(HBO) – Da Bac district has carried out 14 preferential credit programmes with total outstanding loans of more than 350 billion VND (15 million USD). As many as 9,634 clients were provided with the loans.
The
quality of credit has been improved, and overdue loans account for only 0.06 percent
of the total outstanding loans.
Since the outset of the year, over 80 billion VND worth of loans was provided
for 2,174 customers, according to the transaction office of the Vietnam Bank
for Social Policies’ chapter in Da Bac district. The office has recovered over
50 billion VND in debt, and cleared bad debts worth 60 million VND.
The district is now having 243 savings and lending groups with 9,532 members. Each
commune has an average of 12 groups and 40 members.
In the past years, the Vietnam Bank for Social Policies have accompanied local
farmers, helping them enhance incomes and improve livelihoods. The preferential
loans have made significant contributions to carrying out the national target
on sustainable poverty alleviation and ensuring social welfare in the
district./.
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.
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.