(HBO) – The Hoa Binh branch of the Bank for Investment and Development of Vietnam (BIDV) is one of the key banks in the province. With a widespread network of transaction points covering important localities like Hoa Binh city, and Luong Son and Cao Phong districts, BIDV Hoa Binh has contributed greatly to local socio-economic development.
Staff members of the BIDV Hoa Binh branch have stepped up credit
disbursement to support production and business activities of local
enterprises.
The branch has mobilized over 3 trillion VND
(132.1 million USD) of capital since the beginning of 2018, equivalent to 86
percent of this year’s target. Its credit provision has also grown as planned.
By the end of the first quarter, outstanding loans of BIDV Hoa Binh exceeded
3.26 trillion VND (143.6 million USD), up 0.07 percent from the end of 2017,
equal to 222.26 billion VND. Specifically, outstanding loans for businesses
exceeded 2 trillion VND (88.1 million USD) and for individual clients came to nearly
1.24 trillion VND (54.6 million USD). Meanwhile, medium- and long-term credit
was about 1.55 trillion VND (68.3 million USD), accounting for 46.1 percent of
total outstanding loans.
Aside from boosting credit growth, BIDV Hoa Binh
has also paid special attention to credit quality. Its bad debt, estimated at
32.14 billion VND (1.4 million USD), now accounts for only 0.95 percent of
total outstanding loans.
The branch’s services are assessed as relatively
good, bringing in net revenues of 3.79 billion VND (167,000 USD) in the first
quarter, including 1.21 billion VND (53,300 USD) from the guarantee service and
1.58 billion VND (69,600 USD) from payment service.
Meanwhile, activities pertaining to payment,
cash circulation, treasury and network development have also received due
attention from the branch.
BIDV Hoa Binh currently has five transaction
offices and 10 ATMs, including six machines in Hoa Binh city, three in Luong
Son district, and one in Cao Phong district.
The number of points of sale (POS) accepting
BIDV cards has been maintained at shopping centres. There are 20 such machines
in the province at present./.
Vice Secretary of the provincial Party Committee and Chairman of the provincial People's Committee Bui Van Khanh chaired the regular October meeting of the provincial People's Committee to review 2024 socio-economic performance.
Taking advantage of favourable weather conditions, constructor is speeding up the construction of technical infrastructure at Tien Tien industrial cluster in Quang Tien commune of Hoa Binh city. So far, the construction of important infrastructure works in the industrial cluster such as the operation office, wastewater treatment plant, power supply system, clean water supply system, fire prevention and fighting system, rainwater drainage system, and internal traffic roads has been completed.
Numerous credit solutions have been implemented by local banks in Hoa Binh province to support individuals and businesses affected by Typhoon Yagi. These measures include debt rescheduling, providing in-depth financial advice, and offering interest rate reductions based on the extent of damages.
Starting from nothing and persevering through a challenging entrepreneurial journey, Bui Van Nhung, a teacher and Party member in Lac Son district’s Nhan Nghia commune - has built Nhung Van Co. Ltd. into a respected provider of high-quality products. Driven by his passion and determination to overcome poverty, this young Party member has blazed a new trail, inspiring the aspirations of farmers across Mường Vang.
In November 8, at Kim Boi District Stadium, the Department of Industry and Trade and the People's Committee of Kim Boi District, Hoa Binh province jointly organized the opening of the Fair to display and introduce typical products of ethnic minority and mountainous areas.
Orange growers in Cao Phong district of Hoa Binh province have enjoyed a good harvest and good prices of the fruit this year.
