(HBO) – Since the start of this year, the State Bank of Vietnam (SBV)’s Branch in Hoa Binh province has actively implemented guidelines and policies of the Party, State and sectors for banks and credit institutions in the province, with focus placed on providing preferential credit to people and businesses hurt by the COVID-19 pandemic and expanding non-cash payment from 2022 – 2025.
in Hoa Binh contributes to effectively boosting the local economic development.
Reports showed that Hoa Binh’s monetary market
remained fairly stable this year, with total capital mobilized by the end of
May totaling 35.55 trillion VND, up 6 percent from the end of last year. Over
28.13 trillion VND of which came from businesses and individuals, an increase
of 8 percent from the end of 2021.
According to statistics from the SBV Branch in
Hoa Binh, total outstanding loans in agriculture and rural development exceeded
15.78 trillion VND as of the end of May, accounting for 51 percent of the
total. Soft loans for small- and medium-sized enterprises reached over 7.03
trillion VND, making up 22.7 percent of the total; and that for exports and
supporting industry valued 22 billion VND.
In the coming time, Ngo Quang Loi, Deputy
Director of the SBV Branch in Hoa Binh, said it will continue focusing on
enforcing the State and Party’s related guidelines and policies, particularly
financial support packages under the government’s post-pandemic recovery
programme; and accelerate inspection over banks and credit institutions and
It will also closely control credit provision in
high-risk sectors, such as investment, real estate, securities, BOT and BT
transport projects, and corporate bonds; and strictly monitor credit poured
into land use right auctions under the direction of the State Bank of Vietnam.
The SBV Branch has been urging the continued
provision of support for pandemic-hit enterprises to push for economic recovery
and the effective implementation of policy credit programmes, particularly for
the poor and policy beneficiaries. It also plans to promote digital transformation
and cashless payment over the next three years./.
(HBO) – As the COVID-19 pandemic has been put under control, business, trade and service activities in Hoa Binh have recovered and developed strongly, with effective operation of markets, shopping centres and supermarkets.
(HBO) - According to the report of the People's Committee of Lac Thuy district, in the first 6 months of the year, the value of the industrial and handicraft production in the district was estimated at 780.74 billion VND, reaching 49.95% of the plan. Some key products with advantages have brought high economic value. They include 112.98 thousand m3 of exploiting stone of all kinds, reaching 49.97% of the plan; 46.5 million of baked bricks, reaching 49.8% of the plan; 13.14 million of the concrete bricks, reaching 49.6% of the plan.
(HBO) – Under the Government’s Project No. 06/CP on developing the application of population data, electronic identification and electronic verification, public security forces at all levels in Hoa Binh province have stepped up communications, encouraged and guided local residents to handle administrative procedures on the public service portal.
(HBO) – The Hoa Binh Provincial Council for Emulation and Commendation coordinated with the People’s Committee of Hoa Binh city to hold the first exchange conference for role models on July 7. The event was attended by leaders of the provincial Department of Home Affairs and the Hoa Binh Municipal People’s Committee, along with 41 individuals who are role models from localities across the province.