(HBO) – In the face of the COVID-19 pandemic’s impact on many economic sectors, some commercial banks in Hoa Binh province have decided to extend debt payment deadlines, not charge interest on late payments, and assist people and businesses to access preferential loans to overcome difficulties.
The
Agribank branch in Cao Phong district has created favourable conditions for
clients to take out loans as the COVID-19 outbreak has hampered production and
business activities.
Since the year’s beginning, the COVID-19
outbreak has greatly affected the operation of local enterprises and business
households.
A homestay facility owner in Lac village of Chieng Chau commune, Mai Chau district,
said there are about 60 homestays receiving domestic and foreign visitors in
the village at present. However, the epidemic has forced many of them to shut down
and discouraged tourists to visit here.
Nguyen Anh Tuan, Director of the MBBank’s Hoa
Binh branch, noted it has more than 30 individual clients with loans of about 5
billion VND (211,800 USD) in Hoa Binh. His branch has built plans to support
them. It has also reviewed business borrowers that operate in the fields of
hospitality, transportation and trading of goods with China so as to
provide assistance such as cutting interest rates or extending debt payment
deadlines.
According to the provincial branch of the State
Bank of Vietnam (SBV), outstanding loans in Hoa Binh totaled nearly 22.68
trillion VND through the end of February, rising by just 0.2 percent from late
2019. The sum consists of nearly 9.3 trillion VND in short-term loans and 13.38
trillion VND in medium- and long-term loans, respectively accounting for 41
percent and 59 percent of the total.
Deputy Director of the branch Ngo Quang Loi said
to carry out the SBV’s monetary policy and directions, his branch has instructed
credit organisations to keep track of the production – business situation and
losses of their clients due to COVID-19’s impact, especially sectors vulnerable
to the pandemic like tourism, agriculture and import-export, so as to take
timely measures to help them address difficulties. At the same time, it is also
working to meet the capital demand of feasible production and business plans
and prioritise capital for agriculture and rural development./.
In Lac Thuy district, communes have been succeeded in promoting their One Commune-One Product (OCOP) products while others are still struggling to position their typical farming products in market. Some communes in the district still fail to have their products met OCOP programme’s requirements, while others have seen their certifications expired.
The inspectorate agency of Hoa Binh province has issued Official Dispatch No. 1090/TTr-PCTN to provincial departments, agencies, localities, business associations, enterprises, and investors regarding measures to improve informal component indexes of the Provincial Competitiveness Index (PCI).
Hoa Binh is taking concrete steps to improve its investment environment, with a strong focus on supporting businesses, settling obstacles for strategic investors, and creating opportunities for robust development in the coming years.
Under the blazing early summer sun, the construction site of Nhuan Trach Industrial Park (IP) in Luong Son district is abuzz with activities from dawn to dusk, a testament to the determination of the investor to meet their construction targets on schedule.
