Banks in Hoa Binh province have proactively grasped local people and businesses' demand for cash to ensure sufficient supply in various denominations during the Lunar New Year (Tet) holiday.
Employees at VPBank Song Da guide customers to use self-service options, ensuring smooth transactions for customers as Tet approaches.
Since the beginning of January, there has been a significant surge in demand for small currency exchange for payment, consumption, and Tet lucky money, among others at the local Agribank branch, compared to normal days. In addition to securing cash reserves, the branch has developed plans and proposed full cash supply to meet the needs of individuals and businesses.
In recent times, commercial banks in the province have encouraged customers to use electronic banking services in line with the government's directive on cashless transactions. However, as Tet nears, the demand for small currency exchange from the public remains high.
Tran Thi Huong Giang, Director of VPBank Song Da, said that based on customers’ needs, the branch has proactively implemented measures to regulate cash supply and allocate human resources to ensure smooth and convenient transactions.
At this time, the demand for cash exchange, especially for small denominations, at VietinBank Hoa Binh has also increased.
It is noted that the State Bank of Vietnam has issued a circular on ensuring the safety of banking activities during the Tet holiday.
Accordingly, its branch in Hoa Binh has directed local credit institutions to effectively organise the regulation, circulation, and supply of cash, ensure security and safety of cash reserves, and step up crime prevention efforts.
A leader of the branch said it has ensured timely and sufficient cash supply in various denominations to meet the needs of credit institutions for payment, salary disbursement, and goods trading during the Tet holiday and of locals for daily expenditures.
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.
