Enhancing social credit resources for sustainable development
- 150
- Socially Responsible Enterprise
- 19:00 15/08/2024
DNHN - Enhancing social credit resources is essential for sustainable development, supporting key social projects, encouraging investment in underdeveloped areas, and combating climate change, thereby promoting social equity.
Recently, Prime Minister Pham Minh Chinh chaired a conference summarizing 10 years of implementing Directive No. 40-CT/TW of the Secretariat of the 11th Central Committee of the Communist Party, issued on November 22, 2014, on strengthening the Party's leadership over social policy credit. This directive was further concretized by the Secretariat through Conclusion No. 06-KL/TW dated June 10, 2021, after five years of implementation. To effectively implement this, the Prime Minister issued Decision No. 401/QD-TTg on March 14, 2016, and Decision No. 1630/QD-TTg on September 28, 2021, identifying four main task groups and specifically assigning them to the Central Ministries, local governments, and the Social Policy Bank.
Over the past 10 years, the preferential credit program has supported more than 21 million households in developing production and business. Notable results include helping over 3.1 million households overcome poverty, creating jobs for more than 4.2 million workers, constructing more than 13.2 million clean water and sanitation projects in rural areas, providing scholarships for over 610,000 students, and supporting more than 193,000 homes for the poor. Additionally, over 1.2 million workers were provided with wage support during the COVID-19 pandemic.
According to Prime Minister Pham Minh Chinh, economic development policies must always be closely linked with social equity and welfare. He asserted that pursuing economic growth should not come at the expense of fairness and social welfare. The spirit of "development for all" must be maintained to ensure that everyone benefits from the country's development, and no one is left behind.
The Prime Minister noted that social policy credit has proven to be an important pillar in the system of poverty reduction policies and social welfare assurance. After more than a decade of effort, this program has become a highlight, a pillar in meeting the needs of the people, especially the vulnerable. The conference also evaluated the achievements and shortcomings, while making recommendations.
Additionally, the Prime Minister assigned the Government Office and the Social Policy Bank to compile opinions and proposals for the Government to consider, continuing to enhance the Party's leadership in the field of social policy credit. Strengthening social credit resources plays a crucial role in promoting sustainable development.
These funds not only support essential infrastructure projects and public services but also help build facilities and improve the quality of life for communities. When banks and financial institutions provide credit under favorable conditions for social projects, they significantly contribute to poverty reduction and increased access to services for vulnerable groups.
Moreover, investing in social credit helps create a stable and fair business environment, thereby promoting sustainable economic development. Projects funded by social credit often have long-term positive impacts on communities, such as developing education, healthcare, and environmental protection. When credit policies and programs are effectively implemented, they not only improve current living standards but also ensure comprehensive and sustainable development for the future.
Furthermore, enhancing social credit resources is necessary to finance sustainable development projects, such as building infrastructure, improving the quality of education, and healthcare. These projects not only generate direct economic benefits but also contribute to enhancing the quality of life and ensuring social equity.
Social credit resources help encourage investment in underdeveloped areas, reducing disparities between regions. This not only creates job opportunities and fosters local economic development but also promotes balanced development, contributing to the overall sustainability of the economy.
Enhancing social credit allows for investment in technology solutions and resilient infrastructure systems against climate change. This helps communities adapt and mitigate the negative impacts of extreme weather events, ensuring long-term sustainable development.
Social credit plays an important role in supporting social enterprises and startups. These businesses often face difficulties in accessing capital from traditional financial sources. Financial support from social credit helps them overcome challenging periods and develop innovative solutions, contributing to the sustainable development of the economy.
Thus, enhancing social credit resources helps promote poverty reduction programs and improve living conditions for vulnerable groups. This not only enhances social equity but also contributes to the comprehensive development of society, creating a solid foundation for sustainable development in the future.
Phan Chinh
Related news
#Vietnam’s growth
The Ho Chi Minh City Friendship Dialogue and the Ho Chi Minh City Economic Forum will take place in September 2024
The 2nd Ho Chi Minh City Friendship Dialogue (Ho Chi Minh City Friendship Dialogue – FD) in 2024, themed "Industrial transformation: Experiences and priorities in development cooperation", will take place from September 23-24, 2024.
EuroCham: European enterprises confident in Vietnam's long-term economic growth
Nearly 70% of businesses express confidence in Vietnam's economic growth over the next five years, with many companies ready to recommend Vietnam as an investment destination.
Can public investment stimulate private investment?
Public investment policies have been actively implemented to stimulate private investment. Therefore, the benefits and mechanisms that public investment brings to encourage private sector activity are very positive.
Trajectory uncertain for Vietnam’s growth
Headwinds to Vietnam’s positive growth outlook are rising as a result of the Russia-Ukraine conflict, and risks from a slowdown in many of the country’s key trade partners are weighted to the downside.
Why is there a need for a development proposal in the field of cultural industries?
In the context of globalization and the booming creative economy, cultural industries are increasingly important in national development strategies. Vietnam needs a development proposal in this field to tap into its potential.
The potential for suburban apartment development in major cities
Suburban apartments are increasingly favored in large cities due to the rapid development of these areas. This not only opens up many opportunities for the real estate market but also meets the housing needs of urban residents.
Đọc thêm Socially Responsible Enterprise
Pigeon City: A Unique Destination in the Heart of Trà Sư Melaleuca Forest
Pigeon City, an intriguing attraction located within the Trà Sư Melaleuca Forest tourist area in An Giang Province, captures the attention of both domestic and international visitors.
98 enterprises were awarded the title of "Green Enterprise of Ho Chi Minh City 2024"
"The 98 outstanding businesses honored today are shining examples, representing responsibility, creativity, and persistence in environmental protection..."
What does the international press say about famous Vietnamese designer Quynh Paris?
Designer Quynh Paris is a pioneer in the fields of fashion and art. Her collections have always been innovative, starting from her time at the world-renowned Mod'Art International fashion school in France.
Practical applications of carbon credits in the economy. Part XI: Bridging policy and strategy for the carbon credit market
To develop the carbon credit market, the Government and businesses must improve cooperation and communication. The Government needs to provide clear policies, while businesses must adopt emission reduction strategies and leverage carbon credits.
Yen Bai: Implementing the plan to manage and eliminate ozone-depleting substances and greenhouse gases
The People's Committee of Yen Bai province has just issued document No. 3005/UBND-TNMT on the implementation of the National Plan for the management and elimination of ozone-depleting substances and controlled greenhouse gases.
Practical applications of carbon credits in the economy. Part XIX: Training human resources - A strategic and urgent task for the carbon credit market
Training human resources for the carbon credit market is an urgent task that supports sustainable development. A skilled team of experts with project implementation skills, this leads to improved emission reduction and environmental protection.
Why do Vietnamese businesses need an ESG strategy to maintain success?
The implementation of ESG (Environmental, Social, and Governance) standards is identified as the key to business success for Vietnamese enterprises.
Practical applications of carbon credits in the economy. Part XVIII: The Crucial role of biosphere reserves in carbon sequestration and CO2 absorption
According to Dr. Huỳnh Đức Hoàn, Head of the Management Board of the Cần Giờ Protective Forest, Biosphere Reserves play an essential role in maintaining and enhancing the ability of forests to sequester carbon and absorb CO2.
Press conference for the 3rd Thu Duc open golf tournament
On the morning of August 9, 2024, the People's Committee of Thu Duc City (HCMC) held a press conference to announce the 3rd Thu Duc Open Golf Tournament and Announce the Establishment of Thu Duc City Golf Association.
Practical applications of carbon credits in the economy. Part XVII: The carbon credit market offers significant benefits to businesses
According to Mr. Nguyễn Võ Trường An, CEO of ASEAN Carbon Credit Exchange Joint Stock Company and Director of Innovation - Creativity at TC Group, the carbon credit market provides significant benefits to businesses.