(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./.
According to data from the Hoa Binh Provincial Party Committee, the industrial production index for the first six months of 2025 is estimated to have increased by 20% compared to the same period last year. This marks the highest year-on-year growth rate for this period since 2020.
In the first six months of 2025, Hoa Binh province’s export turnover was estimated at 1.145 billion USD, marking an 18.11% increase compared to the same period in 2024. Import turnover was estimated at $ 804 million, a 17.15% increase, which helped the province maintain a positive trade balance.
The lives of the ethnic minority farmers in Tan Lac district have gradually improved thanks to the new directions in agricultural production. This is a testament to the collective strength fostered through the professional associations and groups implemented by various levels of the district’s Farmers’ Union.
With the motto the "product quality comes first,” after nearly one year of establishment and operation, Muong village’s Clean Food Agricultural and Commercial Cooperative, located in Cau Hamlet, Hung Son Commune (Kim Boi district), has launched reputable, high-quality agricultural products to the market that are well-received by consumers. The products such as Muong village’s pork sausage, salt-cured chicken, and salt-cured pork hocks have gradually carved out a place in the market and they are on the path to obtaining the OCOP certification.
In the past, the phrase "bumper harvest, rock-bottom prices" was a familiar refrain for Vietnamese farmers engaged in fragmented, small-scale agriculture. But today, a new spirit is emerging across rural areas of Hoa Binh province - one of collaboration, organisation, and collective economic models that provide a stable foundation for production.
Maintaining growing area codes and packing facility codes in accordance with regulations is a mandatory requirement for agricultural products to be eligible for export. Recently, the Department of Agriculture and Environment of Hoa Binh province has intensified technical supervision of designated farming areas and packing facilities to safeguard the "green passport" that enables its products to access international markets.
