(HBO) - As of June 30, the total credit of institutions of the north-western province of Hoa Binh neared 21.26 trillion VND (909.7 million USD), increasing 5 percent year-on-year.
Of the figure, around 16.38 trillion VND
were mobilised from economic establishments and local people, a rise of 6.5
percent compared to the amount at end of last year.
Credit mobilised in over 12 months stood at
6.93 trillion VND, accounting for 33 percent of the total figure.
In the period, loans provided by the
province reached nearly 22 trillion VND, up 5 percent from the end of last year.
Of this, loans for prioritised sectors hit 18.19 trillion VND, while the figure
in credit programmes at the province’s branch of the Bank for Social Policies
stood at 3.09 trillion VND.
Hoa Binh’s bad debts were 594 billion VND,
or 2.7 percent of the total loans.
Credit institutions have carried out legal
documents related to currency, credit and interest which were issued by the
State and the State Bank of Vietnam.
They also stepped up credit work, sought measures to boost investment and
improved credit quality management and loans for programmes of priority.
Besides, measures to extend and adjust
debts’ due dates to ease economic difficulties for businesses and families were
strengthened.
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.
