(HBO) - According to the State Bank's provincial branch, the total debit balance of banks and credit organizations in the area reached nearly VND 21,000 billion, rising by 1.2% in comparison with this at the end of 2018. Of which, short-term debit balance was VND 8,467 billion, accounting for 40.4% of total debit balance; medium and long-term debit balance was VND 12,499 billion, accounting for 59.6% of the total.
In
terms of debit balance for credit programs: Agricultural and rural loans were
VND 12,949 billion, accounting for 61.8% of total debit balance; loans ato
support small and medium enterprises reached VND 4,287 billion, accounting for
20.4% of total debit balance; industrial loans supporting was VND 22 billion
and export loans was VND 22 billion. Particularly, outstanding loans to
preferential subjects and social policies reached VND 2,917 billion, accounting
for 13.9% of total debit balance.
In the first quarter of 2024, the credit institutions in the province have actively deployed the legal documents of the State and the State Bank relating to currency, credit and interest rates. At the same time, they have promoted the capital mobilization, focusing on the solutions to expand the credit investment along with strengthening the credit quality management, lending to priority programs to promptly meet the capital needs for export - business and consumer demand during Tet in 2024.
Outside the key economic region of Hoa Binh, yet Lac Son district has utilised its potential and strengths regarding labour, land, and transportation connectivity to attract investment to the locality, contributing to promoting socio-economic development.
In a move to expedite the execution and disbursement of the 2024 capital plan for ODA projects, aiming for a disbursement rate of over 90% of the allocated funding, the Hoa Binh People's Committee issued Document No. 483/UBND-KTN on April 3, 2024, regarding such efforts.
Nguyen Van Thap from Kim Duc hamlet, Vinh Tien commune, Kim Boi district, has built the brand of Hoa Qua Son for local fruits. His efforts have brought about income for his family and generated job opportunities for locals, helping hundreds of households escape from poverty.
The Hoa Binh administration was entrusted by the Prime Minister with a budget of 3.43 trillion VND (142.91 million USD) for investment in 2024. The provincial People's Council approved nearly 3.76 trillion VND, which has been meticulously allocated to projects, achieving 100% of the assigned capital plan.
Hoa Binh province has mobilised all resources to propel local agricultural products to make inroads into foreign markets, towards lifting the export turnover of key agricultural products to 137.8 million USD by 2030, accounting for 3.4% of the locality’s total export value of goods.
The locality aims to export farm produce to the US, the European Union, the UK, China, Japan, and the Republic of Korea.
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