The Vietnam Bank for Social Policies (VBSP) announced that capital that local government budgets entrusted to the bank for implementing social credit programmes so far this year has surpassed 5 trillion VND (196.96 million USD), exceeding the 2024 annual target.

Social credit programmes have contributed to the fruitful results Hanoi has obtained in poverty alleviation in the 2016-20 period.

Social credit programmes have helped ethnic minorities in the Mekong Delta province of Tra Vinh escape poverty in recent years.