(HBO) – The State Bank of Vietnam (SBV)’s branch in Hoa Binh province (SBV Hoa Binh) has proactively implemented measures to remove difficulties facing its individual and corporate clients who are affected by the COVID-19 pandemic.
Customers
have body temperature checked at the transaction office of the Bank for
Investment and Development of Vietnam (BIDV) in Tran Hung Dao street (Hoa Binh
city)
According to reports from credit institutions operating in the locality, as of
March 15, as many as 166 borrowers in Hoa Binh were impacted by the COVID-19 outbreak,
with a total debt of over 552 billion VND. Of which, short-term outstanding
loans, medium and long-term outstanding loans, and overdue accumulated interest
valued at over 190.5 billion VND, nearly 362 billion VND and over 4.76 billion
VND, respectively.
Under the direction by the central bank’s provincial branch, credit
institutions have taken many measures to support their clients, including cutting
interest rates, providing new loans to clients and rescheduling debt repayment to
suit the actual condition and ability of each borrower.
Accordingly, a total interest of 26.52 million VND for combined loans of 9.38 billion
VND will be reduced for four borrowers. Meanwhile, six new borrowers will be
given new loans worth 34.4 billion VND, and three others will be allowed to postpone repayment of their existing loans totaling3.3 billion VND.
Vice Director of SBV Hoa Binh Ngo Quang Loi said the entire banking system in
the locality needs to coordinate with the local authorities to implement the
work well, thus helping enterprises and individuals overcome difficulties,
and contributing to promoting economic
growth and controlling inflation.
According to Loi,
credit institutions should actively monitor business and production of
enterprises operating in the province, timely make reports on impacts caused by
the Covid-19 outbreak on borrowers, and implement measures to support and
remove difficulties facing those affected by the pandemic, such as rescheduling
repayment, lowering interest rates and fees, and keeping debt groups unchanged
in line with the sector’s regulations.
He stressed the
necessary for credit institutions to work with communication agencies to
popularize support measures of the banking sector, and actively coordinate with
the local authorities, and relevant departments and sectors to swiftly give
support to those impacted by the pandemic.
Attention should be also paid to addressing issues arising in implementing
solutions to support enterprises and people, and preventing the abuse of the disease
to avoid the repayment for credits that are not subject to assistance, he
added./.
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.
