Living Viet

Policy-Based Credit Empowers Residents of Bac Ninh to Develop Livelihoods

10/11/2026

The collaboration between the Bank for Social Policies in Bac Ninh City, local authorities, and socio-political organizations has ensured that credit reaches the intended recipients, while also supporting borrowers in utilizing these funds effectively to improve their lives and achieve stability.

Thanks to preferential policy-based financing, the family of Ms. Tran Thi Hang in Phu Lang has invested in a high-quality mold system, helping to develop their craft. Photo: VNA

To date, the total outstanding balance for policy-based credit programs in the city has reached 15,557.7 billion VND (608.97 million USD), with over 172,000 active borrowers.

Over the past nine months, these loans have supported 36,365 instances of assistance to poor households, near-poor households, households that have recently escaped poverty, and other policy-supported groups; the funding has also helped 13,136 workers secure, maintain, or expand their employment.