(HBO) - The Hoa Binh branch of the State Bank of Vietnam (SBV) has held a working session with commercial banks, the business association and some enterprises in the province to update on the situation of business and production as well as to discuss measures to remove difficulties and support customers affected by the COVID-19 epidemic.
Leaders of
the provincial SBV branch and local banks consider measures to support
enterprises and customers affected by COVID-19.
According to leaders of the provincial SBV branch,
the branch has quickly implemented guidance documents of the SBV and the
provincial People’s Committee on measures to prevent and control the epidemic,
along with those to address difficulties to help local customers amid the
complicated developments of the COVID-19. The branch also issued documents
instructing local credit organisations in the province to adopt solutions to
assist customers in accordance with the SBV’s Circular 01/2020/TT-NHNN and
related documents, thus helping them cut losses and stabilise production and
business activities.
However, there are a large number of local
enterprises and individual borrowers affected by the COVID-19 epidemic,
reaching 640 as of April 22, with total loan value reaching 1,092 billion VND
(46.58 million USD). Among them, there are 572 individual and household
customers, 66 enterprises and two cooperatives.
The provincial SBV branch said it will instruct
banks to continue review their customers and coordinate with customers to seek
suitable support measures, on the first and foremost condition of ensuring
giving support to the right subject and affected sectors in accordance with
instructions of the SBV and the provincial People’s Committee. At the same
time, banks should not cause difficulties for customers eligible for support.
In the time ahead, the branch will inspect banks and credit institutions’ implementation
of support measures for enterprises and borrowers affected by the COVID-19./.
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.
