(HBO) - According to a report of the provincial branch of Vietmam Bank for Social Policies (VBSP), the total outstanding loan for the poor household in the province has reached VND 875.5 billion by the end of January 2023.
The preferential loans have
helped the poor households in De hamlet, Bac Phong commune (Cao Phong) to invest
in livestock has gradually overcome the difficulties.
This is the program with the
largest credit scale among the credit programs that VBSP has been implementing.
In January 2023, there are 234 poor households allowing to get loans from this
credit program, and the loan turnover has reached over 11.5 billion VND. Up to
now, in the province there are over 20.4 thousand customers with the
outstanding loans.
According to the assessment of
the provincial branch of VBSP, the preferential loans from VBSP have helped the
poor households in the province invest in the economic development and improve
their quality of life in recent years. In 2022, there were over 6.2 thousand
turns of the poor households receiving the preferential loans. Along with other
credit programs, VBSP is lending to the poor households, which is an important
source of capital to achieve the goal of the sustainable poverty reduction,
ensuring the social security and building the new rural areas in the province.
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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