On the afternoon of August 14, Prime Minister Pham Minh Chinh chaired a national online conference to review 10 years of implementing Directive 40-CT/TW of the 11th Party Central Committee Secretariat on strengthening the Party's leadership over social policy credit (SPC) at 63 points nationwide.
Chairing at Lao Cai bridge point was comrade Giang Thi Dung, Vice Chairman of the Provincial People's Committee.
Also attending were comrade Ly Binh Minh, Vice Chairman of the Provincial People's Council; leaders of a number of provincial departments and branches; members of the Board of Directors of the Provincial Social Policy Bank.
After 10 years of implementing Directive 40-CT/TW dated November 22, 2014 of the Central Party Secretariat on strengthening the Party's leadership over social policy (hereinafter referred to as Directive No. 40), in the context of many difficulties and challenges in the international and domestic situation, the Central Bank for Social Policies (CBSP) always closely follows the Party's leadership policies and guidelines, the Government's directions; closely coordinates with ministries, branches, Party committees, local authorities, and socio-political organizations entrusted with resolutely directing the CBSP branches in provinces and cities in implementing social policy.
Thanks to that, the tasks and goals set out in Directive No. 40 were basically completed; social policy activities in the period of 2014 - 2024 achieved many important achievements and results.
In 10 years, the social credit capital has reached 100% of communes, wards and towns nationwide. This is also the most widely implemented policy, meeting the large capital needs of the poor. Since Directive No. 40 was issued, localities nationwide have focused on, paid attention to, and prioritized the allocation of local budgets entrusted to the Vietnam Bank for Social Policies to supplement loan capital.
By July 31, 2024, the capital entrusted from localities at all levels reached VND 47,350 billion, accounting for 12.7% of the total capital, an increase of VND 43,542 billion compared to before Directive No. 40. Currently, 100% of provincial and district-level units have balanced and entrusted local budget capital to the Vietnam Bank for Social Policies to supplement loan capital.
Total outstanding loans of policy credit programs reached VND350,822 billion, an increase of VND221,365 billion compared to the end of 2014, with more than 6.8 million poor households and policy beneficiaries still having outstanding loans, the average annual growth rate reached 10.5%.
In Lao Cai, over the past 10 years, the province has balanced 351 billion VND to supplement capital sources to meet the economic development loan needs of the poor and policy beneficiaries.
Social policy credit activities in the province over the past 10 years have helped 239,000 poor households and other policy beneficiaries borrow capital from the Vietnam Bank for Social Policies, contributing to helping 71,000 households overcome the poverty line; creating jobs for 46,000 workers; helping 101 workers borrow capital to work abroad for a limited period; more than 3,800 students in difficult circumstances have borrowed capital to study; built more than 80,000 clean water and rural environmental sanitation works... reducing the poverty rate of the whole province from 17.61% in 2014 (according to the old poverty standard) to 14.94% in 2023 (according to the new multidimensional poverty standard).
Speaking at the conference, the Prime Minister assessed that since Directive No. 40 and Conclusion 06-KL/TW were issued, policy credit has entered people's lives faster, achieved more positive results, in line with the Party and State's guidelines and policies in implementing the goal of faster and more sustainable poverty reduction, building new rural areas, ensuring social security, national defense and security, caring for vulnerable groups, leaving no one behind, and narrowing the rich-poor gap between regions and areas across the country.
The Prime Minister requested the VBSP system to continue to strengthen the Party's leadership over the social credit; advise the Government, central ministries, branches, and the Vietnam Fatherland Front on the effective implementation of Directive No. 40 and Conclusion No. 06-KL/TW. Enhance the role, responsibility, and operational efficiency of Party committees, local authorities at all levels, and socio-political organizations in implementing the social credit; pay attention to allocating local budgets to entrust loans to the poor and other policy beneficiaries in the area through the VBSP.
The VBSP system closely coordinates with ministries, branches, and local authorities to effectively link social credit with the implementation of national target programs; science and technology transfer activities; agricultural - forestry - fishery - salt industry extension programs; vocational training; building production linkage models according to value chains, the One Commune One Product program... to promote the efficiency of capital use.
Proactively review and evaluate implementation results to promptly propose credit products suitable for the poor, social policy beneficiaries and management requirements in the new period to expand credit policies in the direction of increasing the quota and expanding the borrowers. At the same time, strengthen the role of Party committees, authorities, the Fatherland Front, organizations at all levels and the VBSP system; enhance the spirit of serving the people, and work with the people to effectively manage and use policy capital.
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