(HBO) – The Hoa Binh branch of the Bank for Investment and Development of Vietnam (BIDV) is one of the key banks in the province. With a widespread network of transaction points covering important localities like Hoa Binh city, and Luong Son and Cao Phong districts, BIDV Hoa Binh has contributed greatly to local socio-economic development.
Staff members of the BIDV Hoa Binh branch have stepped up credit
disbursement to support production and business activities of local
enterprises.
The branch has mobilized over 3 trillion VND
(132.1 million USD) of capital since the beginning of 2018, equivalent to 86
percent of this year’s target. Its credit provision has also grown as planned.
By the end of the first quarter, outstanding loans of BIDV Hoa Binh exceeded
3.26 trillion VND (143.6 million USD), up 0.07 percent from the end of 2017,
equal to 222.26 billion VND. Specifically, outstanding loans for businesses
exceeded 2 trillion VND (88.1 million USD) and for individual clients came to nearly
1.24 trillion VND (54.6 million USD). Meanwhile, medium- and long-term credit
was about 1.55 trillion VND (68.3 million USD), accounting for 46.1 percent of
total outstanding loans.
Aside from boosting credit growth, BIDV Hoa Binh
has also paid special attention to credit quality. Its bad debt, estimated at
32.14 billion VND (1.4 million USD), now accounts for only 0.95 percent of
total outstanding loans.
The branch’s services are assessed as relatively
good, bringing in net revenues of 3.79 billion VND (167,000 USD) in the first
quarter, including 1.21 billion VND (53,300 USD) from the guarantee service and
1.58 billion VND (69,600 USD) from payment service.
Meanwhile, activities pertaining to payment,
cash circulation, treasury and network development have also received due
attention from the branch.
BIDV Hoa Binh currently has five transaction
offices and 10 ATMs, including six machines in Hoa Binh city, three in Luong
Son district, and one in Cao Phong district.
The number of points of sale (POS) accepting
BIDV cards has been maintained at shopping centres. There are 20 such machines
in the province at present./.
Maximizing local potential and advantages, Yen Tri commune in Yen Thuy district is actively promoting the cultivation of medicinal herbs and turning medicinal herbs into One Commune - One Product (OCOP) products.
Situated at the gateway to the Northwest, Hoa Binh province has a population of over 900,000, including about 540,000 of working age. It is home to 6,000 businesses and production facilities, providing employment for over 100,000 workers. The remaining workforce is engaged in informal jobs, works in enterprises outside the province, or contributes to agro-forestry-fisheries. Additionally, around 3,000 workers are employed abroad.
The Hoa Binh provincial People's Committee has issued Decision No. 2767/QD-UBND announcing the rankings of departments, agencies, districts and Hoa Binh city in the Public Administration Reform Index (PAR) and the Satisfaction Index of Public Administration Services (SIPAS) in 2024.
The cultivation of Dam Xanh fish (Bangana lemassoni), a unique fish species, has seen remarkable growth in Mai Chau district, thanks to its high economic value and effectiveness. Initially concentrated in Van Mai commune, farming has now extended to four other communes, namely Mai Hich, Mai Ha, Chieng Chau, and Son Thuy. These areas benefit from pristine underground water flowing from mountain crevices, providing ideal conditions for raising this specialty fish.
In 2024, the total state budget revenue of Hoa Binh Province is estimated at approximately VND 6,930 billion, achieving 183% of the Government’s target, 126% of the target assigned by the Provincial People's Council, and 145% compared to the same period last year.
In 2024, Hoa Binh province has shown signs of improvement in attracting investment and developing enterprises.
