(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./.

 


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