(HBO) - Statistics from the Vietnam Bank for Social Policies (VBSP)'s branch in Hoa Binh province showed that as of October 31, the total policy credit balance in the locality reached over 3.57 trillion VND.
The bank has been deploying 11 policy credit programmes for poor and near poor households, and other policy beneficiaries. In the first ten months of 2021, more than 30,000 customers had got access to loans with a total value of over 1.1 trillion VND.
The outstanding loan growth mainly focused on lending programmes for business households in difficult areas (269 billion VND), near-poor households (202 billion VND), households newly escaped from poverty (185 billion VND), and poor households (176 billion VND).
In addition, the bank has also had a loan programme worth 3.2 billion VND for employers to help them pay wages to their labourers that have to stop working due to the COVID-19 pandemic, and restore their production activities.
In the context of complicated developments of the COVID-19 pandemic, policy credit programmes in Hoa Binh have contributed to ensuring social security, promoting sustainable poverty reduction and new-style rural construction in the locality.
In the first ten months of 2021, policy credit programmes helped generate jobs for over 3,500 labourers, and develop nearly 16,000 clean water and sanitation projects./.
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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