(HBO) – Banks in the northern province of Hoa Binh for years have actively provided credits for economic development, especially to meet the capital needs for production and business of enterprises, cooperatives, and business households.
Agribank Hoa Binh branch.
The banking system in the province now includes the State Bank of Vietnam (SBV)
provincial branch and branches of nine commercial banks - Agribank, BIDV,
Vietinbank, VCB, VPBank, LienVietPostbank, MBbank, BacAbank, HDbank, and Social
Policy Bank of Vietnam, plus a People's Credit Fund.
The province has 4,296 enterprises and 486 cooperatives. Most of the businesses
in the province need loans to boost production and business.
The banking system has been implementing credit programmes and policies under
the direction of the Government and the State Bank of Vietnam to create
favourable conditions for businesses and people to access credit capital,
invest in production and business development, create jobs, restore economic
development, and ensure social security.
As of January 31, 2023, the total locally mobilised capital of
credit institutions reached 40.546 trillion VND (1.73 billion USD). Total
outstanding loans to all economic sectors reached 34.22 trillion VND, of which
loans worth 7.656 trillion VND were offered to 1,203 enterprises, accounting
for 22.4% of the total outstanding loans.
Loans for agriculture and rural areas reached 16.535 trillion
VND, accounting for 48.3% of the total outstanding loans; those for 11
cooperatives reached 34 billion VND; and those for individuals and households
for production and business nearly 24.5 trillion VND.
To support credit activities for businesses, over the recent years, the State
Bank of Vietnam's branch has paid special attention to the programmes that
connect banks and businesses in the province.
Accordingly, the branch regularly signs coordination agreements
with the units to exchange and provide information on monetary and credit
policies.
The central bank’s branch also cooperates with the provincial
business association to promptly capture information and remove difficulties,
and create favourable conditions in accessing bank loans.
According to Ngo Quang Loi, Deputy Director of the State Bank of Vietnam's
provincial branch, up to now, the banking sector has organised 67 dialogue
conferences and working sessions with businesses with a total loan commitment
of 9.23 billion VND.
Outstanding loans under signed programmes are over 6.55 trillion
VND, and loan turnover (accumulated from the beginning of the year) is 7.655
trillion VND.
More than 1,270 customers received loans, including 1,203
businesses.
Banks and credit institutions in the province continue to
implement measures to support borrowers and remove difficulties for customers
under the direction of the Government and the State Bank of Vietnam./.
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.
