By the end of December 2016, the country had 1,149 people's credit funds and cooperative banks, with more than 2 million members being households participating in the loan. With the goal of association, mutual assistance members, people's credit funds have created a favorable financial mechanism, friendly; promote the spirit of mutual affection in the social community.
Particularly, in the context of new agricultural construction being actively implemented in many localities, the capital from the People's Credit Fund is very important to help people reduce hunger and reduce poverty, build local...
Some policies on the operation of People's Credit Funds
The effectiveness of the People's Credit Fund (PCF) model has been recognized in many localities throughout the country. Where PCFs are available, members and households are able to reduce poverty and support their livelihoods. Extreme local economic development region, take advantage of idle capital in the community, help farmers solve their difficulties.
This has resulted from the fact that in the past years, the Party and State have had many policies to renovate and create conditions for the People's Credit Fund to develop and people have easy access to loans.
The Resolution of the XIth National Party Congress affirmed: "Building new rural areas: planning for rural development and urban development, promoting the construction of rural infrastructure, creating a favorable environment to exploit all possibilities. Investment in agriculture and rural areas "is the task of developing our country.
Continuing the Party Congress XII, continued to affirm: "Effectively implement three strategic breakthroughs, overall restructuring and economic synchronization associated with innovation model growth; To accelerate the industrialization and modernization of the country, attach importance to the industrialization and modernization of agriculture and rural areas in association with the building of new rural areas. "
On the basis of orientation, the State Bank of Vietnam (SBV) has implemented programs on "credit policy for agricultural and rural development".
Accordingly, the State Bank of Vietnam issued Circular No. 04/2015/ TT-NHNN regulating the PND to replace Circular No. 08/2005 /TT-NHNN dated 30 December 2005, which guides a number of articles of Decree No. 48/2001 / ND-CP dated 13 August 2001 on the organization and operation of the People's Credit Fund and Decree No. 69/2005/ND-CP dated 26 May 2005 amending and supplementing a number of articles of Decree No. 48/2001/ ND -CP dated 13 August 2001 on the organization and operation of the PCF; Circular 06/2007/TT-NHNN dated 06/11/2007 amending and supplementing Circular 08/2005 / TT-NHNN dated 30 December 2005 guiding the implementation of some articles of Decree 48/2001. Decree No. 69/2005 / ND-CP dated 13/8/2001 on organization and operation of the People's Fund and Decree No. 69/2005 / ND-CP dated 26/8/2005 on amending and supplementing some articles of Decree 48/2001 / ND-CP dated 13/8/2001 on the organization and operation of business loans.
The promulgation of a series of policies has created an unity in the legal system on the organization and operation of the FUND, aimed at ensuring the safety in operation, raising the efficiency of the operation quality. The foundation of the PCF, meeting the needs of new agricultural and rural development in Vietnam...
Some suggestions and recommendations
In order to bring into full play the strengths and achievements in the development of the PCF, in addition to continuing to overcome shortcomings, completing the policy, the following solutions should be implemented synchronously:
About lending activities
According to Article 37 of the Circular No. 04/2015 / TT-NHNN on lending subjects, lending to households for the purpose of building new rural areas is not paid enough attention. In order to ensure an effective policy for rural development, it is necessary to coordinate with the PCF system in developing internal regulations to guide implementation, including:
- Develop a specific loan plan in each period. Accordingly, the Fund should have a clear strategy in the course of operation. That is, it is necessary to have a specific activity plan in each stage, to define the objectives for each stage, to analyze the environmental factors objectively and to see opportunities and challenges for the fund's objectives and The common development of agriculture and rural areas.
- Currently, most FMFs do not have a complete broadcasting program outside the local radio station or through meetings of local authorities and socio-political organizations. locality.
Many households in need of loans for production but not members of the fund, do not know about the existence of the fund, or households with difficult circumstances but not on the list of poor households issued by the People's Committee District approval. Therefore, it is necessary to promote and propagandize the policy of building new rural areas effectively.
On the management of lending activities
According to Circular No. 04/2015 / TT-NHNN, the PND should issue an internal regulation on lending and management of loans to ensure the proper use of loans, including the following: Particularly, lending to non-member individuals, households, legal entities, and non-member households includes: (i) Procedures for assessing, assessing the need and purpose of borrowing capital. rim; (Ii) Loan approval procedure and approval, decision on debt restructuring; (Iii) Loan approval process for poor non-members; (Iv) appropriate disbursement procedures; (V) procedures for control, management and supervision to ensure the proper use of the loan; (Vi) Regulations on security assets in accordance with law (if any), methods of determining the value of security assets and the disposal of security assets to recover loans in accordance with law; (Vii) Interest rates, loans ...
However, during the implementation of the provisions of the law on loan security, there are still some problems that make the People's Credit Fund system embarrassing to promulgate internal regulations on loan security.
Authorities responsible for developing legal documents should consider the inadequacies of the system of legal documents related to security assets. Specifically:
- The completion of the provisions of the law on loan security by property mortgage must be in accordance with the principle: Mortgage is the right of ownership does not appear the transfer of ownership of property, not only the owner of the property. But even non-proprietors who have the right to dispose of property may also enter into a mortgage relationship.
- Complete the provisions of the subject are the household as the following: Household is determined by the land allocation documents or household registration book issued by police? Identify the specific household as the subject of civil relations in general and of the mortgage relationship in particular. What are the bases and criteria of the members of the household? In which case, the household head was involved in the mortgage relationship in the name of the household?
- To amend and supplement the system of land legislation relating to mortgaging, guaranteeing land use rights and real estate in the direction of: Permitting land-using plots to be granted by land users Certificate of land use right for mortgage. To amend the regulations on administrative procedures on land allocation and land lease in the direction of simplicity, clarity, transparency and convenience.