(HBO) - As of June 30, the total credit of institutions of the north-western province of Hoa Binh neared 21.26 trillion VND (909.7 million USD), increasing 5 percent year-on-year.
Of the figure, around 16.38 trillion VND
were mobilised from economic establishments and local people, a rise of 6.5
percent compared to the amount at end of last year.
Credit mobilised in over 12 months stood at
6.93 trillion VND, accounting for 33 percent of the total figure.
In the period, loans provided by the
province reached nearly 22 trillion VND, up 5 percent from the end of last year.
Of this, loans for prioritised sectors hit 18.19 trillion VND, while the figure
in credit programmes at the province’s branch of the Bank for Social Policies
stood at 3.09 trillion VND.
Hoa Binh’s bad debts were 594 billion VND,
or 2.7 percent of the total loans.
Credit institutions have carried out legal
documents related to currency, credit and interest which were issued by the
State and the State Bank of Vietnam.
They also stepped up credit work, sought measures to boost investment and
improved credit quality management and loans for programmes of priority.
Besides, measures to extend and adjust
debts’ due dates to ease economic difficulties for businesses and families were
strengthened.
Appreciating the abundant potential and strengths of his hometown for tourism development, Ha Cong Hung, Deputy Secretary of the youth union of Mai Chau district’s Mai Hich commune, embarked on producing smoked meat with a desire to introduce his homeland's specialty to domestic and international tourists.
Hoa Binh farmers are investing big in their chilli pepper cultivation areas after the first batch of 7.5 tonnes of pickled chilli peppers was shipped to the Republic of Korea (RoK) by Tien Ngan Trade and Investment Co., Ltd last month.
Recognising the role and importance of developing the collective economy, the northern province of Hoa Binh has promptly issued support policies to propel the development of the economy, making important contributions to local socio-economic development.
Prime Minister Pham Minh Chinh attended a groundbreaking ceremony for an electronic printed circuit board (PCB) factory at Da River Left Bank Industrial Park in Hoa Binh province on April 13. The electronic PCB factory is invested by Japan's Meiko Group at a total cost of 200 million USD.
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.
