Bac Ninh:The collaboration between the Bank for Social Policies, local authorities, and socio-political organizations in Bac Ninh City has been instrumental in ensuring that credit is effectively reaching its intended recipients. This initiative aims to support borrowers in utilizing the funds to enhance their livelihoods and achieve economic stability.

According to Vietnam News Agency, the total outstanding balance for policy-based credit programs in Bac Ninh City has reached 15,557.7 billion VND (608.97 million USD), benefiting over 172,000 active borrowers. In the past nine months alone, these credit programs have facilitated 36,365 instances of assistance to various groups, including poor households, near-poor households, and households that have recently escaped poverty.

Additionally, the funding from these programs has played a significant role in employment, helping 13,136 workers secure, maintain, or expand their jobs. This initiative demonstrates the effectiveness of targeted financial support in fostering economic growth and stability within the community.