Policy Credit Contributes to the Development of a New An Giang

In recent years, VBSP An Giang Provincial Branch has become a solid foundation for ensuring social security, supporting thousands of poor households to overcome difficulties, creating jobs, and promoting local economic growth. Particularly in the context of the two-tier government system, An Giang province strives to reduce the poverty rate to 0.99% and the near-poverty rate to 2% by 2025.

VBSP staff are always dedicated to helping people use loans for the right purposes and achieve economic efficiency

Mobilizing All Resources

Mr. Le Trung Ho, Vice Chairman of the Provincial People’s Committee and Chairman of the Board of Directors of VBSP An Giang, stated: Policy credit serves as an important driving force, enabling people to access preferential credit from the Government and VBSP, acting as a key instrument to ensure social security and contributing to making An Giang a comprehensively developed province in the Mekong Delta region.

Mr. Doan Cong Thiet, Acting Director of VBSP An Giang Branch, shared: Thanks to the attention of Party committees, local authorities, and the close direction of VBSP headquarters, together with the efforts and innovative approaches of staff, the branch has established an effective and distinctive credit management model. This ensures that preferential funds from the Government are delivered directly to each poor household and ethnic minority family in a transparent and democratic manner.

This unique approach has generated clear economic results and significant socio-political impacts. To date, the branch has implemented 20 credit programs and several entrusted local projects, enabling more than 50,000 poor households and other policy beneficiaries to access preferential credit.

These include loans for production and business facilities, creating jobs for over 14,900 workers and supporting 320 laborers to work abroad under fixed-term contracts; providing jobs for 96 rehabilitated individuals after prison sentences; helping more than 782 disadvantaged students access education loans; supporting over 2,591 business households and traders in disadvantaged areas to invest in production; financing more than 16,900 households to build clean water and rural sanitation works; and providing 28 households with loans to build, renovate, or purchase social housing as regulated by the Government.

Transaction points of VBSP An Giang Branch have continued to operate smoothly and consistently

As of August 31, 2025, the branch’s total policy credit capital reached USD 517 million, including nearly USD 48 million entrusted from the local budget, an increase of USD 12.4 million compared to the beginning of the year. The total outstanding loans exceeded USD 516 million with 308,754 active borrowers. Credit growth was mainly concentrated in major programs such as loans for poor households, near-poor households, post-poor households, rural clean water and sanitation, and job creation.

The branch always attaches importance to credit growth coupled with quality improvement by consistently directing its units to comply with lending procedures, improve transaction quality at commune-level points, strengthen savings and credit groups, and enhance debt management. It has closely coordinated with mass organizations entrusted with lending to provide training, technical assistance, and guidance for borrowers to use loans effectively in production and business. As a result, many households have repaid their loans in full and on time, sustainably escaping poverty.

At the same time, the branch promptly monitored and assessed damage caused by natural disasters, saline intrusion, and the Covid-19 pandemic to instruct transaction offices to guide borrowers in applying for additional loans to restore production, shift occupations, and stabilize their livelihoods.

Ensuring Consistent Credit Access

Local residents have developed livelihood models thanks to policy credit

The branch has proactively advised Party committees and authorities to effectively implement Directive No. 40-CT/TW and Directive No. 39-CT/TW of the Party Secretariat. Entrusted funds from the local budget through VBSP have steadily increased, providing additional resources for policy credit implementation.

Mr. Tran The Loan, Deputy Director of VBSP An Giang Provincial Branch, said: After the merger, although the province’s area is larger, with a higher population and fewer communes and wards, the network of transaction points and transaction schedules with clients have remained unchanged. Preferential credit from the Government continues to flow smoothly and consistently, ensuring that people’s access to loans is not disrupted.

The branch has prioritized setting up transaction points in newly established communes, while the remaining points are located at old commune People’s Committee offices and community cultural houses in villages and hamlets. Thanks to this arrangement, over the past two months, VBSP transaction offices across the (new) An Giang province have maintained uninterrupted operations.

Through a network of 6,361 Savings and Credit Groups at village and neighborhood levels, the branch has delivered funds timely and safely to even the most remote areas (borderlands and coastal zones) directly reaching poor households and ethnic minority families.

For example, Mr. Danh Kha in Hamlet 2, An Bien commune, used preferential loans to shift his production model to one rice crop and one shrimp crop per year. He also grows bitter melon, cucumbers, and string beans on idle land around his home. His family now earns nearly USD 12,000 annually from farming.

In the coming time, VBSP An Giang Provincial Branch will continue to implement Directive No. 39-CT/TW dated October 30, 2024, of the Party Secretariat on enhancing the effectiveness of policy credit in the new period, ensuring the smooth and consistent flow of preferential credit to serve people conveniently and effectively.

Thanh Van - Dong Du