(HBO) – According to the State Bank of Vietnam’s Hoa Binh province chapter, total capital of local banks and credit organisations was calculated at more than 20.9 trillion VND as of February 28, up 668 billion VND as compared to the end of 2017.
Of the total amount, 13.8 trillion VND was mobilised from economic organisations and local residents, increasing 3.5 percent or 468 billion VND from the end of 2017. In details, 2.388 trillion VND was contributed by businesses and 11.4 trillion VND by local residents, down 440 billion VND and up 908 billion VND, respectively.
Agribank Hoa Binh has been on the right track to
provide financial support for local businesses, making contributions to
promoting production activities.
Local commercial banks strictly followed the State Bank of Vietnam’s maximum
interest rate policy. Accordingly, interest rate for deposits in VND under one
month is 1 percent per year, that of the deposits from one to six months is 5.5
percent per year while the rate of six percent was applied at all People’s
Credit Funds.
Meanwhile the rate paid for deposits in 12-month term was 7 percent at
commercial banks and 6-9 percent at People’s Credit Funds.
Zero percent interest rate has been kept for USD savings at all terms./.
Since the beginning of this year, under the direction of the Department of Agriculture and Environment, the Sub-Department of Agricultural, Forestry, and Fishery Product Quality Management has strengthened the integration of the professional activities to promote and guide the organizations and individuals in the production and trading of agricultural, forestry, and fishery products to comply with the legal regulations regarding the use of chemicals, pesticides and veterinary medicines in crop cultivation, livestock farming and aquaculture. They also provide guidance to processing and manufacturing establishments on keeping the records to trace the product origins and using food additives from the approved list according to the regulations.
Hoa Binh province saw a significant rise in state budget revenue in the first two months of 2025, heard a meeting chaired by Vice Chairman of the provincial People’s Committee Quach Tat Liem.
Ha Thi Ha Chi, a 26-year-old graduate in law, has taken an unconventional path by returning to her hometown in Mai Chau district to establish the Tong Dau Cooperative, creating stable jobs for local women and bringing Thai ethnic brocade weaving to the global market.
As the Lunar New Year 2025 approached, pork prices surged, creating a profitable season for farmers in Tan Vinh commune, Luong Son district. Taking advantage of the rising demand, Can Minh Son, a farmer from Coi hamlet, sold over 30 pigs at 69,000 VND/kg, each weighing more than 100 kg. After deducting expenses, his family earned a profit of over 50 million VND.
alternate member of the Central Party Committee, Secretary of the Hoa Binh provincial Party Committee Nguyen Phi Long on March 5 had a working session with Yan Jiehe, Founder and Chairman of the China Pacific Construction Group, one of China's largest private corporations in the field of transport infrastructure. Deputy Secretary of the provincial Party Committee, Chairman of the provincial People's Committee Bui Duc Hinh and leaders of provincial departments and sectors also attended the working session.
The electronic printed circuit board (PCB) manufacturing and processing plant of Japan’s Meiko Group, located at Da River Left Bank Industrial Park in Hoa Binh city with a total investment of over 200 million USD, is expected to create thousands of jobs and make a significant contribution to the local budget.
