Immediately after the Central Party Secretariat issued Directive No. 39-CT/TW, the Provincial Party Standing Committee quickly concretized it with Plan No. 285-KH/TU dated February 21, 2025. The Provincial People's Committee issued Official Letter No. 1827/UBND-KT dated March 14, 2025 to implement it. The decisive and coordinated involvement from the Party committees, government, and political and social organizations has created widespread momentum, bringing the Party's policies into real life.

Mr. Nguyen Thanh Dong, Deputy Director of the Social Policy Bank (NHCSXH) of the province, emphasized: "The implementation of Directive No. 39-CT/TW has significantly raised the awareness and responsibility of the entire political system regarding the task of policy credit. This has unlocked resources and created conditions for the poor and policy beneficiaries to improve their lives."

The provincial branch of the Vietnam Bank for Social Policies (VBSP) proactively advised local Party committees and authorities to issue numerous guiding documents, while also strengthening close coordination with the Fatherland Front , political and social organizations, and the press in disseminating and publicizing policies. These efforts were concretized through Official Letter No. 1736/NHCS-KHTD and Official Letter No. 337/MTTQ-BTT at the end of 2024, contributing to bringing credit policies closer to the people, especially those in remote and disadvantaged areas who still face many difficulties in accessing information and financial services.

Without needing investments of hundreds of millions of dong, with just a few tens of millions of dong from policy-based credit, many households in Ca Mau can turn around their lives, generate income, and stabilize their economy .

Credit officers from the U Minh District Branch of the Vietnam Bank for Social Policies visited Mr. Huynh Thanh Hung's pig farming model.

Credit officers from the U Minh District Branch of the Vietnam Bank for Social Policies visited Mr. Huynh Thanh Hung's pig farming model.

Mr. Huynh Thanh Hung, from Hamlet 7, Khanh Lam Commune, U Minh District, shared: "I borrowed 45 million VND from the program for production and business in disadvantaged areas to renovate my pigpens and buy breeding pigs. Thanks to this capital, my family has the means to raise livestock, making our family's economy increasingly stable and expanding the model."

With a loan of 40 million VND from the Vietnam Bank for Social Policies, Ms. Nguyen Hang Ny, from Hamlet 5, Tan Thanh Commune, Ca Mau City, invested in importing raw materials to produce various dried shrimp products and shrimp patties. "Thanks to this, my business has expanded significantly. I mainly sell online through Zalo and Facebook, so I can reach more customers, and my income has increased noticeably," Ms. Ny said.

Ms. Nguyen Hang Ny expanded her business and increased her income thanks to policy-based credit loans.

Ms. Nguyen Hang Ny expanded her business and increased her income thanks to policy-based credit loans.

However, according to Mr. Nguyen Thanh Dong, this work in the province faces many challenges, such as: a large geographical area, inconvenient transportation, and natural disasters and epidemics significantly affecting people's access to capital. Meanwhile, the capital from the local budget entrusted for lending only reaches about 8% of the total capital, lower than the national average.

Nevertheless, with the motto that every employee is a propagandist, the staff of the Provincial Social Policy Bank always takes the lead in thoroughly understanding and studying Directive No. 39-CT/TW, spreading the spirit of service and companionship with the people. This enhances the effectiveness of policy implementation in a practical context still fraught with difficulties.

By the end of the first quarter, the total policy credit capital in the province reached VND 4,528 billion, an increase of VND 101 billion compared to the beginning of the year. Of this, capital from the central government accounted for 83.6%, local budget accounted for 8%, and capital mobilized for interest rate subsidies accounted for 8.4%.

Simultaneously, the province also implemented specific policies such as: Regulations on the management and use of entrusted capital (Decision No. 12/2020/QD-UBND), the Project to supplement loan capital to support employment associated with the construction of new rural areas (Decision No. 4131/QD-UBND), along with many loan policies for households engaged in traditional crafts, people going abroad for labor export, etc.

By the end of the first quarter, the total outstanding loan balance reached VND 4,510 billion, an increase of VND 98 billion compared to the beginning of the year; there were 134,918 customers with outstanding loans, averaging VND 33 million per person. Notably, entrusted capital from the local budget increased by VND 14.2 billion, bringing the total to VND 366.5 billion, demonstrating the province's determination to proactively secure resources to serve the people.

The provincial branch of the Vietnam Bank for Social Policies continues to advise on increasing the proportion of local entrusted capital, aiming for at least 15% of total entrusted capital by 2030, creating increasingly favorable conditions for access to credit for the poor and vulnerable groups.

Directive No. 39-CT/TW is not only a political guideline but also a compass in implementing social credit policies, placing people at the center of development. With close attention and guidance from the Central Government, along with the decisive involvement of localities, policy credit capital is gradually proving effective, contributing to supporting people's economic development and improving their quality of life.

Hong Phuong

Source: https://baocamau.vn/nguon-von-nho-thay-doi-lon-a38529.html