Credit for students of Nghe An Province Social Policy Bank

CONCLUDE

Through studying theoretical issues on credit for students of the People's Credit Fund of Nghe An province, I can draw some conclusions as follows:

Credit for students of the Social Policy Bank is a correct policy of the Party and the State, showing profound significance, helping poor, near-poor, and disadvantaged households significantly reduce financial costs, ensuring good implementation of the State's policy of not letting any student who passes the university, college, or vocational training drop out of school due to financial difficulties. Loan capital has been focused on the Social Policy Bank, an important link in the process of innovation and international integration. The Social Policy Bank of Nghe An province has implemented the State's policies and regulations in accordance with appropriate methods, bringing about economic, political, and social efficiency.

Student credit loans have been entrusted by the Nghe An Provincial Bank for Social Policies through 04 socio-political organizations (Farmers' Association, Women's Association, Veterans' Association, Youth Union), and the supervision of local Party committees and authorities at all levels has effectively managed student credit loans. Student credit loans of the Nghe An Provincial Bank for Social Policies have socialized credit activities and employed tens of thousands of people to participate in policy credit lending.

The thesis has outlined the work of student credit management, specifically applied to the People's Credit Bank of Nghe An province, the thesis has evaluated the results of credit management for students in Nghe An province. After more than 8 years of lending credit to students, the People's Credit Bank of Nghe An province has had a scale of 8,111 savings and credit groups, the loan capital has covered all villages and hamlets in Nghe An province, invested in more than 111 thousand students to go to school, with a balance of 2,212 billion VND of outstanding debt.

Besides the results achieved over 8 years of student credit management of the Social Policy Bank of Nghe An province, there are still limitations due to the lending mechanism.

Student credit, coordination of entrusted social organizations, loan management of Savings and Credit Groups in some places is not effective, the organizational management model of the Social Policy Bank of Nghe An province is not complete compared to the reality that needs to be set out.

From now until 2020, the Nghe An Provincial Bank for Social Policies needs to complete its operational network, focus on implementing well the capital management work for entrusted social-political organizations, improve the quality of capital management of the Savings and Credit Group, diversify inspection work on many channels, improve the quality of staff, maintain the transfer of policy credit activities to the transaction points of the Commune People's Committee to create conditions for people to access credit capital in the shortest way, link social policy credit with the participation of local Party committees and authorities to improve the effectiveness of credit management of the Nghe An Provincial Bank for Social Policies in the coming time.

Although I have tried my best, due to limited time and ability, my thesis cannot avoid shortcomings. I look forward to receiving comments from scientists and those interested in this topic to further improve my thesis.

REFERENCES

1. Central Executive Committee of the Communist Party of Vietnam, 2013. Resolution of the 8th Central Committee, Session XI, on fundamental and comprehensive innovation of education and training, Hanoi.

2. Central Executive Committee of the Communist Party of Vietnam, 2014. Directive No. 40-CT/TW dated November 22, 2014 on strengthening the Party's leadership over social policy credit.

3. Ministry of Education and Training, 2012. Report on the 5-year implementation of Decision 157/QD-TTg dated September 27, 2007 of the Prime Minister on credit for students .

4. Government of the Socialist Republic of Vietnam, 2002.

Decision No. 131/2002/QD-TTg establishing the Vietnam Bank for Social Policies.

5. Government of the Socialist Republic of Vietnam,

2002. Decree No. 78/2002/ND-CP on credit for the poor and other policy beneficiaries.

6. Government of the Socialist Republic of Vietnam, 2012. Decision No. 852/QD-TTg on approving the Development Strategy of the Social Policy Bank for the period 2011-2020, Hanoi.

7. Government of the Socialist Republic of Vietnam, 2013.

Announcement No. 86/TB-VPCP Announcement of the conclusion of Deputy Prime Minister Nguyen Thien Nhan at the Conference summarizing 5 years of implementing Decision No. 157/2007/QD-TTg on credit for students.

8. Government of the Socialist Republic of Vietnam, 2013.

Announcement No. 183/TB-VPCP Announcement of the Prime Minister's conclusion at the Conference summarizing 10 years of operation of the Vietnam Bank for Social Policies.

9. Communist Party of Vietnam, 2013. Resolution No. 29-NQ/TW on fundamental and comprehensive innovation in education and training.

10. Nghe An Provincial Social Policy Bank, 2012. Summary report of 10 years of operation (2003-2012).

11. Nghe An Province Social Policy Bank, 2013. Summary report of 5 years of credit for students (2007-2012).

12. Vietnam Bank for Social Policies, 2013. Credit business document system.

13. National Assembly of the Socialist Republic of Vietnam, 2014. Resolution No. 76/2014/QH13 dated June 24, 2014 on promoting the implementation of poverty reduction goals by 2020.

14. National Assembly of the Socialist Republic of Vietnam, 2010. Law No.: 47/2010/QH12 Law on credit institutions.

15. Information of Vietnam Bank for Social Policies, 2011, 2012, 2013.

16. Pham Thi Thanh An, 2013. Credit development solutions for students at Vietnam Bank for Social Policies , Master's thesis, Hanoi: Banking Academy.

17. Hoang Duc, 2007. Credit for students - problems and solutions.

Hanoi: Journal of Economic Development (206).

18. Phan Huy Duong, 2014. Public management textbook. Hanoi: Hanoi National University Publishing House.

19. Ha Thi Hanh, 2004. Solutions to perfect the organizational model and operating mechanism of the People's Credit Fund , PhD thesis, National Economics University, Hanoi.

20. Nguyen Duc Hai 2012. Microfinance development in Vietnam , PhD thesis, Banking Academy, Hanoi.

21. Do Tat Ngoc, 2002. Policy Bank model and solutions to improve the operational efficiency of Policy Bank , Scientific research topic, State Bank of Vietnam.

22. Nhat Minh, 2008. On credit for students. Hanoi: Banking Magazine (No. 17).

23. Le Hong Phong 2007, Improving the operational capacity of Vietnam Bank for Social Policies , PhD thesis, Banking Academy.

24. Nguyen Van Tien, 2013. Commercial banking textbook. Hanoi: Statistical Publishing House.

25. Tran Huu Y, 2010. Building a sustainable development strategy of Vietnam Bank for Social Policies , PhD thesis, Banking Academy.

26. La Thi Hong Yen 2014. Credit development for students at Vietnam Bank for Social Policies , Master's thesis, University of Economics, Vietnam National University, Hanoi

27. Adrian Ziderman, 2006. Policy Choices in Student Loan Programs: Lessons from Five Asian Case Studies, Bangkok

28. Website: www.baomoi.com www.chinhphu.vn www.Giaoducvietnam.vn xobaonganhang.vn vietnamnet.vn www.worldbank.org vbsp.org.vn

INVESTIGATION FORM

CREDIT FOR STUDENTS

==***===

NUMBER OF VOTES:………

I am a graduate student of the University of Economics - Vietnam National University, Hanoi, currently working on the topic "Credit for students of the Social Policy Bank of Nghe An province". I hope you will take some time to complete this questionnaire for me. I pledge to keep the survey results absolutely confidential and only use them for this topic. Thank you very much!

Question 1. Which of the following categories does your family belong to?

A. Poor households

B. Households with income equal to 150% of poor households
C. Poor households	C. Other households………………………….

Maybe you are interested!

Question 2. How long have you been borrowing money?

A. 01 semester

B. 01 year
C. Over 01 year	D. Debt paid

Question 3. The expenses you need for 1 month for studying and living (including all expenses for daily activities).

A. 1,100,000 VND

B. 1,100,000-1,500,000 VND
C. 1,500,000-2,000,000 VND	C. Other levels:………………

Question 4. What is the purpose of student credit loans?

A. Cost of learning services

B. Business
C. Deposit to Bank to enjoy interest rate difference	C. Other purposes……………………

Question 5. What is the current appropriate loan amount?

A. 1,000,000 VND

B. 1,100,000 VND
C. 1,500,000 VND	C. Other levels:………………………….

Question 6. What is the appropriate current interest rate?

A. 0.5%

B. 0.6%
C. Interest rates lower than commercial bank interest rates are appropriate.	C. Inappropriate interest rate should be……%

Question 7. In your opinion, is the current loan term (9 years of University, 7 years of College, 5 years of Secondary School) appropriate?

A. Suitable

B. Not suitable
C. Reschedule when there is no more loan	D………………………………………

A. Suitable

B. Not suitable in that:……………………………

A. Fast	B. Slow
C. Very slow	D. The problem is:……………

Question 8. Are student loan procedures appropriate? Question 9. How are loan disbursement procedures resolved?

A. Receive cash directly

B. Receive money via ATM card

A. Studying

B. Graduated

Question 10. How did you receive the loan? Question 11. Have you graduated from school?

Question 12. Have you gone to work yet?

A. Not working yet

B. Already working

Question 13. How long after graduating did you have a job? (If you graduated)

A. Always have a job

B. After 6 months
C. After 01 year	C. Over 01 year

Question 14. Is the job suitable for the major you studied? (if you are already working)

A. Not suitable

B. Suitable

Question 15. What is your family's difficulty in paying interest?

A. Worrying about children's education

B. Family in trouble.
C. Normal interest payment	D. No interest payment yet, wait for principal payment to start paying interest.

Question 16. What are the difficulties in paying off your family's principal?

A. I graduated and still have no job.

C. Family in difficult circumstances
C. Graduates' income is not stable.	D. Other:………………………………

Question 17. After graduation, where will the debt repayment come from?

A. Family debt repayment

B. Students work to pay off debt
C. Borrow to pay	D. No intention to repay debt.

Question 18. Which of the following sources did you learn about student loans?

A. Through loan organizations, trust organizations.

B. Information through newspapers, Internet...
C. From brothers, sisters, relatives, friends

Question 19. How do you evaluate the impact of student loans in recent times?

A. Students can study with peace of mind and not have to drop out of school.

C. Reduce the burden of family borrowing at high interest rates.
C. Help students get jobs sooner.	D. Other comments:………………………

Question 20. Could you please tell us the solution to improve credit management activities for students of Nghe An Provincial Social Policy Bank?

…………………………………………………………………………………………………………………

Thank you very much!

Credit for students of Nghe An Province Social Policy Bank - 12

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