(HBO) -Statistics from State Bank of Vietnam - Hoa Binh province branch showed that as of June 30, the total capital mobilised by credit institutions in the locality reached 26.9 trillion VND, up 2.5 percent compared to that at the end of 2019.
BIDV – Hoa Binh branch well conducts capital
mobilisation, thus meeting demand for loans in service of socio-economic
development.
Of the total, the capital mobilised from
economic organisations and local residents surpassed 19.4 trillion VND, up 7.8
percent.
Although the COVID-19 pandemic is having
huge impact on production and business activities, total credit balance reached
23.3 trillion VND, up 1.5 percent against that on December 31, 2019. Of the total,
policy credit balance was 3.18 trillion VND, accounting for 14 percent. Bad
debts of local credit institutions were valued at 184 billion USD, or 0.81
percent of of total credit balance./.
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.
