(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./.
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.
