State Bank of Vietnam reports Vietnam Bank for Social Policies 2026 plan with about 10% policy credit growth target

The State Bank of Vietnam published an update on Deputy Governor Nguyen Ngoc Canh’s participation in the Vietnam Bank for Social Policies’ expanded Party Executive Committee conference, which reviewed 2025 performance and set priorities and quantitative targets for 2026. Policy credit in 2025 was reported to have supported production and job creation for more than 810,000 workers, including nearly 7,500 working overseas on fixed-term contracts, and helped more than 5,200 former prisoners find jobs. Lending also supported more than 80,000 disadvantaged students, the construction of over 1.63 million rural clean water and sanitation works, more than 3,000 homes for poor households, and nearly 9,800 social housing units. For 2026, the conference set objectives to ensure 100% of poor and near-poor households and other eligible policy beneficiaries with demand can access VBSP products and services, deliver about 10% credit growth under plans assigned by the Prime Minister and VBSP’s board, increase entrusted funding from local budgets by 14% versus 2025, and keep the overdue debt ratio below 2%; implementation priorities include executing VBSP’s development strategy to 2030 and plans on science and technology, innovation and digital transformation while maintaining its specialised policy credit management model and nationwide transaction office network. VBSP’s leadership tasked subordinate party organisations with rapidly finalising and rolling out the 2026 resolution and announced commendations for high-performing party units and members.