Yen Bai: Idle money flows into banks
- Thursday, September 17, 2020
YBO - Despite annual deposit rates being adjusted down between 0.3 and 0.5 percent, idle money continues to flow into banks in Yen Bai.
Good outcomes of deposit activities help commercial banks cut lending rates and support their business clients.
The effective implementation of an orchard development project has so far this year raised the total area under fruit trees in Yen Bai to 9,600 ha, a rise of 717 ha compared to the same period last year.
Over the recent years, localities in Yen Bai province have always focused on developing winter crops on rice farming areas and considered this the main production crop of the year, creating more jobs and increasing income for local farmers.
The Yen Bai Department of Industry and Trade has organised an online trade exchange conference connecting local businesses with the Vietnamese Trade offices abroad and foreign partners.
Yen Bai province boasts a vast area of fruit orchards totaling more than 9,000 hectares as of August 2020, up 2,500 hectares as compared to 2015.