HBO – The Hoa Binh province branch of the Bank for Agriculture and Rural Development of Vietnam (Agribank), the Agribank branch in Son La province, and Xuan Thien Son La Limited Company have signed a credit contract for the Suoi Sap 2A Hydro-power plant project.
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The Suoi Sap 2A
Hydro-power plant project has a capacity of 49.6MW with two turbines. It is
being built by the Xuan Thien Son La Limited Company in Ta Xua and Phieng Banh communes
in Son La’s Bac Yen district.
Leaders of Agribank-Hoa Binh,
Agribank-Son La and Xuan Thien Son La Limited Company sign the credit contract
on Suoi Sap 2A Hydro-power plant project.
The total investment
of the project is 1.562 trillion VND (excluding VAT), of which 694 billion VND is
contributed by the investor, and 868 billion VND is sourced from loans from
Agribank Hoa Binh (347.2 billion VND) and Agribank Son La (520.8 billion VND).
Construction on the
project began in October 2018 and is expected to complete in August 2022. Once
operational, the project is expected to generate electricity for the national
grid, contribute to the State budget and the locality’s socio-economic
development.
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.
