(HBO) – According to the State Bank of Vietnam’s Hoa Binh province chapter, total capital of local banks and credit organisations was calculated at more than 20.9 trillion VND as of February 28, up 668 billion VND as compared to the end of 2017.
Of the total amount, 13.8 trillion VND was mobilised from economic organisations and local residents, increasing 3.5 percent or 468 billion VND from the end of 2017. In details, 2.388 trillion VND was contributed by businesses and 11.4 trillion VND by local residents, down 440 billion VND and up 908 billion VND, respectively.
Agribank Hoa Binh has been on the right track to
provide financial support for local businesses, making contributions to
promoting production activities.
Local commercial banks strictly followed the State Bank of Vietnam’s maximum
interest rate policy. Accordingly, interest rate for deposits in VND under one
month is 1 percent per year, that of the deposits from one to six months is 5.5
percent per year while the rate of six percent was applied at all People’s
Credit Funds.
Meanwhile the rate paid for deposits in 12-month term was 7 percent at
commercial banks and 6-9 percent at People’s Credit Funds.
Zero percent interest rate has been kept for USD savings at all terms./.
Recently, the Standing Committee of Cao Phong District’s Youth Communist Union has actively directed the effective implementation of the models of collective economic development among youth, promoting the start-up movement among the youth, and helping each other develop the economy to get rich in their homeland.
Da Bac district leverages its abundant grazing lands and diverse food resources to develop goat farming as a key economic model. This initiative not only enhances incomes but also contributes to poverty alleviation and local socio-economic development.
The year-end is considered a "golden time" to stimulate trade and tourism. Various activities have been organised to seize positive market signals, enhance product branding, and drive socio-economic growth.
Hoa Binh Province currently has over 870
hectares of tea plantations, with six districts having concentrated tea
production areas that boast advantages in soil, climate, history, and
distinctive tea varieties: Yen Thuy, Lac Thuy, Da Bac, Mai Chau, Tan Lac, and
Luong Son.
Recently, Hoa Binh province has continued to review the planning of industrial parks up to 2030 and implemented procedures to prepare subdivision plans for industrial parks as per regulations.
Da Bac district leverages its abundant grazing lands and diverse food resources to develop goat farming as a key economic model. This initiative not only enhances incomes but also contributes to poverty alleviation and local socio-economic development.
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