(HBĐT) - From the beginning of the year, the State Bank of Vietnam (SBV) has directed credit institutions, including those in Hoa Binh, to build and implement their 2019 business plan in accordance with the Government’s and SBV’s solutions on regulating monetary and credit policies and banking operation. The work aims at promoting credit growth, serving socio-economic development in the province.
Agribank branch in Lac Thuy mobilises maximum capital sources to meet
demand for local socio-economic development.
From the beginning of the year to
date, effective activities of banks and credit institutions have contributed to
promoting Hoa Binh’s socio-economic development. By the end of the second
quarter of 2019, their operating capital amounted to about 21.2 trillion VND,
up 5 percent compared to the end of 2018. Of the sum, over 16.3 trillion VND
were mobilised from economic organisations and residents, increasing 6.5
percent from the end of 2018 and meeting 73 percent of their total loans for
business investment. Meanwhile, as of June 30, total outstanding loans exceeded
21.99 trillion VND, up 5 percent compared to the end of 2018.
Commercial banks increased their
lending to prioritised areas, with outstanding loans for agriculture and rural sector
and for small- and medium-sized enterprises surpassed 13.69 billion VND and
4.44 trillion VND, accounting for 62.3 and 20.2 percent of their total,
respectively. Outstanding loans for export, industry and high-tech farming were
23billion VND, 22 billion VND and 2 billion VND, respectively.
Lending interest rates remained stable, with no
changes recorded for commercial banks’ short-term and medium/long term loans,
which ranged from 7.5 to 10 percent a year, and from 10.5 to 11.5 percent a
year, respectively.
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.
