(HBO) - According to the Hoa Binh branch of the Bank for Social Policy, as of the end of July, total outstanding loans in social policy credit programmes surpassed 3.1 trillion VND (133.50 million USD), which were allocated to more than 137,830 borrowers.
In the first seven months of this year,
loans under those credit programmes totalled 653.29 billion VND (28.05 million USD),
with 20,410 poor households and social policy beneficiaries receiving loans.
Some credit programmes recorded strong
growth, notably those targeting families near the poverty line or just escaping
poverty, households engaging in production and business in disadvantaged areas,
along with programmes for clean water and rural environmental hygiene.
Credit of social policy programmes has
helped create jobs for 614 workers and 29 disadvantaged students continue their
studies.
In addition, nearly 6,890 clean water and hygiene
works were built or repaired in rural areas, along with 406 new houses for poor
families.
Thousands of households in remote and disadvantaged
areas received loans to start their business, thereby overcoming their difficulties
and raising their livelihoods. The source of credit also contributed to curbing
shark loans and effectively implementing the national target programme on sustainable
poverty reduction and building new-style rural areas in the province./.
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.
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.