Strive to soon reach the target of increasing local entrusted capital sources to serve policy credit

To improve the effectiveness of policy credit in the new period, the Standing Committee of Hai Duong Provincial Party Committee has just issued Directive 57-CT/TU.

The Provincial Party Standing Committee sets a target that by the end of 2025, the capital entrusted from the local budget will account for at least 15% of the total capital of the provincial branch of the Social Policy Bank.

By completing this goal, Hai Duong will reach the finish line 5 years ahead of the target in Directive 39-CT/TW of the Secretariat on improving the effectiveness of social policy credit in the new period.

The Provincial Party Standing Committee requested Party committees at all levels, Party organizations, authorities, the Fatherland Front and socio-political organizations to advise on perfecting the system of credit mechanisms and policies towards inclusiveness and sustainability; placed in the overall implementation of the 10-year socio-economic development strategy 2021-2030, the 5-year socio-economic development plan 2026-2030, the national comprehensive financial strategy to 2025, orientation to 2030, the development strategy of the Social Policy Bank to 2030 and national target programs.

See full text of the Directive of the Provincial Party Standing Committeehere.

As of December 31, 2024, Hai Duong's total outstanding policy credit balance was nearly VND 5,510 billion, an increase of 15.5% compared to the beginning of the year, with nearly 89,760 households borrowing loans with outstanding debt.

Tu Ky is the locality with the highest outstanding policy credit balance in the province, with nearly 513 billion VND, 9,321 households with outstanding loans. Nam Sach is ranked second, with nearly 492 billion VND, with 8,414 households with outstanding loans. Chi Linh is ranked third, with outstanding credit balance reaching nearly 482 billion VND, 6,263 households with outstanding loans.

By December 31, 2024, 12/12 affiliated units in localities in the province exceeded the plan for local capital growth for the whole year.

On the morning of January 5, 2024, the Vietnam Bank for Social Policies held a conference to deploy tasks for 2025. In 2024, the Hai Duong branch was awarded by the General Director of the Vietnam Bank for Social Policies for its outstanding achievements in operations. The unit ranked third in the entire system, the unit ranked second in region 2 (Red River Delta region).

The Social Policy Bank, Hai Duong province branch, was also commended for its special project on advising on additional local entrusted capital sources in 2024.