(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.
Customers
have body temperature checked at the transaction office of the Bank for
Investment and Development of Vietnam (BIDV) in Tran Hung Dao street (Hoa Binh
city)
According to reports from credit institutions operating in the locality, as of
March 15, as many as 166 borrowers in Hoa Binh were impacted by the COVID-19 outbreak,
with a total debt of over 552 billion VND. Of which, short-term outstanding
loans, medium and long-term outstanding loans, and overdue accumulated interest
valued at over 190.5 billion VND, nearly 362 billion VND and over 4.76 billion
VND, respectively.
Under the direction by the central bank’s provincial branch, credit
institutions have taken many measures to support their clients, including cutting
interest rates, providing new loans to clients and rescheduling debt repayment to
suit the actual condition and ability of each borrower.
Accordingly, a total interest of 26.52 million VND for combined loans of 9.38 billion
VND will be reduced for four borrowers. Meanwhile, six new borrowers will be
given new loans worth 34.4 billion VND, and three others will be allowed to postpone repayment of their existing loans totaling3.3 billion VND.
Vice Director of SBV Hoa Binh Ngo Quang Loi said the entire banking system in
the locality needs to coordinate with the local authorities to implement the
work well, thus helping enterprises and individuals overcome difficulties,
and contributing to promoting economic
growth and controlling inflation.
According to Loi,
credit institutions should actively monitor business and production of
enterprises operating in the province, timely make reports on impacts caused by
the Covid-19 outbreak on borrowers, and implement measures to support and
remove difficulties facing those affected by the pandemic, such as rescheduling
repayment, lowering interest rates and fees, and keeping debt groups unchanged
in line with the sector’s regulations.
He stressed the
necessary for credit institutions to work with communication agencies to
popularize support measures of the banking sector, and actively coordinate with
the local authorities, and relevant departments and sectors to swiftly give
support to those impacted by the pandemic.
Attention should be also paid to addressing issues arising in implementing
solutions to support enterprises and people, and preventing the abuse of the disease
to avoid the repayment for credits that are not subject to assistance, he
added./.
Anyone found to be encroaching upon the forest, even if it is just one bamboo shoot, will face penalties. This commitment has been unanimously added into the covenant of Bua Cau hamlet, Hung Son commune in Kim Boi district, to protect the forest.
The Hoa Binh Power Corporation (PC Hoa Binh) has applied synchronous measures to gear up for the coming summer season when power consumption demand surge may cause a risk of power supply disruption.
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.
