(HBO) - Complicated developments of the COVID-19 pandemic have posed challenges for many enterprises and many workers have lost their jobs. Therefore, the issuance of Resolution No. 68/NQ-CP, dated July 1, 2021, of the Government and Decision No. 23/2021/QD-TTg, dated July 7, 2021 of the Prime Minister are considered as a "life vest" to help businesses and employees overcome a difficult period.
Staff of the Vietnam Bank for Social Policies’ branch in
Hoa Binh province visit businesses to grasp their needs and provide guidance on
how to conduct procedures for accessing loans.
According
to the Vietnam Bank for Social Policies' branch in Hoa Binh province, three
enterprises have loans disbursed to pay the salary for employees who had to
stop working in line with the Government's Resolution 68 and Decision 23 of the
Prime Minister.
Due to the impacts of the pandemic,Corporation IBB joint Stock Company,
which produces and distributes soft drinks and beer, has to suspend production
and business activities.
Nguyen Ngoc Quan, deputy director of the company, said although it temporarily
suspended operations, the company still has to pay salaries and social
insurance contributions for a number of key employees. Thus, it has faced many
difficulties in the past time.
Upon being informed and guided by the Vietnam Bank for Social Policies, the
company has applied for a loan. Thanks to its timely disbursement, the company
was able to overcome difficulties.
"Through the Vietnam Bank for Social Policies’ branch in Hoa Binh
province, we were able to quickly access the loan package under Resolution 68.
This is like a "life vest" for businesses in difficult times,"
Quan said.
Not only businesses have difficulties, but the non-public education system has
also born the brunt of the COVID-19 pandemic over the past two years.
Da
Hop kindergarten and primary school under Da Hop Education System joint Stock
Company is an example.
The
school has had to stop operations twice since the beginning of this year. It
means that there was no revenue so the school has a lot of difficulties in
paying teachers' salaries. The company received support from the branch’s
credit officer with the completion of the procedures and documents to access
capital quickly. Accordingly, more than 470 million VND was disbursed to help
the company pay salaries for over 140 workers.
Dang Duc Hanh, deputy director of the Vietnam Bank for Social Policies' branch
in Hoa Binh province, said there are 3,015 enterprises in the province, with
over 72,000 employees. Of which, nine enterprises have stopped operation, 75
enterprises have workers that have to stopped working, and 12 enterprises
engaged in the fields of transport, tourism, accommodation services, sending
Vietnamese workers to work abroad.
Up to now, the branch has received 10 dossiers from businesses wishing to
borrow capital, of which three businesses have loans been disbursed according
to Resolution 68 and Decision 23.
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.
Hoa Binh province has mobilised all resources to propel local agricultural products to make inroads into foreign markets, towards lifting the export turnover of key agricultural products to 137.8 million USD by 2030, accounting for 3.4% of the locality’s total export value of goods.
The locality aims to export farm produce to the US, the European Union, the UK, China, Japan, and the Republic of Korea.
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