With the Party, life is prosperous and happy (Part 3)

The journey of eliminating black credit, unsecured loans, or contributing to the development of community tourism by the Vietnam Bank for Social Policies, the government and the people, vividly taking place throughout the villages of Dak Lak, is a highlight in the picture of policy credit over the past 20 years, especially since the implementation of Directive 40/CT-TW and Conclusion 06/KL-TW. The change in the awareness of Party committees and authorities at all levels about policy credit and realized by specific strategies has promoted the value of a deeply humane policy of the Party and the Government.

That breakthrough in awareness comes not only from focusing on leadership and direction of social policy credit activities but also from identifying policy credit as a major and consistent policy of the Party and State, an important, regular and long-term political task in poverty reduction, ensuring social security, building new rural areas, developing the economy and society in ethnic minority and mountainous areas; It is a regular task, a key task in implementing the annual and 5-year socio-economic development plan for 2021-2025.

The Vietnam Fatherland Front Committee of Dak Lak province and the Vietnam Bank for Social Policies (VBSP) Dak Lak Branch organized the signing of a cooperation program to improve the quality of policy credit.

With a clear awareness of the role, position and importance of social policy credit, in addition to the policy mechanism of the Central Government, the Provincial People's Council and People's Committee have issued many specific policies and mechanisms of the province and at the same time arranged local budget capital for implementation, such as: Regulations on management and use of local budget capital entrusted through the Social Policy Bank to lend to the poor and other policy subjects in the province, official dispatch guiding the verification of workers belonging to other policy subjects borrowing capital to work abroad according to Resolution No. 14/2020/NQ-HDND dated December 9, 2020 of the Provincial People's Council on regulations on other policy subjects allowed to borrow capital from local budget capital entrusted through the Social Policy Bank to work abroad under contracts...

At the same time, integrate social policy credit programs into public investment decisions, national target programs and other programs and projects in the socio-economic development plan for the 2021-2030 period. The Provincial Party Committee, People's Council and Provincial People's Committee always pay attention to directing the mobilization and concentration of financial resources, meeting the borrowing needs of the poor and other policy beneficiaries. By April 30, 2024, the total capital reached VND 7,779 billion, an increase of VND 4,771 billion compared to 2014, with an average annual growth rate of over 10.6%. Of which, the capital entrusted from the local budget reached more than VND 502 billion, an increase of VND 383 billion compared to 2014, accounting for 6.5% of the total capital, with an average annual growth rate of 15.7%. The capital structure has changed towards increasing the capital source of the Social Policy Bank, mobilizing the state budget to subsidize interest rates and local resources, clearly demonstrating the policy of "diversifying resources" with the motto "the state, enterprises and people work together".

In addition, local Party committees and authorities have directed entrusted socio-political organizations to coordinate with sectors and functional agencies to pay attention to the work of consolidating and improving the quality of social policy credit. As of April 30, 2024, the total outstanding overdue debt and frozen debt was VND 8.44 billion, accounting for 0.11% of the total outstanding credit balance.

The Board of Directors of the Dak Lak Provincial Bank for Social Policies closely directs, supervises and removes difficulties to improve the level of credit activities to promptly meet the capital needs of poor households, near-poor households and other policy beneficiaries.

At the same time, review and continue to effectively implement Directive 39-CT/TU, dated June 30, 2023 of the Provincial Party Standing Committee, Plan 186/KH-UBND of the Provincial People's Committee on social policy credit work; continue to maintain and maintain credit quality in a stable and sustainable manner; focus on improving the quality of inspection, supervision, and examination of entrusted lending activities of associations and unions...

The Provincial People's Committee directed the People's Committees of districts, towns and cities to direct the Agriculture sector, the Labor - Invalids sector and vocational training institutions to organize training, guidance and transfer of scientific and technical advances to households borrowing capital from policy credit programs in the area. Closely following the orientation of socio-economic development by region as well as developing key products in the locality to allocate loan capital in the direction of focusing on building effective economic development models to then replicate the model. At the same time, the provincial socio-political organizations coordinated to organize 887 training sessions with over 103,700 members and officials participating in learning about cultivation and animal husbandry techniques and applying science and technology to production.

These efforts have created a spread, attracting poor households and other policy subjects to gradually get acquainted with commodity production, taking advantage of 21 policy credit programs and programs entrusted by localities to develop the economy. With a total loan turnover from 2015 to present reaching more than 14,943 billion VND, debt collection turnover reaching nearly 10,183 billion VND, social policy credit has helped more than 485 thousand poor households, near-poor households, newly escaped poverty households and other policy subjects to borrow capital from the Social Policy Bank.

Social policy credit capital was invested in 184/184 communes, wards, towns, 100% of villages, residential groups, helping nearly 111 thousand households overcome the poverty threshold; attracting and creating jobs for more than 40 thousand workers (436 workers working abroad for a limited period); creating conditions for nearly 8 thousand students in difficult circumstances to borrow capital for studying; building nearly 230 thousand clean water and rural environmental sanitation works; more than 7 thousand houses for poor households, nearly 66 thousand households in difficult areas borrowed capital for production, business, and increased income to improve their lives and gradually escape poverty; supporting the construction of nearly 445 social houses according to Decree 100/ND-CP, more than 4.8 thousand ethnic minority households in extremely difficult areas received loans. Contributing to the completion of 79 communes recognized as meeting new rural standards; Reduce the poverty rate from 17.83% in 2016 to 6.34% by the end of 2021 (according to the poverty standard for the period 2016-2020) and to 9.15% by the end of 2023 (according to the poverty standard for the period 2022-2025).

However, the goal of turning Dak Lak province into “basically a regional center, a province with rapid and sustainable economic and social development in the Central Highlands, towards industrialization and modernization” by 2030; by 2045, developing the province into a “center of the Central Highlands in all fields” or more closely aiming to build the locality into a province “belonging to the fairly developed group of the country” by 2025 still faces many challenges when poverty reduction results are not really sustainable; the annual rate of households falling back into poverty is still high. International economic integration leads to shifts in economic, trade and infrastructure structures, affecting the production and business activities of the poor and policy beneficiaries, and some credit policies are slow to be adjusted.

Therefore, the Provincial Party Committee determined that continuing to effectively implement social policy credit plays an important role in creating resources to implement targets and tasks on sustainable poverty reduction, new rural construction, human resource development, ensuring social security, political stability, national defense and security, and socio-economic development in the province.

Provincial Party Secretary Nguyen Dinh Trung directed local Party committees and authorities at all levels to further promote the effective implementation of social policy credit. In particular, it is necessary to continue to enhance the role and responsibility of Party committees, authorities, the Fatherland Front and socio-political organizations for social policy credit in the spirit of Directive No. 40-CT/TW and Conclusion No. 06-KL/TW of the Secretariat. Every year and in the 5-year socio-economic development plan, relevant departments, branches and sectors proactively develop budget estimates, balance resources, prioritize the allocation of local budget capital entrusted and other legal capital sources according to the regulations entrusted to the Vietnam Bank for Social Policies, to implement social policy credit programs related to the national target program. By the end of 2030, the proportion of local budget capital entrusted to the provincial branch of the Vietnam Bank for Social Policies will reach 15% of the total policy capital in the province.

Director of the Dak Lak Provincial Social Policy Bank Branch, Dao Thai Hoa, said that the staff, employees and workers in the branch always identify the tasks and missions for the poor and leave no one behind. Therefore, the branch regularly coordinates with departments and branches to research, develop and issue new projects, mechanisms and policies, report to the Provincial Party Committee, Provincial People's Council, Provincial People's Committee to allocate resources to serve the poor and other policy beneficiaries in the province in accordance with each stage of socio-economic development and the Development Strategy of the Social Policy Bank in the area until 2030. Prioritize focusing on lending capital to remote areas, ethnic minority areas, providing enough capital for poor and near-poor households to develop production, gradually escape poverty sustainably.

Source: https://thoibaonganhang.vn/co-dang-cuoc-doi-am-no-hanh-phuc-bai-3-158884.html