In 2024, more than 48,300 poor and near-poor households will receive preferential loans.

Policy credit helps people in the mountainous Nam Tra My district invest effectively in growing Ngoc Linh ginseng. Photo: Q. VIET

According to Mr. Le Hung Lam, Director of the Social Policy Bank branch in Quang Nam , the total policy credit capital in Quang Nam province as of December 31, 2024, was over 8 trillion VND (an increase of over 655.5 billion VND compared to the beginning of the year).

Of this total, central government funding amounted to over 6 trillion VND (an increase of over 353.3 billion VND compared to the beginning of the year, accounting for 74.98% of the total funding). Funds mobilized through organizations, individuals, and savings and loan groups totaled over 1.2 trillion VND (an increase of over 152.6 billion VND compared to the beginning of the year, accounting for 15.26% of the total funding). Funds received under entrustment from provincial and district budgets totaled over 789 billion VND (an increase of over 159.5 billion VND compared to the beginning of the year, accounting for 9.76% of the total funding).

As of December 31, 2024, the total outstanding loans under policy credit programs reached over 8 trillion VND (an increase of over 660 billion VND compared to the beginning of the year, representing a growth rate of 9.4%), achieving 100% of the plan assigned by the Vietnam Social Policy Bank, with 141,283 customers still having outstanding loans. Of this, outstanding loans from central government funds amounted to over 7.2 trillion VND (an increase of over 505 billion VND compared to the beginning of the year); outstanding loans from local government budget funds amounted to over 778 billion VND (an increase of over 155.1 billion VND compared to the beginning of the year).

The total overdue and non-performing loans across all branches accounted for only 0.18% of the total outstanding loans. The entire province had four units with no overdue loans: Hoi An, Phuoc Son, Dong Giang, and Bac Tra My.

Residents of Thang Binh district are investing in the production of rural industrial products effectively thanks to access to preferential loans. Photo: Q. VIET

As of December 31, 2024, the entire province had 3,380 savings and loan groups. Of these, 3,252 groups were rated good (accounting for 96.21%), 126 groups were rated fair (3.72%), and 2 groups were rated average (0.05%).

In 2024, the total outstanding balance of entrusted policy credit through 4 socio -political organizations reached over 8 trillion VND with 140,785 customers (accounting for 99.7% of the total outstanding balance).

Local funds entrusted to the Vietnam Bank for Social Policies (NHCS) increased by over 710.5 billion VND, bringing the total entrusted funds of Quang Nam to over 789 billion VND. Notable examples of localities entrusting significant budget funds to NHCS include Hoi An with over 39.2 billion VND, Tam Ky with over 29 billion VND, and Nui Thanh with over 13.6 billion VND…

Policy credit helps people in Phu Ninh district develop OCOP products. Photo: Q. VIET

Policy credit has supported investment in production and business for more than 48,300 poor, near-poor, and policy-beneficiary households, contributing to ensuring social security, achieving sustainable poverty reduction, building new rural areas, and developing the socio -economic conditions of ethnic minority and mountainous regions.

In 2025, the Vietnam Social Policy Bank (VSPB) Quang Nam branch aims to achieve a growth rate of 8-10% in capital and outstanding loans, with outstanding loans exceeding 8.7 trillion VND, promptly meeting the capital needs of poor, near-poor, and policy-beneficiary households.

Source: https://baoquangnam.vn/nam-2024-hon-48-300-luot-ho-ngheo-can-ngheo-chinh-sach-duoc-vay-von-uu-dai-3147290.html