(HBO) – The State Bank of Vietnam’s branch in Hoa Binh has mapped out orientations to direct banks and credit organisations in the northern province to implement key tasks in the field, thus realising the sector’s main monetary targets and contributing to local stability and economic growth.
LienVietPostBank
currently records outstanding loans of over 1.2 trillion VND.
By the end of 2019, the total operation capital of credit institutions in the
province exceeded 26.5 trillion VND, a year-on-year rise of 13.4 percent. Total
outstanding loans in the province surpassed 22.9 trillion VND, up 9.1 percent
against the previous year. Of which, short-term loans accounted for 42.1 percent,
medium-and long-term ones 57.9 percent.
Banks and credit institutions, especially commercial
banks, all saw an increase in outstanding loans, notably joint Stock Commercial
Bank for Investment and Development of Vietnam (BIDV) 13.8 percent, Vietnam joint
Stock Commercial Bank for Industry and Trade (Viettinbank) 8.2 percent,
Military Commercial joint Stock Bank (MB) 17 percent, Lien Viet Post joint
Stock Commercial Bank (LienVietPostBank) 7.3 percent, and Vietnam Prosperity
joint Stock Commercial Bank (VPBank) 1.8 percent.
In 2019, the total bad debts were estimated at
258 billion VND, making up 1.12 percent of the total outstanding debts, down
157 billion VND compared to 2018.
Banks and credit organisations have worked out
measures to remove difficulties for businesses and pay attention to investment
in local economic development. They have also actively carried out preferential
credit programmes and provided loans for poor households and social welfare
beneficiaries in prioritising fields as directed by the State Bank of Vietnam such as
rural and agriculture.
In 2020, the provincial State Bank of Vietnam branch
strives to increase the mobilisation of capital by 16 percent or more. Outstanding
loans are estimated to climb by 14 percent while the ratio of bad debts below 3
percent./.
During the two days of November 14th – 15th, at the Provincial Cultural Palace, the Department of Industry and Trade organized a conference to connect the product consumption of the ethnic minorities and the mountainous areas in 2024. There was the attendance of the representatives of leaders of a number of departments, branches, businesses, manufacturers and distributors inside and outside the province.
The One Commune One Product (OCOP) programme is reshaping the rural economy of Lac Son district, helping improve living standards, particularly among the ethnic minority communities in remote areas of Lac Son district.
The Van Mai dam xanh (Bangana lemassoni) fish has long been famous for its unique and delicious flavour, earning a spot on the menus of many restaurants and attracting food connoisseurs. In recent years, residents in Van Mai commune, Mai Chau district, have expanded their fish farming areas and striven to build a strong reputation for their product. They are also working to establish it as an OCOP (One Commune, One Product) item to increase their income.
Outstanding rural industrial products of Hoa Binh province in 2024 were recently honoured and granted certificates, becoming a source of pride for producers and also a boost for local economic development. The honourees are all deeply imbued with the local cultural identity and boast considerable commercial potential, helping popularise the image of Hoa Binh to domestic and international consumers. This is also a solid stepping stone for rural industrial establishments to develop.
In the first 10 months of 2024, Hoa Binh city made significant progress in job creation and labour exports, sending 112 workers abroad through partnerships with authorised recruitment firms.
An award ceremony to announce the official certification for Mai Chau district’s Bangana lemassoni fish, a specialty of the locality because of its unique flavour, was held recently in the district.
