(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./.
After the Lunar New Year (Tet) holidays, trade union members and workers in Hoa Binh province returned to work with an excited spirit at the beginning of the new spring. Throughout the workshops, factories and enterprises, they were full of enthusiasm, immediately getting to work, striving to excellently complete tasks and production and business targets.
Red grapefruit is a native crop of Tan Lac district, where the fertile soil and favourable climate create ideal conditions for its growth. With over 80% of the area being mountainous, at an altitude of 300-400 metres above sea level, red grapefruits here thrive on well-drained, fertile hillside soil. The region’s large temperature variation between day and night enhances the fruit's nutrient absorption. The local cultivation techniques also contribute to its uniqueness
The provincial business association recently convened a conference to review its 2024 operations and outline plans for 2025. The meeting was attended by Standing Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Committee Bui Duc Hinh along with leaders from various departments and agencies.
Hoa Binh province is prioritising rural transportation infrastructure to improve mobility, facilitate trade, and boost socio-economic development.
The Minister of Agriculture and Rural Development has just issued Decision No. 377/QD-BNN-VPĐP approving the results of the evaluation and classification of the products of the National One Commune One Product Program in 2024 (phase 3).
As the Lunar New Year (Tet) approaches, the market becomes more vibrant than ever. In Hoa Binh province, preparations for Tet have been bustling since the 20th of the last lunar month, with an abundant supply of goods to meet the growing consumer demand.
