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.
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The Farmers’ Association of Yen Bai province has just cooperated with the Management Board of the Forest and Farm Facility (FFF) programme, the Vietnam Farmer’s Union (VNFU), the Farmers’ Association of Yen Binh district, and Tan Nguyen commune to launch a large timber afforestation and forest restoration campaign in an attempt to reduce greenhouse emission.
Branded products of Yen Bai province have received warm welcome from the market. In recent years, many enterprises have paid due attention to developing their brands and secure a foothold in the market.
Defining public investment disbursement, including foreign capital, is the most important task, Yen Bai province has proactively devised plans on how to use the funding and repay loans in line with local resources as well as arrange resources to pay debt and fulfill repayment obligations, ensuring that outstanding debt is closely controlled.
Instead of just making a living from and taking advantage of forests, the Mong ethnic minority people in Yen Bai province now considers forests invaluable assets and know how to create livelihoods and get rid of poverty.