Lien Viet Bank - Hoa Binh province branch always meets demand for capital to develop production and business of local people and businesses.

Amidst complicated developments of the COVID-19 pandemic, to meet capital resources to promote socio-economic development in the new situation, right from the first months of this year, the provincial banking sector has taken actions to help remove difficulties for businesses and people, maintain capital for production, contribute to the implementation of social welfare policies.

According to statistics of the State Bank of Vietnam (SBV)-Hoa Binh branch, the total capital in the province as of January 31 had reached about 33.9 trillion VND, an increase of about 1 percent compared to that in the end of 2021. Of the total, capital mobilised from economic organisations and local residents was estimated to rise by 1.2 percent against December 31, 2021, meeting 89 percent of the proportion of investment capital; and capital mobilised from local residents accounted for over 73 percent of that mobilised from economic organisations and residents.

Regarding credit activities, the total outstanding loans of the province had reached about 29.6 trillion VND as of January 31, up 1 percent compared to December 31, 2021, of which short-term loans accounted for 43.2 percent, and medium and long-term loans 56.8 percent.

According to Ngo Quang Loi, Deputy Director of the SBV-Hoa Binh branch, from the beginning of this year, in order to ensure the effective operation of credit institutions to make positive contributions to the province's socio-economic development, the bank has carried out supervision over credit institutions that have well complied with regulations on deposit interest rates and lending rates, while popularising banking credit policies and programmes, and solutions to support people and businesses in accordance with the Government’s policies.

For banks and credit institutions, in addition to well implementing the business plan for 2022, the SBV-Hoa Binh branch requires providing complete and timely information about support policies, programmes and solutions for borrowers for coordination in implementation./.

Related Topics

Hoa Binh youth union looks to spur start-up movement

Hoa Binh advances cooperative economy

Hoa Binh takes actions to connect markets, promote values of agricultural products

Luong Son district is determined to achieve the targets of double-digit growth

---

Issuing the certificates of the product safety in the supply chain for the establishments

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 reviews state budget revenue in first two months

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.

Young Thai ethnic woman brings traditional brocade to international market

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.

Tan Vinh farmers strive to excel in production and business

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.

Hoa Binh's leaders work with China Pacific Construction Group

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.

Hoa Binh calls for acceleration of PCB manufacturing plant project

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.