The Office of the Government has just issued Notice No. 449/TB-VPCP on the conclusion of Prime Minister Pham Minh Chinh at the Conference summarizing 10 years of implementing Directive No. 40-CT/TW of the Secretariat on strengthening the Party's leadership over social policy credit.
The Prime Minister requested to review and complete regulations on policy credit activities to concentrate resources and improve capital structure towards stability and sustainability.
Provide sufficient charter capital, subsidize interest rates and management fees, and ensure capital sources in medium-term and annual public investment plans.
Research and report to competent authorities for consideration and permission to increase the limit of issuing bonds guaranteed by the Government.
Create conditions for the Social Policy Bank to access ODA capital and expand capital mobilization forms to increase resources to expand the target group, increase lending levels in accordance with socio-economic development goals and implement National Target Programs in the coming period.
Research and supplement credit support policies to serve production, business and livelihood activities for people with average living standards, working in agriculture, forestry, fishery, salt production...
Continue to review and improve policies and mechanisms on credit, finance, labor, wages, etc. to create conditions for the Social Policy Bank to be autonomous, develop stably, long-term, sustainably, and have the capacity to implement social policy credit more effectively, but must be appropriate to the scale and risk management capacity of the bank.
Localities need to continue to pay attention to balancing and prioritizing the allocation of local budgets entrusted to the Social Policy Bank, especially capital for loans to create jobs and capital for loans to social housing.
The Prime Minister assigned the Ministry of Construction to preside over and coordinate with the Ministry of Planning and Investment, the Ministry of Finance, and the State Bank of Vietnam to complete by October 2024 the research, development, and implementation of a preferential credit package of about VND 30,000 billion for the Bank for Social Policies to provide loans for purchasing, leasing, constructing, renovating, and repairing houses to implement social policies.
Of which, 15,000 billion VND is capital from issuing government bonds and 15,000 billion VND is from local budget capital entrusted for lending.
The Social Policy Bank focuses on prioritizing capital for ethnic minorities, mountainous areas, particularly disadvantaged areas, border areas, islands, remote areas.
Do a good job of inspection and supervision, improve forecasting and analysis capacity, promote the application of information technology, digital transformation, modernize banking, improve professional management capacity and professional ethics to build a team of prestigious staff with advanced and modern working style, dedicated, devoted, close to the people, serving the people.
