(HBO) – Loans from the Vietnam Bank for Social Policies’ branch in Mai Chau district have contributed to supporting local poor people and policy beneficiaries to overcome difficulties in the context of the complicated developments of the COVID-19.
Mr. Ha Cong Sinh’s family in Bang
village, Bao La commune of Mai Chau district, has got out of poverty thanks to
using social policy loans in breeding cows.
Over recent years, the Vietnam Bank for Social Policies (VBSP)’s branch in Mai
Chau district has worked hard in mobilising capital to promptly meet the credit
demand of local people, thus helping thousands of households create sustainable
livelihoods.
Mrs. Dinh Thi Dua’s family in Bang hamlet, Bao La commune, was previously a
poor household and met economic difficulties because they had no capital for
production. Her family has escaped from poverty thanks to effectively using
social policy loans in raising buffaloes.
Mr. Ha Cong Sinh's household in the same hamlet also got a loan of 42 million
VND to develop cow husbandry, thanks to which his family’s economy has
gradually stabilised.
Directorof the transaction office of theVBSP in Mai Chau district
Vu Hoai Nam said despite the impact of the COVID-19 pandemic, the bank well
performed tasks and plans set in 2021, with loans provided quickly to those who
needed.
The bank lent 122 billion VND to about 3,400 poor and near-poor households and
other policy beneficiaries, helping them promote economic development and
construct clean water and environmental sanitation works.
In the first two months of this year, the policy credit loans topped 16 billion
VND. The total outstanding loans of credit programmes stood at over 321 billion
VND, up 6.8 billion VND compared to the beginning of the year.
Nam said his agency will focus on lending growth credit sources; and
classifying debts to assess credit quality in the locality in order to have
solutions to irrecoverable debts.
Attention will be also paid to effectively performing the interest rate support
policy to assist people affectedbythe COVID-19pandemic, he
added./.
Maximizing local potential and advantages, Yen Tri commune in Yen Thuy district is actively promoting the cultivation of medicinal herbs and turning medicinal herbs into One Commune - One Product (OCOP) products.
Situated at the gateway to the Northwest, Hoa Binh province has a population of over 900,000, including about 540,000 of working age. It is home to 6,000 businesses and production facilities, providing employment for over 100,000 workers. The remaining workforce is engaged in informal jobs, works in enterprises outside the province, or contributes to agro-forestry-fisheries. Additionally, around 3,000 workers are employed abroad.
The Hoa Binh provincial People's Committee has issued Decision No. 2767/QD-UBND announcing the rankings of departments, agencies, districts and Hoa Binh city in the Public Administration Reform Index (PAR) and the Satisfaction Index of Public Administration Services (SIPAS) in 2024.
The cultivation of Dam Xanh fish (Bangana lemassoni), a unique fish species, has seen remarkable growth in Mai Chau district, thanks to its high economic value and effectiveness. Initially concentrated in Van Mai commune, farming has now extended to four other communes, namely Mai Hich, Mai Ha, Chieng Chau, and Son Thuy. These areas benefit from pristine underground water flowing from mountain crevices, providing ideal conditions for raising this specialty fish.
In 2024, the total state budget revenue of Hoa Binh Province is estimated at approximately VND 6,930 billion, achieving 183% of the Government’s target, 126% of the target assigned by the Provincial People's Council, and 145% compared to the same period last year.
In 2024, Hoa Binh province has shown signs of improvement in attracting investment and developing enterprises.
