The bank has implemented more than 20 social policy credit programmes and other programmes commissioned by localites, domestic and foreign individuals and organisations. Policy credits have been granted in all localities, mostly in isolated, border and moutainous areas. Up until August 31, 2019, total loans of policy credit programmes reached VND199.8 trillion (US$8.6 billion), an increase of VND57.2 trillion (up 40.2 per cent) in comparision with December 31, 2015. The average annual loan growth rate reached 9.7 per cent with 6.6 million customers benefitting.

From 2016 to August 2019, Viet Nam Bank for Social Polices offered loans to nearly eight million impoverished households and other policy beneficaries with total loan sales of VND221.6 trillion, helping more than 1 million households escape poverty and 200,000 students receive education loans, creating jobs for more than 775,000 workers (including 17,000 Vietnamese overseas workers), building 4.9 million clean water systems in rural areas and more than 108,000 houses for poor households.

Social policy credits are designed with a package of credit products to improve lives of the poor and other policy beneficiaries in which poor households are prioritised, followed by households that are just above the poverty line. The policy covers all beneficiaries and supports them in both reducing poverty and eliminating poverty sustainably. 

According to MOLISA Deputy Minister Le Tan Dung, thanks to the simultaneous implementation of poverty eradication policies by the Government, communities, companies and provinces, Viet Nam has realised the goal set by the National Assembly and Government. On average, the poverty rate decreases by 1.55 per cent per year (about 300,000 households per year), the percentage of poor households in poor districts declines 5.5 per cent per year, while infrastructure in poor districts and people’s lives have been improved. Policies have empowered people to improve their incomes, escape poverty and better their living conditions. At the same time, the preferential credit policy has become a main pillar of Viet Nam’s fight against poverty./.