(HBO) - The COVID-19 pandemic recently has seriously affected disadvantaged people in Hoa Binh, especially the bank's customers who are poor and social policy beneficiaries.
Despite
complicated developments of the COVID-19 pandemic, the provincial branch of the
Social Policy Bank has timely disbursed capital to its customers.
Borrowers who have not repaid principaldebts, especially those that are
under medical treatment or quarantine due to COVID-19, will have their debt
payment deadline postponed.
The bank will also adjust the term of debts and provide new loans to help
customers restore their production and business, while focusing on handling
risky debts.
Amid the epidemic, thanks to its specific plans, the bank has promptly
disbursed credit to its customers, completing the planned target and ensuring
safety of its staff and customers.
In the first quarter, it disbursed 305.8 billion VND in loans to 9,139
customers.
By the end of March, total outstanding debt balance stood at over 3.17 trillion
VND, equivalent to 99.8 percent of the year plan, up over 50.4 billion VND, or
1.62 percent, compared to 2019.
Of which, the outstanding debt financed by local entrusted capital is 43.4
billion VND, increasing by 10.5 billion VND, and overfulfilling the year's plan
by 31 percent
The central Social Policy Bank has submitted a plan on reducing interest rates
for poor households and policy beneficiaries to the Prime Minister. If the plan
is approved, from April 1 to the end of 2020, the interest rates of loans to
poor households and loan programmes with interest rates equal to those for poor
households will be cut by 15 percent.
Meanwhile, the interest rates applied for those in other programmes will be cut
by 10 percent.
In the coming time, the provincial SocialPolicy Bank will be tasked with
providing loans to employers at a zero percent interest rate, to pay their
employees who had to stop working for three months.
The value of this support programme is expected to total 16.2 trillion VND,
benefiting about 3 million workers.
The provincial SocialPolicy Bank branch will closely follow the guidance
of the central SocialPolicy Bank to timely provide loans for customers,
towards helping customers overcome difficulties amid the pandemic./.
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.
