Hanoi (VNA) - The Vietnam Bank for Social Policies (VBSP) reached over 398 trillion VND in loans, an increase of 30.4 trillion VND, providing support to more than 6.7 million poor households and policy beneficiaries accessing loans during the first nine months of 2025.
The VBSP held a hybrid (in-person and online) conference on the afternoon of October 3, to review its results over the first nine months of 2025 and implement plans for the remaining months of the year.
Stable, efficient, and seamless operations
According to the report, as of September 30, 2025, VBSP’s total capital sources reached nearly 422.7 trillion VND, representing a 10.6% increase compared to the end of 2024. Notably, entrusted capital from local budgets reached 63.2 trillion VND, increasing by 12.5 trillion VND, which accounts for 14.9% of the Bank’s total capital. Remarkably, 31 out of 34 VBSP branches met or exceeded their assigned capital mobilisation targets for 2025.
Over the nine-month period, total disbursement reached over 105.4 trillion VND, providing capital access to more than 1.66 million poor households and other policy beneficiaries. Loan recoveries totaled 68.3 trillion VND, equivalent to 64.8% of the total lending volume.
By the end of the period, the Total Outstanding Policy Credit reached 398.1 trillion VND, an increase of 30.4 trillion VND, equivalent to 8.3% compared to the end of 2024. Currently, nearly 6.73 million poor households and policy beneficiaries have outstanding loans with VBSP.
The total Non-Performing Loans (NPLs) and written-off debt for the entire system stood at VND 2.174 trillion, accounting for 0.55% of the total outstanding balance. Significantly, 31 out of 34 branches maintained an NPL ratio below 0.5% of the total outstanding balance, reflecting the guaranteed quality of policy credit.
In adherence to Resolution No. 18-NQ/TW (October 25, 2017), Conclusion No. 127-KL/TW (February 28, 2025), Resolution No. 60-NQ/TW, and the Prime Minister’s Decision No. 759/QD-TTg (April 14, 2025) on the streamlining of administrative units at all levels and the establishment of the two-tier local government model, VBSP successfully completed the consolidation and streamlining of its organizational structure according to the plan approved by the Board of Directors.
The new structure has stabilised, and personnel have been appropriately deployed, ensuring all units continue to execute their tasks and employees can work with peace of mind. Following the rearrangement, the entire system has fully maintained all operations, continuing to run stably and seamlessly.
Commune Transaction Point (CTP) activities have been maintained as before, with transaction locations arranged by the Commune People's Committees to ensure safety and convenience for the public. The names, signboards, and public display boards at CTPs have also been adjusted to align with the two-tier local government model. As of September 30, 2025, there are 9,970 transaction points nationwide. VBSP has allocated resources to ensure safe and smooth transactions; 100% of branches received a "good" rating for the quality of their CTP operations.
The policy credit capital disbursed over the last nine months has helped create jobs for over 601,000 workers, including more than 6,800 workers going abroad for fixed-term employment. It has also supported nearly 4,100 reintegrated ex-offenders in finding stable employment; provided educational loans to over 20,000 disadvantaged students/pupils, including 788 students/pupils pursuing science and technology disciplines (STEM); financed the construction of over 1.2 million clean water and rural sanitation facilities; built over 2,900 houses for poor households, and nearly 7,500 social housing units for low-income beneficiaries.
Promoting mobilisation of entrusted capital from local budgets
Addressing the conference, VBSP General Director Duong Quyet Thang highly commended the efforts of the entire system for successfully completing their tasks over the past nine months. He specifically praised the stable and effective maintenance of the operational network, especially the Commune Transaction Points and the Savings and Credit Groups (SCGs) following the administrative unit streamlining under Resolution No. 60-NQ/TW.
On the occasion of the 30th anniversary of the system's establishment and development - from the Bank for the Poor to the current Vietnam Bank for Social Policies - the General Director emphasised that over the past 30 years, the entire system has evolved into a unique and distinctive social policy bank model exclusive to Vietnam. Its recognized contributions have included the prestigious title of Hero of Labor in the Doi Moi (Renewal) Era.
Building on these achievements, the General Director requested units at the Head Office and provincial/city branches to proactively coordinate closely with local authorities, intensify the implementation of Directive 39-CT/TW, and successfully complete all assigned tasks. Furthermore, he urged special attention to loan inspection, supervision, and recovery to enhance the quality of policy credit.
Regarding the future direction, he requested the entire system to research and identify strategies appropriate for the new context and era; ensure the capital and resources necessary to serve policy beneficiaries; strictly implement governance, inspection, and supervision; enhance IT modernisation; and dedicate themselves to building an increasingly strong system to contribute to social security stability.
On this occasion, the Organising Committee announced commendation decisions for individuals and collectives who achieved excellence in emulation movements, and for provincial/city VBSP branches with outstanding performance in the first nine months. The Committee also launched a donation drive, calling on all officials, union members, and employees within the system to support people in overcoming the consequences of Typhoon No. 10 (Bualoi)./.
