Positive signals from Directive 39

In response to development requirements in the new context, on October 30, 2024, the Central Party Secretariat issued Directive No. 39-CT/TW on improving the effectiveness of policy credit (TDCS) in the new period (referred to as Directive 39). This is considered one of the important solutions of the Party and State to ensure the goal of becoming an upper-middle-income country by 2030 and a high-income country by 2045.

The Social Policy Bank system quickly deployed Directive 39 to all beneficiaries.

Directive 39 was issued, clearly affirming the role and responsibility of Party committees at all levels, authorities, the Fatherland Front and socio-political organizations in implementing and improving the effectiveness of TDCS, while at the same time closely linking it with local socio-economic development planning. The Directive also emphasized the expansion of the scope, scale, subjects and increasing the loan amount and loan term to suit the actual situation, especially in supporting those affected by natural disasters, epidemics, poor students and other emergencies. At the same time, it required the implementation of the highest preferential level for poor households, ethnic minority households, disadvantaged areas, ethnic minority areas and mountainous areas; followed by near-poor households and newly escaped poverty households; and other policy subjects.

To put Directive 39 into practice, on January 6, 2025, the Provincial Party Standing Committee issued Action Program No. 75-CTr/TU. Then, on February 10, 2025, the Provincial People's Committee developed Plan No. 544/KH-UBND to implement the Action Program, in order to concretize the Directive with the goal of effectively implementing the organizational model and specific TDCS management method; increasing resources for the Bank for Social Policies to implement TDCS programs.

In particular, the average annual growth of State development investment credit capital is about 10%; the capital structure is stable and sustainable, the local budget entrusts loans to account for about 15-20% of the total credit growth of the Vietnam Bank for Social Policies every year and ensures that by 2030, the proportion of local budget capital will be transferred to account for 15% of the total capital for credit activities in the area, 100% of the poor and other policy subjects with needs and conditions will have access to financial products and services provided by the Vietnam Bank for Social Policies; the overdue debt ratio is below 1% of total outstanding debt...

As soon as the program and plan were in place, all levels, sectors and localities in the province focused on leading, directing, disseminating, thoroughly grasping and organizing the implementation of the Party's guidelines and policies, the State's policies and laws on TDCS, creating a high level of consensus in the awareness of the position and role of TDCS. To achieve the goals, the system of the Bank for Social Policies in the province, with its key role, advised local Party committees and authorities to implement Directive No. 39, focusing on increasing the mobilization of resources for TDCS. Thereby, credit capital continued to be expanded to the right beneficiaries, bringing practical results to poor households and other policy beneficiaries, especially in difficult areas, contributing significantly to poverty reduction, job creation, and income improvement for local workers so that "no one is left behind".

Mr. Nguyen Duc Ha's household in Van Thang area, Dong Luong commune, Cam Khe district received a loan of 78 million VND from the clean water and job creation program. From there, the family invested in raising pigs for high economic efficiency.

In just a short time of implementing Directive 39, up to now, the growth rate of TDCS in the province has reached 4.23%, the local capital entrusted to the Bank for Social Policies for lending has reached 175.5 billion VND, the overdue debt rate is 0.11%. The total outstanding credit balance is currently 6,639.7 billion VND with 113,407 customers with outstanding debt. TDCS programs not only help people escape poverty but also contribute to building new rural areas and sustainable socio-economic development.

Comrade Truong Viet Phuong - Director of the Provincial Bank for Social Policies Branch affirmed: The viewpoints in Directive 39 are creative and deeply humane; not only are they a tool to support economic development, but they are also closely linked to the goal of building a fair and progressive society. TDCS helps people to be self-reliant in developing production and improving their lives, thereby creating fairness and effective poverty reduction. In the coming time, the Provincial Bank for Social Policies will continue to promote the implementation of Directive 39, in order to continue bringing preferential credit policies into real life. Actively coordinate with relevant departments, branches and sectors, advise local Party committees and authorities, lead and direct the dissemination of the content of Directive 39 to all Party members, cadres and people, in order to raise awareness of the position and role of TDCS and the responsibility of socio-political organizations in deploying and implementing credit programs.

Phuong Thao

Source: https://baophutho.vn/tin-hieu-kha-quan-tu-chi-thi-39-229929.htm