(HBO) - Over the years, the Hoa Binh branch of the State Bank of Vietnam (SBV) has beendirecting its agencies to and fully implemented the SBV and the provincial People’s Committee documents guiding measures in a timely manner to prevent and fight COVID-19 as well as remove difficulties facing customers affected by the pandemic.
According to the SBV Hoa Binh branch, the affected customers
are in the fields of transport, catering, karaoke and accommodation service
supply, and trading (import and export, automobile, spare parts, and retail).
As of early June, 2020, the province had 1,383 affected
customers with total loans of over 3.22 trillion VND. In order to give timely
support to them, the SBV Hoa Binh branch has directed banks and credit
institutions to promptly implement measures to remove obstacles facing the
influenced customers.
The credit institutions have rolled out specific measures
such as adjusting payment time, reducing and exempting interest and fees,
maintaining major debts under regulations stated in Circular No. 01 issued on
March 13, 2020 by the SBV and the regulations of the headquarters to ease difficulties
for them in line with the real situation of each customer.
Accordingly, the banks have erased 428 million VND as
interest from an amount of 68.68 billion VND of loans for 22 customers. The debt
structure on 1.543 trillion VND of 869 customers has been maintained, and
nearly 60 billion VND of new loans given to nearly 150 customers.
For the Vietnam Bank for Social Policies in provinces, 115
customers were affected. Payment date for a 1.35 billion VND of loans has been
extended. The bank has extended the payment date for 37 borrowers with a total
amount of nearly 1.4 billion VND. Meanwhile, interest rateshave been reduced by
0.5-2 percent per year for borrowers affected by COVID-19.
In the future, the SBV Hoa Binh branch will continue keeping
a close eye on the implementation of measures to support customers and
businesses, while preventing those who take advantage of the support policies.
Meanwhile, the bank will continue taking urgent measures
designed by the banking sector to enhance the effective of efforts to ease
difficulties caused by the COVID-19 pandemic, while cooperating with
departments and sectors to evaluate the impact of the pandemic so as to give
timely support measures, helping businesses, especially small- and medium-sized
enterprises and those in priority sectors access assistance from banks. At the
same time, banks and credit institutions will also be supervised to make sure
they strictly implement regulations related to depositsand saving interests./.
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.