(HBO) - The Representative Committee of the Board of Directors of the Hoa Binh branch of the Vietnam Bank for Social Policies (VBSP) held a conference to review its performance in 2018 and implemented tasks for 2019. Bui Van Cuu, Vice Chairman of the provincial People's Committee, and head of the representative committee attended and directed the conference.
Leaders of VBSP’s Hoa Binh branch present
awards to four collectives with outstanding achievements in mobilising capital
in 2018.
In 2018, under the direction of the
Representative Committee of the Board of Directors, the VBSP’s Hoa Binh
branch implemented well capital mobilization and lending to poor households and
other policy beneficiaries. During the year, total lending in the whole
province reached 1.01 trillion VND, while total debt payment was 784 billion
VND.
As of December 31, 2018, total outstanding
loans under policy credit programmes were 2.93 trillion VND, reaching 99.93
percent of the plan, and increasing 227.16 billion VND year on year. There were
139,136 customers holding loans. A number of credit programmes registered high
credit growth including those designed for poor households, households living
close to poverty line and having just escaped from poverty, business households
in difficult areas, as well as programmes on clean water and rural sanitation,
housing for poor households and households from ethnic minority groups under
Decision 2085, and employment.
Overdue debts in the whole province were 4.13
billion VND, accounting for 0.14% of the total outstanding loans. As many as
119 communes, wards and towns had no overdue debt, while on-time debt payment
reached 89 percent. With the current credit policies, 99.8 percent of credit is
entrusted through four socio-political organisations.
Participants noted that the preferential
lending activities of VBSP has helped 38,700 poor households and welfare policy
beneficiaries develop their economic production and improve their living
conditions, while creating new jobs for 3,063 labourers, providing loans to 207
students with disadvantaged background to continue studying, building and
repairing 9,820 clean water supply works and 9,485 sanitation facilities in
rural areas, along with 1,054 new houses for poor households.
On this occasion, VBSP’s Hoa Binh branch
presented reward to the representative committees of VBSP’s Board of Directors
in four districts for their outstanding performance in mobilizing capital
resources. As many as 119 communal People's Committees were also awarded for
not having overdue debts in 2018./.
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.
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.
