(HBO) – More than 2.3 billion VND was added to the fund in support of farmers in Hoa Binh province in the first nine months of this year, completing 66.9 percent of the assigned target.
Of
the amount, 1 billion VND was sourced from the provincial budget, 970 million
VND from district coffers, and over 370 million VND contributed by local
officials and farmers. The fund is now valued at more than 35.6 billion VND.
Farmers in Man
Duc town, Tan Lac district, use capital from the fund in economic development.
The
provincial farmers’ association allocated 7.2 billion VND worth of loans to 245
households. Outstanding bank loans
through the farmers’ association at different levels exceeded 3.45 trillion VND.
The Vietnam Bank for Social Policies offered unsecured loans worth over 848
billion VND while that given by the Vietnam Bank for Agriculture and Rural
Development was over 2.55 trillion VND, and LienVietPostBank, 50 billion VND.
In
addition, to support member farmers in production, farmers’ associations at all
levels have committed to providing them with 2,000 tonnes of fertilizer, 20
litres of Sumagrow organic fertiliser, 459 tonnes of animal feed, 61 tonnes of
corn and rice varieties, and three farming machines.
Under
the signed contract, the associations also helped its members in Cao Phong
district with 320 orange and longan trees, among others./.
In the first quarter of 2024, the credit institutions in the province have actively deployed the legal documents of the State and the State Bank relating to currency, credit and interest rates. At the same time, they have promoted the capital mobilization, focusing on the solutions to expand the credit investment along with strengthening the credit quality management, lending to priority programs to promptly meet the capital needs for export - business and consumer demand during Tet in 2024.
Outside the key economic region of Hoa Binh, yet Lac Son district has utilised its potential and strengths regarding labour, land, and transportation connectivity to attract investment to the locality, contributing to promoting socio-economic development.
In a move to expedite the execution and disbursement of the 2024 capital plan for ODA projects, aiming for a disbursement rate of over 90% of the allocated funding, the Hoa Binh People's Committee issued Document No. 483/UBND-KTN on April 3, 2024, regarding such efforts.
Nguyen Van Thap from Kim Duc hamlet, Vinh Tien commune, Kim Boi district, has built the brand of Hoa Qua Son for local fruits. His efforts have brought about income for his family and generated job opportunities for locals, helping hundreds of households escape from poverty.
The Hoa Binh administration was entrusted by the Prime Minister with a budget of 3.43 trillion VND (142.91 million USD) for investment in 2024. The provincial People's Council approved nearly 3.76 trillion VND, which has been meticulously allocated to projects, achieving 100% of the assigned capital plan.
Hoa Binh province has mobilised all resources to propel local agricultural products to make inroads into foreign markets, towards lifting the export turnover of key agricultural products to 137.8 million USD by 2030, accounting for 3.4% of the locality’s total export value of goods.
The locality aims to export farm produce to the US, the European Union, the UK, China, Japan, and the Republic of Korea.
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