Helping overcome difficulties to escape poverty
Recently, policy credit capital in Can Tho City has become a " stewardess" for many poor, near-poor households and policy beneficiaries, helping them have opportunities to develop their economy, stabilize their lives, and actively contribute to sustainable poverty reduction.
A typical example is the case of Ms. Ly Thi Bich Thuy's family in Nga Nam ward (Can Tho city). In 2012, her family was a poor household, with the largest asset being 2,000m2 of land for growing vegetables. Thanks to access to a loan of 15 million VND from the former Soc Trang Provincial Social Policy Bank (now Can Tho City), she has capital to raise free-range chickens. The first batch of livestock sold profitably, so the family decided to raise the next batch, after which the family gradually increased the number of livestock. Thanks to that, their income is increasingly stable.
"Thanks to timely access to policy loans, my family has production conditions. Thanks to the gradual accumulation, I have now bought more than 1 hectare of rice fields and built a solid house, with an annual income of over 100 million VND," Ms. Thuy informed.
In 2022, Mr. Duong Van Do in Tan Long commune (Can Tho city) was able to borrow 70 million VND from the policy credit of the Social Policy Bank. He used capital to hire workers, buy seeds, and fertilizers to convert 4,000 m2 of ineffective rice fields to grow whole- grainless lemons. With 300 lemon trees, his family earns a profit of 4 - 5 million VND/month, and in the off-season it reaches 15 - 20 million VND/month. Currently, Mr. Do is leasing an additional hectare of land to expand the lemon growing area, increasing income.
Similarly, Ms. Soc Thi My Le, a Khmer ethnic group in Long Phu commune (Can Tho city), was previously a poor household with no land for production. Thanks to 3 loans totaling 180 million VND in policy capital, she invested in a lotus growing model combined with cow raising. Currently, her family rents 1 hectare of land to grow lotus and raise 5 cows, and their lives are gradually stabilizing. "Thanks to policy loans, my family escaped poverty and stabilized our lives as today," Ms. Le shared.
leverage for sustainable poverty reduction
According to the Can Tho City Social Policy Bank, as of August 26, 2025, the total capital reached VND 16,155 billion, an increase of VND 1,356 billion compared to 2024, with a growth rate of 9.16%.
From the beginning of 2025 to now, the Bank for Social Policies has disbursed to more than 71,000 poor households and other policy beneficiaries with lending sales reaching VND 3,672 billion; debt collection sales reaching VND 2,346 billion. Total outstanding loans of 22 policy credit programs reached VND16,107 billion, an increase of VND1,337 billion (+9.05%) compared to 2024, completing 97.37% of the annual plan.
Some credit programs with high outstanding loans are loans to create jobs, maintain and expand jobs to VND 4,707 billion; loans to newly escaped poverty households reach VND 3,478 billion. Outstanding policy credit entrusted through 4 associations and unions reached VND15,668 billion, with more than 355,000 households still in outstanding loans.
Can Tho City Social Policy Bank sets a goal of striving to annually assign local budget capital to account for 15 - 20% of annual outstanding growth, and by 2030 reach 20% of total capital. At the same time, the bank focuses on strengthening the savings and loan team, providing professional training for union officials, strictly controlling debt, ensuring policy credit to the right people, the right needs, and improving credit quality in the city.