(HBO) – Since the year’s beginning, the banking sector in Hoa Binh province has taken various financial and credit-related measures to meet local development demand, thereby actively contributing to the realisation of the twin targets of containing COVID-19 and boosting socio-economic recovery and development.
The Hoa Binh branch of Agribank has applied COVID-19
prevention and control measures to its operations.
Deputy Director of the State Bank of Vietnam
(SBV)’s provincial branch Ngo Quang Loi said due to the COVID-19 impact, the
local economy has yet to gained good growth while enterprises have still
encountered certain difficulties since the year’s beginning.
Facing that fact, the provincial SBV branch has
been taking solutions to assist businesses to improve their competitiveness and
help improve the local investment and business climate.
In the time ahead, the branch will order the
continued implementation of COVID-19 prevention and control measures,
coordinate with relevant departments and sectors to have a good grasp of the
production and business situation, and keep a close watch on the pandemic’s
developments so as to effectively carry out appropriate measures for support
businesses and people, Loi said.
Besides, it will work to better the business
environment in the fields within its remit so as to help improve Hoa Binh
province’s competitiveness, he went on.
Meanwhile, credit organisations will press on
with measures removing difficulties that face the borrowers hit by the
pandemic, provide timely and sufficient capital for feasible projects and
business plans, and prioritise loans for agriculture, rural development, along
with the programmes benefiting from preferential credit as identified by the
Government.
Communications about cashless payment will also
be increased so as to encourage clients to use e-banking services.
The SBV branch in Hoa Binh will also urge
tightened control over credit for high-risk areas like real estate and securities
while enhancing risk management over loans for consumption and high-risk
transactions./.
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.
