(HBO) - In 2023, the Vietnam Bank for Social Policies has assigned its branch in Hoa Binh to increase outstanding loans for credit programmes under the Government’s Resolution No. 11/NQ-CP by 53 billion VND.
Of the sum, 28 billion VND is for social housing
and 25 billion VND will be used to support housing, career change and value
chain in accordance with Decree No. 28/2022/ND-CP.
Since the beginning of this year, the provincial
branch has accelerated the disbursement of the credit programmes under
Resolution No. 11/NQ-CP.
As of March 31, the total outstanding loans
reached 277.3 billion VND (11.79 million USD), covering job creation,
maintenance and expansion (150 billion VND), social housing (112 billion VND),
computers and equipment for online learning of students (8.8 billion VND),
non-public preschools and primary schools (800 million VND), and the
implementation of the national target programme on socio-economic development
in ethnic minority-inhabited and mountainous regions (5.6 billion VND).
The timely implementation of the credit
programmes has contributed significantly to local socio-economic recovery and
development./.
Prime Minister Pham Minh Chinh attended a groundbreaking ceremony for an electronic printed circuit board (PCB) factory at Da River Left Bank Industrial Park in Hoa Binh province on April 13. The electronic PCB factory is invested by Japan's Meiko Group at a total cost of 200 million USD.
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.