(HBO) – According to the State Bank of Vietnam’s Hoa Binh province chapter, total capital of local banks and credit organisations was calculated at more than 20.9 trillion VND as of February 28, up 668 billion VND as compared to the end of 2017.
Of the total amount, 13.8 trillion VND was mobilised from economic organisations and local residents, increasing 3.5 percent or 468 billion VND from the end of 2017. In details, 2.388 trillion VND was contributed by businesses and 11.4 trillion VND by local residents, down 440 billion VND and up 908 billion VND, respectively.
Agribank Hoa Binh has been on the right track to
provide financial support for local businesses, making contributions to
promoting production activities.
Local commercial banks strictly followed the State Bank of Vietnam’s maximum
interest rate policy. Accordingly, interest rate for deposits in VND under one
month is 1 percent per year, that of the deposits from one to six months is 5.5
percent per year while the rate of six percent was applied at all People’s
Credit Funds.
Meanwhile the rate paid for deposits in 12-month term was 7 percent at
commercial banks and 6-9 percent at People’s Credit Funds.
Zero percent interest rate has been kept for USD savings at all terms./.
Anyone found to be encroaching upon the forest, even if it is just one bamboo shoot, will face penalties. This commitment has been unanimously added into the covenant of Bua Cau hamlet, Hung Son commune in Kim Boi district, to protect the forest.
The Hoa Binh Power Corporation (PC Hoa Binh) has applied synchronous measures to gear up for the coming summer season when power consumption demand surge may cause a risk of power supply disruption.
Appreciating the abundant potential and strengths of his hometown for tourism development, Ha Cong Hung, Deputy Secretary of the youth union of Mai Chau district’s Mai Hich commune, embarked on producing smoked meat with a desire to introduce his homeland's specialty to domestic and international tourists.
Hoa Binh farmers are investing big in their chilli pepper cultivation areas after the first batch of 7.5 tonnes of pickled chilli peppers was shipped to the Republic of Korea (RoK) by Tien Ngan Trade and Investment Co., Ltd last month.
Recognising the role and importance of developing the collective economy, the northern province of Hoa Binh has promptly issued support policies to propel the development of the economy, making important contributions to local socio-economic development.
Prime Minister Pham Minh Chinh attended a groundbreaking ceremony for an electronic printed circuit board (PCB) factory at Da River Left Bank Industrial Park in Hoa Binh province on April 13. The electronic PCB factory is invested by Japan's Meiko Group at a total cost of 200 million USD.
