(HBĐT) - From the beginning of the year, the State Bank of Vietnam (SBV) has directed credit institutions, including those in Hoa Binh, to build and implement their 2019 business plan in accordance with the Government’s and SBV’s solutions on regulating monetary and credit policies and banking operation. The work aims at promoting credit growth, serving socio-economic development in the province.
Agribank branch in Lac Thuy mobilises maximum capital sources to meet
demand for local socio-economic development.
From the beginning of the year to
date, effective activities of banks and credit institutions have contributed to
promoting Hoa Binh’s socio-economic development. By the end of the second
quarter of 2019, their operating capital amounted to about 21.2 trillion VND,
up 5 percent compared to the end of 2018. Of the sum, over 16.3 trillion VND
were mobilised from economic organisations and residents, increasing 6.5
percent from the end of 2018 and meeting 73 percent of their total loans for
business investment. Meanwhile, as of June 30, total outstanding loans exceeded
21.99 trillion VND, up 5 percent compared to the end of 2018.
Commercial banks increased their
lending to prioritised areas, with outstanding loans for agriculture and rural sector
and for small- and medium-sized enterprises surpassed 13.69 billion VND and
4.44 trillion VND, accounting for 62.3 and 20.2 percent of their total,
respectively. Outstanding loans for export, industry and high-tech farming were
23billion VND, 22 billion VND and 2 billion VND, respectively.
Lending interest rates remained stable, with no
changes recorded for commercial banks’ short-term and medium/long term loans,
which ranged from 7.5 to 10 percent a year, and from 10.5 to 11.5 percent a
year, respectively.
The provincial Department of Agriculture and Rural Development on November 20 coordinated with Hai Dang Group Hoa Binh Seafood Company Limited to release 1.5 tonnes of fries into Hoa Binh Lake to regenerate aquatic resources, with a total value of 266 million VND (10,460 USD).
On the afternoon of November 16, Nguyen Phi Long, alternate member of the Party Central Committee and Secretary of the provincial Party Committee, held a reception for a delegation from the Indian Embassy led by Ambassador Sandeep Arya. The delegation included the chairperson of the Indian Chamber of Commerce in Vietnam, embassy personnel, and Indian businesses operating in Vietnam. Accompanying Long at the meeting were leaders of the provincial People's Committee and representatives from various departments and sectors.
Hoa Binh province hosted the "Meet India 2024" conference on November 16, marking a significant step in strengthening bilateral economic ties between Vietnam and India.
In recent times, with its core role in building and fostering great national unity, Cao Phong district's Vietnam Fatherland Front Committee has actively carried out its responsibilities and front work, and closely collaborated with member organisations to encourage locals to implement the Party’s guidelines, and the State’s policies and laws. At the same time, it has worked to promote the dynamism, creativity, and contributions of officials, Party members, and local people to help the district develop further.
From a type of bulb used as a seasoning for daily meals, thanks to the efforts of local authorities and farmers, shallots have become a commercial crop in Yen Thuy district, contributing to promoting the transformation of crop structure in agricultural production, bringing higher incomes to locals.
