(HBO) – As one of the four local organisations entrusted by the Vietnam Bank for Social Policy (VBSP) in the province, the farmers’ association at all levels in the northwestern mountainous province of Hoa Binh has closely followed the province’s socio-economic development targets.
The association has
worked with the VBSP to instruct its chapters to carry out concerted measures to
promptly hand over the Government’s preferential loans to poor households and
policy beneficiaries, thus improving members’ lives and ensuring social
stability.
With
preferential loans from the VBSP, farmers in Yen Thuong commune in Cao Phong
district develop buffalo and cow breeding to stabilise their lives.
As of the end of
September, outstanding debts in
social policy credit programmes for poor households and policy beneficiaries
managed by the farmers’ association stood at 807.78 billion VND (34.77 million USD).
The loans were provided for 27,062 families, with overdue debts hitting
771 million VND. The association accounts for the largest share of loans among
four entrusted organisations.
Therefore, the preferential credit programmes have timely supported poor
and near-poor households and other policy beneficiaries, helping farmers to
overcome difficulties and enrich themselves./.
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.