Điện Biên Branch of Vietnam Bank for Social Policies strives to achieve 100% of assigned credit plan in 2025

DBP - On January 20, the Điện Biên Branch of the Vietnam Bank for Social Policies (VBSP) convened a conference to roll out its 2025 mission.

In 2024, the Điện Biên Branch of VBSP closely followed the directives of the General Director of the VBSP and the bank’s Board of Directors, effectively implemented preferential credit policies across the province.

The branch worked closely with relevant departments, sectors, and local authorities to promptly roll out new credit policies, including loans for rural clean water and sanitation, social housing, and re-entry policies and programs for ex-offenders after incarceration.

Overview of the conference.

As of now, the branch’s total credit capital has surpassed VNĐ 5,017 billion, marking an increase of over VNĐ 340 billion compared to 2023, with a growth rate of nearly 7.3%. Over the past year, the branch has effectively delivered preferential credit policies to the intended beneficiaries, consistently improving credit quality. Policy credit capital has provided loans to more than 21,200 low-income households and other priority groups, created nearly 3,300 new jobs through career creation loans, supported the construction or improvement of over 5,600 rural clean water and sanitation facilities, and financed the construction of 69 social housing units. These efforts have significantly contributed to poverty reduction and social welfare in the province.

Mr. Hoàng Ngọc Thương, Director of the Điện Biên branch of the VBSP, speaks at the conference.

The quality of credit activities at the communal, district, and provincial levels has been enhanced and strengthened. Among savings and credit groups, 96% are rated good or fair. Transactions via the Policy Credit Management app have surpassed 98%, with all 129 commune-level units classified as excellent and six out of ten transaction offices rated as outstanding. The digital transformation has been given particular attention through services such as mobile banking (24/7 money transfers, payment services, phone top-ups, QR Pay), and the Policy Credit Management app. Additionally, the VBSP is actively coordinating efforts to clean and standardize data for upgrading the Intellect Core Banking system of the VBSP, aiming to enhance management efficiency and expedite the implementation of the Government’s digital transformation plan.

At the conference, several delegates discussed achievements in 2024 and pointed out existing limitations and shortcomings. They proposed solutions to overcome challenges and ensure the effective implementation of key tasks in 2025 for the branch.

Awards presented to 6 units for outstanding performance in the 2024 emulation campaign.

For the 2025 missions, the branch aims to align with directions of the VBSP and the provincial People’s Committee, focusing on promoting social welfare and sustainable poverty reduction through policy credit programs. It outlines 8 key objectives, including achieving 100% of its assigned credit plan, maintaining a delinquency rate below 0.25% of total outstanding loans, achieving 100% interest collection, and exceeding 100% of financial targets to ensure employee income. Furthermore, it targets to promote the usage of mobile banking services to over 6,000 clients with outstanding loans and ensure that 98% of savings group leaders use the Policy Credit Management app. To meet these goals, the branch has identified 9 solutions to successfully fulfill its tasks while improving credit quality and ensuring that loans reach the target beneficiaries.

On this occasion, the branch commended outstanding performances in 2024. The Điện Biên District VBSP transaction office received the top award for excellence in the emulation campaign last year. Six units were recognized for outstanding achievements, while 7 units were acknowledged for their commendable efforts. Additionally, 14 individuals received awards for their exemplary professional achievements, and 10 collectives were honored for their exceptional contribution to completing the task of mobilizing entrusted investment funds for poverty alleviation and other policy loans in 2025.

Phạm Quang
Comment

You have 500/500 characters left

Please enter 5 or more characters!!!

Recent news

  • 'Happy homes, stronger country

    Happy homes, stronger country

    NEWS - POLITICS -
    ĐBP - The family is the fundamental unit of society, playing a vital role in its formation and development. Under the theme “Happy homes, stronger country”, Vietnam Family Day (June 28) in 2025 once again honors family values, underscoring the importance of the family unit in the growth and well-being of the nation.
  • 'Fostering and developing young party members

    Fostering and developing young party members

    NEWS - POLITICS -
    ĐBP - In the context of difficulties in creating sources of new party members, actively identifying and nurturing outstanding young people, especially youth union members, is a priority for the local party committees in Điện Biên province. This approach not only enhances the quality of party members but also ensures the continuity and growth of party organizations at the grassroots level.
  • 'The silent war

    The silent war

    NEWS - POLITICS -
    ĐBP - The battle against drugs in Điện Biên province continues to unfold silently yet fiercely and perilously. Every victory in this war is not only won through intellect and resolve but often through sweat, tears, and even sacrifice.
  • 'Ensuring safe mining operations during rainy season

    Ensuring safe mining operations during rainy season

    BUSINESS -
    ĐBP - As the rainy season approaches, ensuring safety in mining and mineral processing activities, especially in mountainous areas, is of paramount importance. The risks of landslides, flash floods, and flooding always loom, posing significant threats to human lives, business assets, and the local community.
  • 'Điện Biên races to implement two-tier local government system

    Điện Biên races to implement two-tier local government system

    NEWS - POLITICS -
    ĐBP - With just a few days remaining, the two-tier local government system is set to be officially operational, laying the foundation for a new phase of development. Ahead of this historic moment in the ongoing administrative restructuring revolution, the atmosphere of urgency is palpable across localities, with efforts intensifying to complete all tasks on time, working day and night.
  • 'Diverse forms of dissemination for Party congresses at all levels

    Diverse forms of dissemination for Party congresses at all levels

    NEWS - POLITICS -
    ĐBP - In recent times, the Party Committee of the Điện Biên provincial People’s Committee has focused on directing and enhancing the dissemination efforts for the party congresses at all levels through various forms and content. This aims to affirm the leadership role of the Party and strengthen public trust.
  • 'Maintaining peace along the border

    Maintaining peace along the border

    NEWS - POLITICS -
    ĐBP - Nearly two years into the pilot implementation of the “Drug-free border commune” model, Vàng Đán commune (Nậm Pồ district, Điện Biên province) has seen notable improvements in public security and order. Drug-related crime and social evils have significantly declined, contributing to local stability and creating favorable conditions for socio-economic development.
  • 'Điện Biên exchanges potential for cooperation with Caen city (France)

    Điện Biên exchanges potential for cooperation with Caen city (France)

    NEWS - POLITICS -
    ĐBP - On June 25, the Điện Biên provincial People’s Committee held an online meeting to discuss potential for cooperation across various fields with the government of Caen city, Calvados prefecture, France. Vice Chairman of the provincial People’s Committee Vừ A Bằng chaired the meeting from Điện Biên, while Cécile Cottenceau, Deputy Mayor of Caen, chaired the meeting from the French city.
  • '50 children in special circumstances trained in swimming and drowning prevention skills

    50 children in special circumstances trained in swimming and drowning prevention skills

    SOCIAL AFFAIRS -
    ĐBP - 50 children with special circumstances, currently residing at the SOS Children’s Village Điện Biên Phủ, the provincial Social Welfare Center, and from underprivileged families in several districts and communes in Điện Biên province participated in a swimming and drowning prevention skills training course organized by the provincial Department of Culture, Sports, and Tourism.
  • 'Realizing dream of stable housing

    Realizing dream of stable housing

    SOCIAL AFFAIRS -
    ĐBP - With the spirit of “Mutual Support - No One Left Behind,” in recent years, Điện Biên province has maximized its resources and effectively implemented housing policies for people from policy backgrounds. Every new house completed not only helps people settle down but also gives them the motivation to focus on production and work toward sustainably reducing poverty.
  • 'Trial operation of local government after administrative restructuring in Điện Biên

    Trial operation of local government after administrative restructuring in Điện Biên

    NEWS - POLITICS -
    ĐBP - On June 25, Điện Biên Phủ ward, Thanh Nua commune, and Na Sang commune conducted a trial run of their local government operations after the completion of the district-level government restructuring and the implementation of the two-tier local government model. These localities tested two activities: holding their first meeting of the People’s Council and operating the Public Administrative Service Center.
  • 'Maintaining ideological stability in administrative restructuring

    Maintaining ideological stability in administrative restructuring

    NEWS - POLITICS -
    ĐBP - The restructuring of administrative units at the commune level is a major policy of the Party and State to streamline the apparatus and improve the operational efficiency of local governments, ultimately serving the people better. To ensure the successful implementation of this process, Điện Biên province has particularly focused on ensuring safety and security, with strong, specific, and timely guidance.
  • 'Ready to establish Điện Biên College

    Ready to establish Điện Biên College

    SOCIAL AFFAIRS -
    ĐBP - After much consideration and planning to align with the province’s development needs, the proposal to establish Điện Biên College is being developed with the goal of merging two vocational education institutions: Điện Biên Vocational College and Điện Biên College of Economics and Techniques, into a single entity named Điện Biên College. This new institution will serve as the province’s key vocational education and training facility.