(HBO) – Since the year’s beginning, the banking sector in Hoa Binh province has taken various financial and credit-related measures to meet local development demand, thereby actively contributing to the realisation of the twin targets of containing COVID-19 and boosting socio-economic recovery and development.
The Hoa Binh branch of Agribank has applied COVID-19
prevention and control measures to its operations.
Deputy Director of the State Bank of Vietnam
(SBV)’s provincial branch Ngo Quang Loi said due to the COVID-19 impact, the
local economy has yet to gained good growth while enterprises have still
encountered certain difficulties since the year’s beginning.
Facing that fact, the provincial SBV branch has
been taking solutions to assist businesses to improve their competitiveness and
help improve the local investment and business climate.
In the time ahead, the branch will order the
continued implementation of COVID-19 prevention and control measures,
coordinate with relevant departments and sectors to have a good grasp of the
production and business situation, and keep a close watch on the pandemic’s
developments so as to effectively carry out appropriate measures for support
businesses and people, Loi said.
Besides, it will work to better the business
environment in the fields within its remit so as to help improve Hoa Binh
province’s competitiveness, he went on.
Meanwhile, credit organisations will press on
with measures removing difficulties that face the borrowers hit by the
pandemic, provide timely and sufficient capital for feasible projects and
business plans, and prioritise loans for agriculture, rural development, along
with the programmes benefiting from preferential credit as identified by the
Government.
Communications about cashless payment will also
be increased so as to encourage clients to use e-banking services.
The SBV branch in Hoa Binh will also urge
tightened control over credit for high-risk areas like real estate and securities
while enhancing risk management over loans for consumption and high-risk
transactions./.
Prime Minister Pham Minh Chinh attended a groundbreaking ceremony for an electronic printed circuit board (PCB) factory at Da River Left Bank Industrial Park in Hoa Binh province on April 13. The electronic PCB factory is invested by Japan's Meiko Group at a total cost of 200 million USD.
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.
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