(HBĐT) - From the beginning of the year, the State Bank of Vietnam (SBV) has directed credit institutions, including those in Hoa Binh, to build and implement their 2019 business plan in accordance with the Government’s and SBV’s solutions on regulating monetary and credit policies and banking operation. The work aims at promoting credit growth, serving socio-economic development in the province.
Agribank branch in Lac Thuy mobilises maximum capital sources to meet
demand for local socio-economic development.
From the beginning of the year to
date, effective activities of banks and credit institutions have contributed to
promoting Hoa Binh’s socio-economic development. By the end of the second
quarter of 2019, their operating capital amounted to about 21.2 trillion VND,
up 5 percent compared to the end of 2018. Of the sum, over 16.3 trillion VND
were mobilised from economic organisations and residents, increasing 6.5
percent from the end of 2018 and meeting 73 percent of their total loans for
business investment. Meanwhile, as of June 30, total outstanding loans exceeded
21.99 trillion VND, up 5 percent compared to the end of 2018.
Commercial banks increased their
lending to prioritised areas, with outstanding loans for agriculture and rural sector
and for small- and medium-sized enterprises surpassed 13.69 billion VND and
4.44 trillion VND, accounting for 62.3 and 20.2 percent of their total,
respectively. Outstanding loans for export, industry and high-tech farming were
23billion VND, 22 billion VND and 2 billion VND, respectively.
Lending interest rates remained stable, with no
changes recorded for commercial banks’ short-term and medium/long term loans,
which ranged from 7.5 to 10 percent a year, and from 10.5 to 11.5 percent a
year, respectively.
In 2024, key agricultural exports from Hoa Binh province are expected to continue, benefiting from growing demand. Several local products have been exported under international orders since the start of the year. The agricultural sector is working with local businesses and producers to ensure adequate supply for export, while also expanding the domestic market.
A working delegation from Hoa Binh province led by Vice Chairman of the provincial People's Committee Nguyen Van Chuong held a working session with the Thai Chamber of Commerce and Industry in Vietnam (ThaiCham) on the sidelines of the "Meet Thailand" event co-hosted by the Ministry of Foreign Affairs, the Thai Embassy, and the People's Committee of Lao Cai province on August 28 in the northern mountainous province of Lao Cai.
Despite impacts from the complicated developments in the region and the world, Hoa Binh saw good signals in import-export activities in the first half of 2024.
Promoting the application of digital technology in new-style rural area building is an important criterion, contributing to the development of agricultural and rural economy, improving people's lives, and gradually narrowing the gap in service quality between rural and urban areas.
Determining industrial development as a driving force for socio-economic development, Lac Thuy district has stepped up the dissemination work to raise awareness of officials, party members, and people of the policy of forming and developing industrial clusters, while developing resolutions and action programmes, and including them in the local socio-economic development planning on promoting the development of these clusters.
With funding from the National Target Programme for socio-economic development in ethnic minority and mountainous areas, localities in of Hoa Binh province have invested in essential infrastructure which helps improve local people's lives.
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