Legal framework for social policy credit in Vietnam and reform directions for meeting emerging national development priorities in the new development era

Social policy credit constitutes a vital financial instrument for promoting livelihoods, employment, and stable living conditions among the poor, near-poor households, and other policy beneficiaries, thereby contributing to effective poverty reduction. It plays a significant role in alleviating multidimensional poverty in an inclusive and sustainable manner, mitigating the risk of poverty recurrence and the emergence of new forms of deprivation, while enabling vulnerable groups to attain minimum living standards and access essential social services in line with the national multidimensional poverty framework. This study examines the legal framework governing social policy credit, highlighting its role and evolution within Vietnam’s poverty reduction strategy in the context of contemporary development challenges.