(HBO) – Banks in the northern province of Hoa Binh for years have actively provided credits for economic development, especially to meet the capital needs for production and business of enterprises, cooperatives, and business households.
Agribank Hoa Binh branch.
The banking system in the province now includes the State Bank of Vietnam (SBV)
provincial branch and branches of nine commercial banks - Agribank, BIDV,
Vietinbank, VCB, VPBank, LienVietPostbank, MBbank, BacAbank, HDbank, and Social
Policy Bank of Vietnam, plus a People's Credit Fund.
The province has 4,296 enterprises and 486 cooperatives. Most of the businesses
in the province need loans to boost production and business.
The banking system has been implementing credit programmes and policies under
the direction of the Government and the State Bank of Vietnam to create
favourable conditions for businesses and people to access credit capital,
invest in production and business development, create jobs, restore economic
development, and ensure social security.
As of January 31, 2023, the total locally mobilised capital of
credit institutions reached 40.546 trillion VND (1.73 billion USD). Total
outstanding loans to all economic sectors reached 34.22 trillion VND, of which
loans worth 7.656 trillion VND were offered to 1,203 enterprises, accounting
for 22.4% of the total outstanding loans.
Loans for agriculture and rural areas reached 16.535 trillion
VND, accounting for 48.3% of the total outstanding loans; those for 11
cooperatives reached 34 billion VND; and those for individuals and households
for production and business nearly 24.5 trillion VND.
To support credit activities for businesses, over the recent years, the State
Bank of Vietnam's branch has paid special attention to the programmes that
connect banks and businesses in the province.
Accordingly, the branch regularly signs coordination agreements
with the units to exchange and provide information on monetary and credit
policies.
The central bank’s branch also cooperates with the provincial
business association to promptly capture information and remove difficulties,
and create favourable conditions in accessing bank loans.
According to Ngo Quang Loi, Deputy Director of the State Bank of Vietnam's
provincial branch, up to now, the banking sector has organised 67 dialogue
conferences and working sessions with businesses with a total loan commitment
of 9.23 billion VND.
Outstanding loans under signed programmes are over 6.55 trillion
VND, and loan turnover (accumulated from the beginning of the year) is 7.655
trillion VND.
More than 1,270 customers received loans, including 1,203
businesses.
Banks and credit institutions in the province continue to
implement measures to support borrowers and remove difficulties for customers
under the direction of the Government and the State Bank of Vietnam./.
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.
