Measures considered to support enterprises, borrowers affected by COVID-19

4/30/2020 - 10:18:18 AM

(HBO) - The Hoa Binh branch of the State Bank of Vietnam (SBV) has held a working session with commercial banks, the business association and some enterprises in the province to update on the situation of business and production as well as to discuss measures to remove difficulties and support customers affected by the COVID-19 epidemic.

Leaders of the provincial SBV branch and local banks consider measures to support enterprises and customers affected by COVID-19.

According to leaders of the provincial SBV branch, the branch has quickly implemented guidance documents of the SBV and the provincial People’s Committee on measures to prevent and control the epidemic, along with those to address difficulties to help local customers amid the complicated developments of the COVID-19. The branch also issued documents instructing local credit organisations in the province to adopt solutions to assist customers in accordance with the SBV’s Circular 01/2020/TT-NHNN and related documents, thus helping them cut losses and stabilise production and business activities.

However, there are a large number of local enterprises and individual borrowers affected by the COVID-19 epidemic, reaching 640 as of April 22, with total loan value reaching 1,092 billion VND (46.58 million USD). Among them, there are 572 individual and household customers, 66 enterprises and two cooperatives.

The provincial SBV branch said it will instruct banks to continue review their customers and coordinate with customers to seek suitable support measures, on the first and foremost condition of ensuring giving support to the right subject and affected sectors in accordance with instructions of the SBV and the provincial People’s Committee. At the same time, banks should not cause difficulties for customers eligible for support. In the time ahead, the branch will inspect banks and credit institutions’ implementation of support measures for enterprises and borrowers affected by the COVID-19./.

Workers excited to return to work after Tet

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.

Sweet, fragrant red grapefruit of Tan Lac

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

Business association pledges support for local firms

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 focuses on rural transportation infrastructure development

Hoa Binh province is prioritising rural transportation infrastructure to improve mobility, facilitate trade, and boost socio-economic development.

Two products in Hoa Binh have been recognized as “National OCOP products”

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).

Bustling Tet market

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.