(HBO) – As of September 30, the branch of the Vietnam Bank for Social Policies (VBSP) in Hoa Binh province had disbursed more than 3,400 loans worth 212.3 billion VND (over 8.5 million USD) for socio-economic recovery and development under the Government’s Resolution 11/NQ-CP.
In particular, the lending programme for job creation,
maintenance, and expanson saw 100 billion VND (fulfilling the target) disbursed
for more than 2,000 borrowers, and the lending programme for social housing
over 101 billion VND for 309 borrowers. About 9.8 billion VND (nearly 90% of
the target) was lent out to more than 1,000 disadvantaged students to buy
computers and other devices for online learning. A total of 1.24 billion VND
was also allocated for 15 non-public kindergartens and primary schools affected
by the COVID-19 pandemic.
However, funding hasn’t been disbursed for the
national target programme on socio-economic development in ethnic minority and
mountainous areas. The borrowing demand under this programme is 153.2 billion
VND.
The VBSP branch said the credit programmes under
the Government’s Resolution 11/NQ-CP have been carried out effectively, adding
that they are meaningful to helping with social security and socio-economic
recovery and development after the pandemic./.
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.
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