The objective of the Action Plan is to clearly define the specific work contents, responsibilities, and coordination mechanisms of units under the State Bank of Vietnam, state credit institutions (including: Vietnam Bank for Agriculture and Rural Development, Joint Stock Commercial Bank for Foreign Trade of Vietnam, Vietnam Joint Stock Commercial Bank for Industry and Trade, Vietnam Bank for Investment and Development), Vietnam Bank for Social Policies (VBSP) in organizing the implementation of Directive No. 39-CT/TW and Decision No. 1560/QD-TTg.
Based on the assigned functions and tasks, units under the State Bank, the Vietnam Bank for Social Policies, and state credit institutions shall carry out the tasks specifically assigned in the Plan, including the following tasks:
- Organize research, dissemination, and thorough understanding of the contents of Directive No. 39-CT/TW, Decision No. 1560/QD-TTg and the Action Plan of the Banking sector to implement the Directive of the Secretariat and the Decision of the Prime Minister to all Party members, cadres, civil servants, public employees and workers in the unit, especially those directly performing tasks related to social policy credit to raise awareness, grasp the spirit, policies, guidelines of the Party, policies and laws of the State on social policy credit.
- Review and evaluate the effectiveness of current policy credit programs; Research, amend, supplement and complete legal documents, mechanisms and policies related to social policy credit chaired by the State Bank, submit to competent authorities for promulgation in accordance with the requirements in Directive No. 39-CT/TW and Decision No. 1560/QD-TTg.
- Coordinate with ministries and branches in reviewing, developing and completing legal documents, mechanisms and policies related to the VBSP.
- Direct the implementation of social policy credit and credit programs at the VBSP chaired by the State Bank, submit to competent authorities for promulgation; contribute to the implementation of the tasks of the banking sector in national target programs in each period, promoting socio-economic development.
- Study and complete the governance mechanism in the Government's Decree regulating the organization and operation of the VBSP in the direction of continuing to maintain the organization model and management method of the VBSP's specific social policy credit.
- Complete the debt classification regulations in accordance with the characteristics and nature of the VBSP's operations.
- Continue to stipulate that state credit institutions maintain a deposit balance at the VBSP equal to 2% of the mobilized capital balance in Vietnamese Dong as of December 31 of the previous year.
- Strengthen inspection, examination and supervision of the VBSP's operations.
- Promote the communication of the direction and orientation of the Secretariat, the Action Plan of the Government and the Banking sector on improving the effectiveness of social policy credit in the new period. Actively communicate mechanisms and policies on social policy credit to contribute to socio-economic development.
- State credit institutions are responsible for maintaining deposit balances at the Social Policy Bank according to Government regulations and instructions from the State Bank.
- The Vietnam Bank for Social Policy organizes the implementation of tasks assigned in Decision No. 1560/QD-TTg and actively coordinates with units under the State Bank to implement tasks assigned in this Plan.
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