(HBO) – The total outstanding loans of banks and credit institutions in the northern province of Hoa Binh reached over 21 trillion VND (907.8 million USD) at the end of 2018, a year-on-year rise of 12.46 percent, according to the State Bank of Vietnam’s local branch. Of which, the short-term outstanding loans were 8.63 trillion VND, making up 41 percent; middle and long-term ones, over 12.4 trillion VND, accounting for 59 percent.
The Hoa Binh branch of the joint Stock Commercial Bank for
Investment and Development of Vietnam (BIDV) offers production loans for many
enterprises and business households in the locality.
The interest rate for short-term production and
business loans of commercial banks ranged from 6.5 percent to 10 percent per
year (normally 8.5-9 percent per year), while middle- and long-term ones
10.5-11.5 percent per year.
People’s credit funds applied the interest rate
of between 10.8 percent and 12 percent per year for short-term loans, and
10.8-13.2 percent per year for medium- and long- term ones.
That for consumer loans of commercial banks and
people’s credit funds stood at 11 percent and 12-13.2 percent per year,
respectively.
Banks and credit institutions offered over 12
trillion VND in loans for the agricultural and rural sector, making up 62
percent of the total outstanding loans, up nearly 13 percent versus 2017.
Loans for small and medium-sized enterprises (SMEs) accounted for over 20
percent of total outstanding loans. The outstanding loans for industry, export,
high-tech and clean agriculture remained low./.
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.
