(HBO) - The COVID-19 pandemic recently has seriously affected disadvantaged people in Hoa Binh, especially the bank's customers who are poor and social policy beneficiaries.
Despite
complicated developments of the COVID-19 pandemic, the provincial branch of the
Social Policy Bank has timely disbursed capital to its customers.
Borrowers who have not repaid principaldebts, especially those that are
under medical treatment or quarantine due to COVID-19, will have their debt
payment deadline postponed.
The bank will also adjust the term of debts and provide new loans to help
customers restore their production and business, while focusing on handling
risky debts.
Amid the epidemic, thanks to its specific plans, the bank has promptly
disbursed credit to its customers, completing the planned target and ensuring
safety of its staff and customers.
In the first quarter, it disbursed 305.8 billion VND in loans to 9,139
customers.
By the end of March, total outstanding debt balance stood at over 3.17 trillion
VND, equivalent to 99.8 percent of the year plan, up over 50.4 billion VND, or
1.62 percent, compared to 2019.
Of which, the outstanding debt financed by local entrusted capital is 43.4
billion VND, increasing by 10.5 billion VND, and overfulfilling the year's plan
by 31 percent
The central Social Policy Bank has submitted a plan on reducing interest rates
for poor households and policy beneficiaries to the Prime Minister. If the plan
is approved, from April 1 to the end of 2020, the interest rates of loans to
poor households and loan programmes with interest rates equal to those for poor
households will be cut by 15 percent.
Meanwhile, the interest rates applied for those in other programmes will be cut
by 10 percent.
In the coming time, the provincial SocialPolicy Bank will be tasked with
providing loans to employers at a zero percent interest rate, to pay their
employees who had to stop working for three months.
The value of this support programme is expected to total 16.2 trillion VND,
benefiting about 3 million workers.
The provincial SocialPolicy Bank branch will closely follow the guidance
of the central SocialPolicy Bank to timely provide loans for customers,
towards helping customers overcome difficulties amid the pandemic./.
After the Lunar New Year (Tet) holidays, trade union members and workers in Hoa Binh province returned to work with an excited spirit at the beginning of the new spring. Throughout the workshops, factories and enterprises, they were full of enthusiasm, immediately getting to work, striving to excellently complete tasks and production and business targets.
Red grapefruit is a native crop of Tan Lac district, where the fertile soil and favourable climate create ideal conditions for its growth. With over 80% of the area being mountainous, at an altitude of 300-400 metres above sea level, red grapefruits here thrive on well-drained, fertile hillside soil. The region’s large temperature variation between day and night enhances the fruit's nutrient absorption. The local cultivation techniques also contribute to its uniqueness
The provincial business association recently convened a conference to review its 2024 operations and outline plans for 2025. The meeting was attended by Standing Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Committee Bui Duc Hinh along with leaders from various departments and agencies.
Hoa Binh province is prioritising rural transportation infrastructure to improve mobility, facilitate trade, and boost socio-economic development.
The Minister of Agriculture and Rural Development has just issued Decision No. 377/QD-BNN-VPĐP approving the results of the evaluation and classification of the products of the National One Commune One Product Program in 2024 (phase 3).
As the Lunar New Year (Tet) approaches, the market becomes more vibrant than ever. In Hoa Binh province, preparations for Tet have been bustling since the 20th of the last lunar month, with an abundant supply of goods to meet the growing consumer demand.
