(HBO) – The Hoa Binh branch of the Vietnam Bank for Social Policies (VBSP) said its total outstanding concessional loans for low-income households in the province had reached 856.5 billion VND (36.6 million USD), with more than 20,600 borrowers in debt, by the end of June. This is the programme with the biggest outstanding loans among the preferential credit programmes the branch is implementing.
So far this year, more than 5,000 households in Hoa
Binh province have accessed loans from the bank’s credit programme for the poor
to improve livelihoods. Photo taken in Bao La commune of Mai Chau district.
In the first half of 2022, the programme
provided 248.7 billion VND in concessional loans for over 5,000 low-income
households. Besides, debt recovery has also been stepped up, with over 140
billion VND collected.
The VBSP branch said borrowers have used loans
properly and effectively. Amid the COVID-19 pandemic’s impacts, preferential
loans have continued assisting poor households to develop livelihoods, thereby
helping guarantee local social security./.
Dao Village’s honey – a product certified with a 3-star OCOP (One Commune One Product) rating by Thong Nhat Agricultural Cooperative in Dao Village (Hoa Binh City) – is highly regarded by consumers for its quality, richness, and variety in packaging. The distinctively sweet taste of Dao Village’s honey leaves a lasting impression on anyone who has tried it.
In alignment with Project No. 07-DA/TU, issued by the Hoa Binh provincial Party Committee on November 1, 2021, Lac Thuy district has actively promoted investment and supported the sustainable development of its industrial and handicraft sectors during the 2021–2025 period. Alongside this, the district has remained committed to preserving and revitalising traditional craft villages.
Located in the northern part of Lac Thuy district, with a temperate climate and fertile soil, Phu Thanh commune has great potential and advantages in growing tea. The long-standing experience, combined with strict adherence to organic farming practices in the tea gardens, ensures that the dried tea products from Phu Thanh and Lac Thuy as a whole are sold out immediately upon production, providing a stable and prosperous life for the local people.
Amid efforts to streamline the administrative apparatus, Hoa Binh province has intensified measures to address challenges in land clearance, resettlement support, and infrastructure investment, aiming to speed up the progress of key projects.
Hoa Binh province has posted an unprecedented economic growth rate of 12.76% in the first quarter of 2025, marking its highest quarterly performance to date and positioning it as the second fastest-growing locality in the country, trailing only Bac Giang province.
Under current regulations, products in the One Commune – One Product (OCOP) programme that are rated three stars or higher must undergo re-evaluation every three months. However, in reality, some of these products fail to consistently meet the required standards, raising concerns about the sustainability of their OCOP certification. This underscores the urgent need for producers to enhance product quality and gradually develop their OCOP products into strong, marketable brands.
