(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 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.
