(HBO) – The total outstanding loans of banks and credit institutions in the northern province of Hoa Binh reached over 21 trillion VND (907.8 million USD) at the end of 2018, a year-on-year rise of 12.46 percent, according to the State Bank of Vietnam’s local branch. Of which, the short-term outstanding loans were 8.63 trillion VND, making up 41 percent; middle and long-term ones, over 12.4 trillion VND, accounting for 59 percent.
The Hoa Binh branch of the joint Stock Commercial Bank for
Investment and Development of Vietnam (BIDV) offers production loans for many
enterprises and business households in the locality.
The interest rate for short-term production and
business loans of commercial banks ranged from 6.5 percent to 10 percent per
year (normally 8.5-9 percent per year), while middle- and long-term ones
10.5-11.5 percent per year.
People’s credit funds applied the interest rate
of between 10.8 percent and 12 percent per year for short-term loans, and
10.8-13.2 percent per year for medium- and long- term ones.
That for consumer loans of commercial banks and
people’s credit funds stood at 11 percent and 12-13.2 percent per year,
respectively.
Banks and credit institutions offered over 12
trillion VND in loans for the agricultural and rural sector, making up 62
percent of the total outstanding loans, up nearly 13 percent versus 2017.
Loans for small and medium-sized enterprises (SMEs) accounted for over 20
percent of total outstanding loans. The outstanding loans for industry, export,
high-tech and clean agriculture remained low./.
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.
