(HBO) – The Vietnam Bank of Social Policies (VBSP)’s branch in Ky Son district has effectively implemented preferential credit programmes over the years. This is considered an effective tool in creating jobs and ensuring social welfare for ethnic people in the locality. People’s livelihoods have much improved thanks to preferential credits for economic development.

Family
of Nguyen Thi Hai in Van Tien village, Dan Ha commune (Ky Son district) invests
in poultry farming to bolster household economy.
Since 2017, the policy credit programmes
contributed to the building of 641 new clean water and sanitation works in
rural areas, helping to improve local people’s lives. They also provided loans
for 11 disadvantaged students and created jobs for 111 labourers.
As many as 23 poor and disadvantaged
families received loans to repair and upgrade their houses, thus stabilising
their lives.
As many as 152 households that have escaped
from poverty and near-poverty statuses, remain beneficiaries to preferential
credits toward sustainable poverty reduction.
Nguyen Manh Hung, Director of VBSP
transaction office in Ky Son district, said that the office has carried out 13
social policy credit programmes. As of the end of September, total loans for
nearly 4,980 families exceeded 129 billion VND (5.52 million USD). Overdue loans
in the district amounted to 287 million VND, or 0.22 percent of the total.
With the current mechanism, most of the
programmes are entrusted to socio-political organisations, with loans
accounting for 99.7 percent of the district’s total.
The trusted organisations have devised
programmes and inspected the implementation in affiliates, money-savings-and-borrowing
groups and borrowers. The VBSP’s district branch and trusted organisations
seriously attended periodical meetings, exchanged information and effectively
collaborated in steering and guiding activities of groups handling loans at
commune-level, to further improve model of money-savings-and-borrowing groups.
At transaction points in the communes, there
are signboards which record date of transaction, regulations, information on new
credit programmes, lists of households with loans within maturity date as well
as due and overdue loans.
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.