(HBO) - Credit institutions in Hoa Binh province has actively implemented legal documents related to currency, credit and interest rate issued by the State and the State Bank to support those affected by the COVID-19 pandemic.
They also promoted the mobilisation of capital, and taken measures to expand
credit investment and strengthen the credit quality management, and priority
loan programmes.
BIDV staff in Phuong Lam branch (Hoa Binh
city) quickly implement transaction procedures for customers.
Banks and credit institutions have also paid attention to implementing solutions
on interest or fee exemptions and reductions for their customers that were
affected by the COVID-19 pandemic.
Accordingly, in the first quarter of 2021, 37 customers enjoyed interest reductions
or exemptions worth over 1 billion VND in total, while 628 others were given
loans totalling over 919 billion VND with preferential interest rate.
The VietnamBank for Social Policies’ chapter in Hoa Binh extendeddebtpayment deadlines for 37 borrowers
with total loans of 1.36 billion
VND, and provided loans worth 367 million VND with
the interest rate of zero percent for employers to pay salary for their employees
who had to stop working./.
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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