Total outstanding loan balance under the social policy credit programmes amounted to 398.1 trillion VND, up 8.3% from 2024, with more than 6.73 million poor, near-poor, and other policy beneficiary households currently holding debts.

Cattle-raising model supported by policy credit loans in the border commune of Ia Lop, Dak Lak Province.

According to the Viet Nam Bank for Social Policies (VBSP), the country currently operates 9,970 transaction points, ensuring safe, efficient, and smooth operations.

In 2024, total credit capital reached over 376 trillion VND—an increase of nearly 30 trillion VND from 2023. Of this, entrusted capital from local budgets stood at 50.681 trillion VND, accounting for 13.5%.

Entrusted capital transferred to the VBSP included funding under National Assembly Resolution No. 111/2024/QH15 on specific mechanisms and policies for implementing national target programmes, which amounted to 2.141 trillion VND across 20 provincial and municipal branches.

Notably, entrusted capital rose significantly in branches such as Ha Noi, Ho Chi Minh City, Quang Ninh, Hai Phong, Hai Duong (former), Binh Duong (former), Cao Bang, and Binh Thuan (former).

In 2024, total loan turnover reached 119.507 trillion VND, providing loans to 2.321 million poor, near-poor, and other policy beneficiary households.

By the end of 2024, total outstanding debt reached 367.631 trillion VND, an increase of 35.708 trillion VND (10.8%) from 2023, with nearly 6.89 million clients remaining indebted.

Total overdue and rescheduled debt across the system stood at 2.05 trillion VND, accounting for 0.56% of total outstanding debt.

Social policy credit capital in 2024 supported production and business investment, creating jobs for over 712,000 workers, including more than 9,300 labourers working overseas under fixed-term contracts and nearly 7,000 former inmates reintegrated into the workforce.

It also enabled over 88,500 disadvantaged students to access loans for study, financed the construction of nearly 1.76 million rural clean-water and sanitation projects, 1,143 houses for poor households to stabilise their lives, and over 6,200 social housing units for low-income groups.

Narrowing the gap between the wealthy and the poor and mobilising financial resources for sustainable development

Leaders attending the G20 Summit have agreed to cooperate in building a mechanism to tax the super-rich. The decision is considered the opening shot in the battle to narrow the gap between wealthy and poor and mobilise financial resources for sustainable development initiatives.

Presidential Office donates to support storm-hit communities

State President Luong Cuong and the Office's staff members each donated at least one day’s salary, aiming to join nationwide efforts to help storm-affected communities recover from severe damage and stabilise their lives.

 

Vietnamese enterprises support Lao children’s schooling

The gifts, including bags and uniforms, are expected to make it easier for the children to go to school, while giving them encouragement to strive in their studies and daily lives.

 

Vietnam always bears in mind valuable support of peace-loving Americans: State President

With the spirit of "leaving the past behind, overcoming differences, and moving toward the future," the President noted that over 30 years of diplomatic relations, the Vietnam - US ties have achieved remarkable development, with Vietnam becoming an important trading partner of the US.

 

Bac Ninh businesses supported to enhance production, business efficiency

BAC NINH - After more than two years of implementing a programme to encourage voluntary legal compliance among enterprises, Customs Sub-Department Region V has accompanied and supported thousands of businesses in Bac Ninh and Thai Nguyen provinces. 

Over 15.1 million USD mobilised in support of Cuban people in a month

The fundraising programme “65 Years of Vietnam–Cuba Solidarity” has garnered more than 400 billion VND (over 15.1 million USD) with nearly 2 million donations as of the morning of September 5, less than a month since its launch.