(HBO) – The Hoa Binh branch of the Vietnam Bank for Social Policies (VBSP) said its total outstanding concessional loans for low-income households in the province had reached 856.5 billion VND (36.6 million USD), with more than 20,600 borrowers in debt, by the end of June. This is the programme with the biggest outstanding loans among the preferential credit programmes the branch is implementing.
So far this year, more than 5,000 households in Hoa
Binh province have accessed loans from the bank’s credit programme for the poor
to improve livelihoods. Photo taken in Bao La commune of Mai Chau district.
In the first half of 2022, the programme
provided 248.7 billion VND in concessional loans for over 5,000 low-income
households. Besides, debt recovery has also been stepped up, with over 140
billion VND collected.
The VBSP branch said borrowers have used loans
properly and effectively. Amid the COVID-19 pandemic’s impacts, preferential
loans have continued assisting poor households to develop livelihoods, thereby
helping guarantee local social security./.
In the first quarter of 2024, the credit institutions in the province have actively deployed the legal documents of the State and the State Bank relating to currency, credit and interest rates. At the same time, they have promoted the capital mobilization, focusing on the solutions to expand the credit investment along with strengthening the credit quality management, lending to priority programs to promptly meet the capital needs for export - business and consumer demand during Tet in 2024.
Outside the key economic region of Hoa Binh, yet Lac Son district has utilised its potential and strengths regarding labour, land, and transportation connectivity to attract investment to the locality, contributing to promoting socio-economic development.
In a move to expedite the execution and disbursement of the 2024 capital plan for ODA projects, aiming for a disbursement rate of over 90% of the allocated funding, the Hoa Binh People's Committee issued Document No. 483/UBND-KTN on April 3, 2024, regarding such efforts.
Nguyen Van Thap from Kim Duc hamlet, Vinh Tien commune, Kim Boi district, has built the brand of Hoa Qua Son for local fruits. His efforts have brought about income for his family and generated job opportunities for locals, helping hundreds of households escape from poverty.
The Hoa Binh administration was entrusted by the Prime Minister with a budget of 3.43 trillion VND (142.91 million USD) for investment in 2024. The provincial People's Council approved nearly 3.76 trillion VND, which has been meticulously allocated to projects, achieving 100% of the assigned capital plan.
Hoa Binh province has mobilised all resources to propel local agricultural products to make inroads into foreign markets, towards lifting the export turnover of key agricultural products to 137.8 million USD by 2030, accounting for 3.4% of the locality’s total export value of goods.
The locality aims to export farm produce to the US, the European Union, the UK, China, Japan, and the Republic of Korea.
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