(HBO) - According to the State Bank of Vietnam (SBV)’s Hoa Binh provincial branch, the total capital mobilised in the locality by the end of February 2023 by credit institutions neared 40.6 trillion VND (about 1.73 billion USD), up 0.9% compared to the beginning of the year, in which the amount mobilised from organisations and individuals was 30.5 trillion VND , up 1.3%, and deposits from individuals topped 72.5% of the total mobilised capital.
Banch in Hoa Binh province works to attract deposits to meet demand for loans
in the locality.
Credit institutions in the province have offered interest rates
from 0.1-1% per year for less-than-a-month deposits. With deposits from 1 month
to less than 6 months, the interest rates are set at 4.6 to 6.0% a year at
commercial banks and from 3.5 to 5.6% a year at people's credit funds.
deposits determined by market supply and demand with a term of 6 to 12 months,
commercial banks have set interest rates from 6-8.6%; from 4-7.5% a year
at people’s credit funds; with a term from 12 months and above, interest rates
are set from 7.4-8.9% a year at commercial banks and from 6.2-7.8% a year
at people’s credit funds.
(HBO) -The Office of the Hoa Binh provincial People's Committee has just issued Notice No.3402/TB-VPUBND on the conclusion of the Chairman of the provincial People's Committee at the meeting of the provincial steering committee for improving the investment and business environment and provincial competitiveness index (PCI).
(HBO) – The authority of Lac Son district is striving to improve the District and Department Competitiveness Index (DDCI), aiming to improve the business and investment environment, thus attracting more businesses and investors to the locality.
(HBO) - On May 13rd, the Provincial Business Association hosted a conference on association, cooperation and development of Business Associations in the provinces of Hoa Binh, Son La, Dien Bien, Lai Chau with the theme "Sharing the mechanisms and policies to support the businesses in the Northwest mountainous provinces”; signing a cooperation agreement on the legal support for businesses between the Center of Vietnam International Arbitration and the Business Associations of 4 Northwest provinces.
(HBO) – Hoa Binh province’s State budget collection was estimated at 253.3 billion VND (10.79 million USD) in April, equivalent to 15% of the target assigned by the Resolution of the provincial People's Council, according to a report by the provincial People’s Committee.
(HBO) – Farmers in Dong Lai commune in Tan Lac district have successfully piloted and are expanding the model of off-season red flesh dragon fruit farming as it helps increase income and improve people’s living conditions.
(HBO) – In the 2022 Provincial Competitiveness Index (PCI) announced by the Vietnam Chamber of Commerce and Industry (VCCI) in early April, Hoa Binh ranked 53rd out of the country's 63 provinces and cities with a total score of 62.81 points, up 9 places compared to 2021. This result reflected efforts of the whole political system in reforming administrative procedures and improving the local business investment environment.