Based on local agricultural and forestry development projects, the district VBSP advised the Representative Board to allocate this funding to projects such as mulberry cultivation and black chicken farming, thereby creating jobs for 12 workers.

In implementing Resolution No. 06/2021/NQ-HDND of the Provincial People’s Council on tourism development, the Bao Yen District branch of the Vietnam Bank for Social Policies was allocated an additional 500 million VND from the provincial budget. This funding was assigned to Nghia Do Commune, raising the total capital for the tourism development program to 4.5 billion VND.

Preferential loans are delivered directly to the people.

In 2024, the district had more than 1,000 poor households accessing loans for economic development, thereby escaping poverty successfully and sustainably. In addition to financial support, the program also focuses on investing in essential infrastructure, with the construction and repair of more than 950 clean water and sanitation facilities.

Notably, the program created more than 210 new jobs, contributing to solving the employment problem for local people. In particular, more than 20 students with difficult circumstances also had access to preferential loans to study at universities, colleges, vocational high schools and vocational training schools. The program also expanded its beneficiaries, supporting loans for 5 people who had completed their prison sentences, 4 laborers working abroad in Japan and Taiwan, and 9 people who had returned to their hometowns after completing their sentences. This support has contributed to stabilizing their lives, helping poor households and policy beneficiaries to escape poverty, making an important contribution to local poverty reduction.

Preferential loans help many households in Viet Tien commune expand mulberry growing and silkworm raising areas.

To continue supporting poor households through policy credit sources, Bao Yen District will focus on mobilizing financial resources in the coming time to better meet the loan demands of poor and policy-beneficiary households. The district aims to effectively and efficiently implement policy credit programs, ensuring that preferential credit capital is delivered promptly and to the right beneficiaries. At the same time, the district will flexibly apply several special mechanisms and policies in implementing national target programs and addressing urgent emerging needs, in line with local socio-economic development.

In addition, the District Social Policy Bank Transaction Office and the entrusted units continue to focus on coordinating propaganda and guiding borrowers to use capital for the right purposes; inspecting and urging debt collection and collecting interest on time; prioritizing localities with a high rate of poor and near-poor households that have not yet borrowed capital, especially remote areas, and those with a large number of ethnic minorities; coordinating and integrating policy credit activities, helping the poor and policy beneficiaries use loans effectively, increase income, stabilize the economy, and escape poverty sustainably.

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