Policy credit balance increased 48 times after 21 years

The State Bank has just submitted to the Government a Draft Decree regulating the organization and operations of the Bank for Social Policies.


Data in the report show that, after 21 years, from the end of 2002 to the end of 2023, the total policy credit balance has increased 46 times, from VND 7,022 billion to VND 331,924 billion.

The number of customers with outstanding debt increased from 2.7 million customers with outstanding debt at the end of 2002 to 6.6 million customers at the end of 2023.

The average outstanding debt per household increases from 2.54 million VND/household in 2002 to 48 million VND/household in 2023.

The number of Savings and Loan groups increases from 954 groups in 2002 to about 170 thousand groups in 2023.

The number of policy credit programs from 3 credit programs handed over in 2002 (loans for poor households, loans for job creation, student loans), by 2023 has increased to 27 programs. policy credit program (including a number of policies under the Socio-Economic Recovery and Development Program for the period 2022-2023).

To date, social policy credit capital has been disbursed to 100% of communes, wards and towns across the country with over 40.8 million poor households and other policy beneficiaries receiving loans, sales for Loan reached 742,843 billion VND.

At the extraordinary session in January 2024, the National Assembly passed the amended Law on Credit Institutions in 2024, effective July 1, 2024, in which Chapter II (from Article 16 to Article 26) regulates The Government’s authority over the Bank for Social Policies.


Regarding legal status, after the amended Law on Credit Institutions in 2024 was passed, the State Bank is advising on the development of a draft on the functions and tasks of the Bank for Social Policies. It is a policy bank established by the Prime Minister, operating for non-profit purposes to carry out the State’s social policy credit tasks and other tasks according to the regulations of the Government and the Prime Minister. Government.

Regulations on owners and owner representatives: (i) The State is the owner of the Bank for Social Policies. (ii) The Government uniformly manages and exercises the rights and duties of the state owner of the Social Policy Bank. (iii) The Prime Minister directly exercises the rights and obligations of the owner as assigned by the Government. (iv) Ministries, branches and relevant agencies under the Government perform state management functions according to their authority over the activities of the Bank for Social Policies. (v) The Board of Directors is the direct representative of the state owner at the Bank for Social Policies.

The organizational structure of the Bank for Social Policies remains the same according to the current model.

Capital sources for implementing policy credit: include capital from the state budget, mobilized capital and other legal capital sources.

“From 2002 to the end of 2023, nearly 5.2 million workers, including nearly 135 thousand workers, will go to work abroad for a limited time; nearly 3.8 million pupils and students have difficult circumstances. difficult… have received policy credit loans. In addition, more than 15.6 million clean water and environmental sanitation projects in rural areas and nearly 747 thousand housing units for policy beneficiaries have also been built. from this credit source”.

State bank.

In principle and operational objectives, the State focuses resources on the Bank for Social Policies to implement the State’s social policy credit programs in accordance with national target programs and other contents. content of the country’s socio-economic development strategy in each period.

The Bank for Social Policies effectively implements social policy credit programs, develops a variety of products and support services to bring convenience to the poor and other policy beneficiaries, in order to realize realizing the goal of ensuring social security, sustainable poverty reduction, and constantly improving the material and spiritual life of the people.

Improve the operational capacity of the Bank for Social Policies to develop in a stable and sustainable direction, with enough capacity to well implement social policy credit.

The Bank for Social Policies is subsidized by the state budget with preferential credit interest rates and management fees, is guaranteed its solvency by the Government, and is exempt from paying taxes and other amounts payable to the state budget. implement mandatory reserves and do not have to participate in deposit insurance.

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