This capital has promptly met loan needs, helped people invest in economic development, contributed to the effective implementation of the National Target Program on Sustainable Poverty Reduction, ensured social security and limited high-interest lending.
Important role in poverty reduction
According to the report of Nghe An Social Policy Bank, there are currently 22 credit programs being implemented. In the 2021-2025 period, lending sales reached VND17,458 billion, debt collection VND12,057 billion. By July 31, 2025, total outstanding loans reached VND 14,400 billion with more than VND 219,000 customers, an increase of VND 5,392 billion compared to the end of 2020; an average growth of 9.9%/year.
The capital has supported 346,891 poor households and policy beneficiaries for production development. Of which, 35,763 poor households, 64,755 near-poor households and 39,314 newly escaped poverty households have borrowed capital to stabilize their income and limit falling back into poverty. Policy credit also contributes to creating jobs for 40,068 workers, including many effective youth and women's startup models.
For education, 7,807 students in difficult circumstances have been able to borrow capital for their studies; 427 people who have completed their prison sentences have been able to borrow capital for reintegration. In the context of recovery after the COVID-19 pandemic, 110 businesses have been able to borrow to pay their severance pay, 70 non-public kindergartens and primary schools have been supported with loans to restore operations; 10,866 households have been able to borrow to buy computers to study online.
The clean water and rural environmental sanitation program has helped 120,307 households build 240,607 standard water and sanitation works, improve the quality of life and build new rural areas.
Social housing credit also supports 1,434 people to build new and repair houses; 2,864 ethnic minority and mountainous households borrow capital for economic development; 21,358 households in disadvantaged areas are allowed to borrow for production and business.
It can be affirmed that policy credit plays an important role in sustainable poverty reduction through supporting livelihoods, creating jobs and increasing income. In the 2021-2025 period, more than 110,000 households escaped poverty thanks to policy capital; the poverty rate decreased from 7.8% (2021) to 4.16% (2025), near-poor households from 6.59% to 5.42%, contributing to the stability and development of the province's socio-economy.
escape the black credit trap
According to the Supervisory Delegation of the Provincial People's Council Standing Committee on crime prevention related to "black credit", the expansion of policy credit has met most of the loan needs of poor households and policy beneficiaries, contributing to reducing high-interest loans, promoting socio-economic development and building new rural areas.
In reality, policy credit helps people access appropriate and safe financial resources instead of seeking "black credit". A wide network of transactions with 6,058 Savings and Loan Groups in the village has created conditions for quick loans, reduced costs, and promoted the spirit of mutual support in the community.
However, some programs such as job creation loans, clean water - environmental sanitation, social housing... have not yet met the demand; the proportion of local entrusted capital has only reached 4.9%, lower than the national average (15%). Some poor and near-poor households arising during the year have not been supplemented in a timely list, so they have not accessed capital.
To improve the effectiveness of policy credit, the Supervisory Delegation proposed that the Provincial People's Committee prioritize the allocation of local budgets entrusted to the VBSP to supplement lending capital; at the same time, direct the review of programs for the poor to perfect the mechanism, increase the loan limit and transfer the "for no" support to the form of preferential lending suitable for reality.
The provincial Social Policy Bank needs to improve the quality of commune-level transaction points, enhance safety and convenience for borrowers; review the capital needs of newly arising groups after the merger; foster the capacity of the Head of the Savings and Loan Group. The application of information technology in capital management and supervision is also an important solution to help transparency, improve policy credit efficiency, contribute to sustainable poverty reduction and socio-economic development in the province.
