(HBO) - According to the transaction office in Cao Phong district of the bank for social policies, total outstanding loans provided for policy beneficiaries in the locality reached nearly 311.8 billion VND as of the end of June 2021, equivalent to 100 percent of the target set for the year, and up 20.5 billion VND from the figure reported in the end of 2020.
During
the period, growth was seen in a number of credit programmes, including loans
for near-poor households (up 4.6 billion VND), loans for building
water,sanitationandhygiene facilities (up 7.9 billion VND),
loans for business households in difficult areas (up 9.7 billion VND), and
creating jobs (up 1.3 billion VND).
Meanwhile, credit programmes reported decreases
in outstanding loans include those providing housing support for poor
households (down 1.6 billion VND), loans to ethnic minority households (down
1.4 billion VND).
During the period, as many as 2,417 poor
households, near-poor households and other policy beneficiaries in Cao Phong
district accessed socialpolicyloanstotaling 80 billion VND
with each household averagely receiving 33 million VND.
Loans was disbursed swiftly, helping 1,180 poor
and near-poor households, and those in disadvantaged areas further invest in
production and business, and contributing to constructing over 2,100 clean
water and environmental hygiene projects for rural households./.
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.