(HBO) - According to the provincial branch of the State Bank of Vietnam (SBV), the total capital of banks and credit institutions in Hoa Binh topped 42 trillion VND (1.78 billion USD) as of May 31 this year, an increase of 5.6% from December 31 last year. Of the sum, the money mobilised from economic organisations and individuals approximated 31.4 trillion VND.



Transactions at BIDV Hoa Binh which works to meet demand for loans serving locals’ business and production activities. 

The local debts as of May 31 amounted to over 34.7 trillion VND, an increase of 2% compared to the end of 2022. Short-term and long-term debts, meanwhile, accounted for 44.3% and 55.7% of the total debt, respectively. 

Statistics from the SBV’s provincial branch show that outstanding loans in priority sectors such as agriculture and rural areas; and to support small- and medium-sized enterprises were close to 17.1 trillion VND, and more than 7.64 trillion VND, accounting for 49% and 22% of the total debt. 

Interest rates for deposits with terms of less than one month ranged from 0.1 - 0.5% per year, while those with a term from one to less than six months, from 4.6 - 5.5% per year in commercial banks and from 3.5 to 5.6% per year in people's credit funds./.

 


Related Topics


Teacher sparks scientific innovation among ethnic minority students

More than just an information technology teacher, Bui Van Nien is an inspiring figure who has nurtured the scientific curiosity and creative spirit of students in Vietnam’s ethnic minority communities.

Resources mobilised to improve people’s living conditions in Da Bac

Da Bac is the most disadvantaged mountainous district in Hoa Binh province, with ethnic minorities accounting for about 90% of its population. Over the past years, the district has mobilised resources to implement ethnic policies to improve the quality of life of local people.

Hoa Binh builds safe and happy living environment for ethnic children

In recent years, Hoa Binh province has consistently prioritised the protection, care, and education of children, particularly those from ethnic minorities and disadvantaged backgrounds, by creating a safe, healthy, and nurturing environment for their all-round development.

Ceremony raises public awareness of tobacco harms

The Steering Committee for Tobacco Harm Prevention and Control of Hoa Binh province, in coordination with the Tobacco Harm Prevention and Control Fund, held a ceremony on May 28 in response to the World No Tobacco Day (May 31) and the National No Tobacco Week (from May 25 to 31). The event was chaired by Nguyen Van Toan, Standing Vice Chairman of the provincial People’s Committee and head of the Steering Committee.

The model of efficient energy lighting - Spreading the light of education

Since 2021, the Center for Industrial Promotion and Industrial Development Consulting (CIIDC) under the Department of Industry and Trade has been implementing a school lighting model as part of the plan for using energy efficiently and economically in Hoa Binh Province in the pẻiod of 2021 - 2025. This model not only aims to improve the learning conditions and enhance the education quality, but it also promotes the message of energy saving, energy security, environmental protection and contributes to the goals of socio-economic development.

Progress in ethnic minority education

In the 2024 - 2025 school year, the entire Hoa Binh provincial education sector includes 520 educational institutions and schools. Among them are 13 ethnic boarding schools with 153 classes and 4,487 students. Four of these schools have met national standards, reaching 30.7 percent.