(HBO) - According to the State Bank of Vietnam (SBV)’s Hoa Binh provincial branch, the total capital mobilised in the locality by the end of February 2023 by credit institutions neared 40.6 trillion VND (about 1.73 billion USD), up 0.9% compared to the beginning of the year, in which the amount mobilised from organisations and individuals was 30.5 trillion VND , up 1.3%, and deposits from individuals topped 72.5% of the total mobilised capital.
VietinBank’s
Banch in Hoa Binh province works to attract deposits to meet demand for loans
in the locality.
Credit institutions in the province have offered interest rates
from 0.1-1% per year for less-than-a-month deposits. With deposits from 1 month
to less than 6 months, the interest rates are set at 4.6 to 6.0% a year at
commercial banks and from 3.5 to 5.6% a year at people's credit funds.
For
deposits determined by market supply and demand with a term of 6 to 12 months,
commercial banks have set interest rates from 6-8.6%; from 4-7.5% a year
at people’s credit funds; with a term from 12 months and above, interest rates
are set from 7.4-8.9% a year at commercial banks and from 6.2-7.8% a year
at people’s credit funds.
Recently, the Standing Committee of Cao Phong District’s Youth Communist Union has actively directed the effective implementation of the models of collective economic development among youth, promoting the start-up movement among the youth, and helping each other develop the economy to get rich in their homeland.
Da Bac district leverages its abundant grazing lands and diverse food resources to develop goat farming as a key economic model. This initiative not only enhances incomes but also contributes to poverty alleviation and local socio-economic development.
The year-end is considered a "golden time" to stimulate trade and tourism. Various activities have been organised to seize positive market signals, enhance product branding, and drive socio-economic growth.
Hoa Binh Province currently has over 870
hectares of tea plantations, with six districts having concentrated tea
production areas that boast advantages in soil, climate, history, and
distinctive tea varieties: Yen Thuy, Lac Thuy, Da Bac, Mai Chau, Tan Lac, and
Luong Son.
Recently, Hoa Binh province has continued to review the planning of industrial parks up to 2030 and implemented procedures to prepare subdivision plans for industrial parks as per regulations.
Da Bac district leverages its abundant grazing lands and diverse food resources to develop goat farming as a key economic model. This initiative not only enhances incomes but also contributes to poverty alleviation and local socio-economic development.
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