(HBO) - According to the report of the provincial branch of Bank for Social Policies (VBSP), implementing the credit program on the socio-economic recovery and development according to Resolution No. 11/NQ-CP, dated on January 30, 2022 of the Government, the whole branch has lent 3,161 loans with an amount of nearly 177.5 billion VND, completing 70% of the plan by the end of July 31, 2022,.
Implementing the loan program
for the economic recovery and development in accordance with Resolution No.
11/NQ-CP of the Government, the provincial branch of VBSP has disbursed over
177 billion VND by the end of July 2022.
In which, the loan program
supporting the job creation, job maintenance and expansion has disbursed 100
billion VND with over 2 thousand loans; the loan program for the social housing
has disbursed over 66.8 billion dongs with 159 loans; over 9.5 billion VND has
been disbursed for the students with difficult circumstances to buy computers;
they have allowed 13 non-public preschools and primary schools affected by
Covid-19 to get loans of over 1 billion VND.
According to the provincial
VBSP, the branch has reviewed the demand for the loan program for the economic
recovery and development, with a new loan demand of 145.9 billion dongs
recently. In which, the program for the social housing loan has the greatest
demand, with 137 billion VND. Currently, the whole branch continues focusing on
implementing the loan programs in accordance with Resolution No. 11/NQ-CP of
the Government to ensure the timely and right beneficiaries.
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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