(HBO) - As of June 30, the total credit of institutions of the north-western province of Hoa Binh neared 21.26 trillion VND (909.7 million USD), increasing 5 percent year-on-year.
Of the figure, around 16.38 trillion VND
were mobilised from economic establishments and local people, a rise of 6.5
percent compared to the amount at end of last year.
Credit mobilised in over 12 months stood at
6.93 trillion VND, accounting for 33 percent of the total figure.
In the period, loans provided by the
province reached nearly 22 trillion VND, up 5 percent from the end of last year.
Of this, loans for prioritised sectors hit 18.19 trillion VND, while the figure
in credit programmes at the province’s branch of the Bank for Social Policies
stood at 3.09 trillion VND.
Hoa Binh’s bad debts were 594 billion VND,
or 2.7 percent of the total loans.
Credit institutions have carried out legal
documents related to currency, credit and interest which were issued by the
State and the State Bank of Vietnam.
They also stepped up credit work, sought measures to boost investment and
improved credit quality management and loans for programmes of priority.
Besides, measures to extend and adjust
debts’ due dates to ease economic difficulties for businesses and families were
strengthened.
After more than four years of implementing a project launched by the Hoa Binh Party Committee’s Standing Board on developing agriculture and promoting product consumption linked with building new-style rural areas for the 2021-2025 period, the province’s industry and trade sector has made significant strides, greatly contributing to local socio-economic development.
Luong Son district has identified 2025 as the year for the accelerated breakthrough to successfully implement the socio-economic development plan for the 5-year period from 2021 to 2025. The district has been focusing on executing the plans and trying to achieve a GRDP growth rate of approximately 15%.
Since the beginning of this year, under the direction of the Department of Agriculture and Environment, the Sub-Department of Agricultural, Forestry, and Fishery Product Quality Management has strengthened the integration of the professional activities to promote and guide the organizations and individuals in the production and trading of agricultural, forestry, and fishery products to comply with the legal regulations regarding the use of chemicals, pesticides and veterinary medicines in crop cultivation, livestock farming and aquaculture. They also provide guidance to processing and manufacturing establishments on keeping the records to trace the product origins and using food additives from the approved list according to the regulations.
Hoa Binh province saw a significant rise in state budget revenue in the first two months of 2025, heard a meeting chaired by Vice Chairman of the provincial People’s Committee Quach Tat Liem.
Ha Thi Ha Chi, a 26-year-old graduate in law, has taken an unconventional path by returning to her hometown in Mai Chau district to establish the Tong Dau Cooperative, creating stable jobs for local women and bringing Thai ethnic brocade weaving to the global market.
As the Lunar New Year 2025 approached, pork prices surged, creating a profitable season for farmers in Tan Vinh commune, Luong Son district. Taking advantage of the rising demand, Can Minh Son, a farmer from Coi hamlet, sold over 30 pigs at 69,000 VND/kg, each weighing more than 100 kg. After deducting expenses, his family earned a profit of over 50 million VND.
