(HBO) - Over recent years, the Farmer Support Fund has proved effective and become a substantive credit channel to help farmers in Hoa Binh province develop production, gradually ease poverty and raise income. This kind of capital has helped many farmers build and develop models of cultivation, husbandry, business and services, thus contributing to agricultural restructuring and socio-economic development.
Luong Son district Farmers' Association disbursing
loans from the Farmer Support Fund to its members.
It has been more than three years since 10 households in Xam
Khoe commune (Mai Chau) received loans from the fund for a cow breeding project
entrusted by the Vietnam Farmers' Association Central Committee. With the
initial amount of 500 million VND (21,260 USD), the households have used the
capital for the right purpose, and the principal has been repaid fully and on
time, bringing practical economic benefits to them. After three years, their
combined revenue tops 1.2 billion VND; and 12 locals have jobs with stable
income.
Luong Van Hoang, head of the Farmers’ Association of Xam
Khoe commune, said that funding from the Farmer Support Fund not only helps
households develop their economy, but also contributes to the commune’s
socio-economic development.
In 2022, the value of the fund increased by 6.96 billion
VND, bringing the total to 46 billion VND, of which 14.85 billion VND was from
the Vietnam Farmers’ Association Central Committee; 12.249 billion VND from the
provincial budget; 9.98 billion VND from district budget; and 8.93 billion VND
from officials and members. Thousands of farmers have gained access to loans
from the fund, so they have gradually risen out of poverty and stabilised their
life.
Nguyen Thi Huong Hai, Vice President of the provincial
Farmers' Association, said that the fund has become a fulcrum helping local
farmers in expanding production and business, and increasing income.
In order to create unity in awareness and actions of the
associations at all levels, contribute to building, consolidating and enhancing
the core role of the associations, and improve the operation of the fund, the
provincial Farmers' Association have regularly urged the all-level associations
to inspect and supervise the use of loans, directed them to cut unnecessary
procedures, and collaborated with three entrusted banks to work to improve the
efficiency of loans./.
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.