(HBO) -Statistics from State Bank of Vietnam - Hoa Binh province branch showed that as of June 30, the total capital mobilised by credit institutions in the locality reached 26.9 trillion VND, up 2.5 percent compared to that at the end of 2019.
BIDV – Hoa Binh branch well conducts capital
mobilisation, thus meeting demand for loans in service of socio-economic
development.
Of the total, the capital mobilised from
economic organisations and local residents surpassed 19.4 trillion VND, up 7.8
percent.
Although the COVID-19 pandemic is having
huge impact on production and business activities, total credit balance reached
23.3 trillion VND, up 1.5 percent against that on December 31, 2019. Of the total,
policy credit balance was 3.18 trillion VND, accounting for 14 percent. Bad
debts of local credit institutions were valued at 184 billion USD, or 0.81
percent of of total credit balance./.
Once a mountainous province facing many challenges, Hoa Binh has, after more than a decade of implementing the national target programme on new-style rural area development, emerged as a bright spot in Vietnam’s northern midland and mountainous region. In the first quarter of 2025, the province recorded positive results, paving the way for Hoa Binh to enter a phase of accelerated growth with a proactive and confident mindset.
Hoa Binh province is steadily advancing its agricultural sector through the adoption of high-tech solutions, seen as a sustainable path for long-term development.
The steering committee for key projects of Hoa Binh province convened on May 14 to assess the progress of major ongoing developments
A delegation of Hoa Binh province has attended the "Meet Korea 2025" event, recently held by the Ministry of Foreign Affairs, the Embassy of the Republic of Korea (RoK) in Vietnam, the Korea Trade-Investment Promotion Agency, and the People's Committee of Hung Yen province.
Hoa Binh province joined Vietnam’s national "One Commune, One Product” (OCOP) programme in 2019, not simply as a mountainous region following central policy, but with a clear vision to revive the cultural and agricultural values in its villages and crops.
From just 16 certified products in its inaugural year to 158 by early 2025, the One Commune One Product (OCOP) programme in Hoa Binh province has followed a steady and strategic path. But beyond the numbers, it has reawakened local heritage, turning oranges, bamboo shoots, brocade, and herbal remedies into branded, market-ready goods - and, more profoundly, transformed how local communities value and present their own cultural identity.
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