(HBĐT) - From the beginning of the year, the State Bank of Vietnam (SBV) has directed credit institutions, including those in Hoa Binh, to build and implement their 2019 business plan in accordance with the Government’s and SBV’s solutions on regulating monetary and credit policies and banking operation. The work aims at promoting credit growth, serving socio-economic development in the province.
Agribank branch in Lac Thuy mobilises maximum capital sources to meet
demand for local socio-economic development.
From the beginning of the year to
date, effective activities of banks and credit institutions have contributed to
promoting Hoa Binh’s socio-economic development. By the end of the second
quarter of 2019, their operating capital amounted to about 21.2 trillion VND,
up 5 percent compared to the end of 2018. Of the sum, over 16.3 trillion VND
were mobilised from economic organisations and residents, increasing 6.5
percent from the end of 2018 and meeting 73 percent of their total loans for
business investment. Meanwhile, as of June 30, total outstanding loans exceeded
21.99 trillion VND, up 5 percent compared to the end of 2018.
Commercial banks increased their
lending to prioritised areas, with outstanding loans for agriculture and rural sector
and for small- and medium-sized enterprises surpassed 13.69 billion VND and
4.44 trillion VND, accounting for 62.3 and 20.2 percent of their total,
respectively. Outstanding loans for export, industry and high-tech farming were
23billion VND, 22 billion VND and 2 billion VND, respectively.
Lending interest rates remained stable, with no
changes recorded for commercial banks’ short-term and medium/long term loans,
which ranged from 7.5 to 10 percent a year, and from 10.5 to 11.5 percent a
year, respectively.
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.
