(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./.
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.
