(HBO) – The State Bank of Vietnam’s branch in Hoa Binh has mapped out orientations to direct banks and credit organisations in the northern province to implement key tasks in the field, thus realising the sector’s main monetary targets and contributing to local stability and economic growth.
currently records outstanding loans of over 1.2 trillion VND.
By the end of 2019, the total operation capital of credit institutions in the
province exceeded 26.5 trillion VND, a year-on-year rise of 13.4 percent. Total
outstanding loans in the province surpassed 22.9 trillion VND, up 9.1 percent
against the previous year. Of which, short-term loans accounted for 42.1 percent,
medium-and long-term ones 57.9 percent.
Banks and credit institutions, especially commercial
banks, all saw an increase in outstanding loans, notably joint Stock Commercial
Bank for Investment and Development of Vietnam (BIDV) 13.8 percent, Vietnam joint
Stock Commercial Bank for Industry and Trade (Viettinbank) 8.2 percent,
Military Commercial joint Stock Bank (MB) 17 percent, Lien Viet Post joint
Stock Commercial Bank (LienVietPostBank) 7.3 percent, and Vietnam Prosperity
joint Stock Commercial Bank (VPBank) 1.8 percent.
In 2019, the total bad debts were estimated at
258 billion VND, making up 1.12 percent of the total outstanding debts, down
157 billion VND compared to 2018.
Banks and credit organisations have worked out
measures to remove difficulties for businesses and pay attention to investment
in local economic development. They have also actively carried out preferential
credit programmes and provided loans for poor households and social welfare
beneficiaries in prioritising fields as directed by the State Bank of Vietnam such as
rural and agriculture.
In 2020, the provincial State Bank of Vietnam branch
strives to increase the mobilisation of capital by 16 percent or more. Outstanding
loans are estimated to climb by 14 percent while the ratio of bad debts below 3
(HBO) – The State Bank of Vietnam (SBV)’s branch in Hoa Binh province (SBV Hoa Binh) has proactively implemented measures to remove difficulties facing its individual and corporate clients who are affected by the COVID-19 pandemic.
(HBO) - The product "Oranges - premium gifts” of the 3T Cao Phong agricultural cooperative has been granted a three-star rating for OCOP product at the provincial-level. The cooperative has built the "three good” criteria for its farm products - good soil, good seed, good heart – with the goal of making a real difference between its oranges and other types of oranges produced in Cao Phong district.
(HBO) – As of the end of 2019, 88 out of the 191 communes in Hoa Binh were recognised as new-style rural areas, up 25 compared to the previous year.
(HBO) - Over the past years, Hoa Binh province has created conditions for businesses specialising in agricultural products in the locality to meet their counterparts nationwide in order to seek cooperation opportunities and expand markets. The move aims to promote trade and build brand names for local agricultural products, especially high-quality ones.
Foreign direct investment (FDI) pledges to Vietnam in the first three months of 2020 fell by a sharp 20.9% over the same period of 2019 to US$8.55 billion, according to the Foreign Investment Agency.
(HBO) – In the face of the COVID-19 pandemic’s impact on many economic sectors, some commercial banks in Hoa Binh province have decided to extend debt payment deadlines, not charge interest on late payments, and assist people and businesses to access preferential loans to overcome difficulties.