(HBO) - Complicated developments of the COVID-19 pandemic have posed challenges for many enterprises and many workers have lost their jobs. Therefore, the issuance of Resolution No. 68/NQ-CP, dated July 1, 2021, of the Government and Decision No. 23/2021/QD-TTg, dated July 7, 2021 of the Prime Minister are considered as a "life vest" to help businesses and employees overcome a difficult period.
Staff of the Vietnam Bank for Social Policies’ branch in
Hoa Binh province visit businesses to grasp their needs and provide guidance on
how to conduct procedures for accessing loans.
According
to the Vietnam Bank for Social Policies' branch in Hoa Binh province, three
enterprises have loans disbursed to pay the salary for employees who had to
stop working in line with the Government's Resolution 68 and Decision 23 of the
Prime Minister.
Due to the impacts of the pandemic,Corporation IBB joint Stock Company,
which produces and distributes soft drinks and beer, has to suspend production
and business activities.
Nguyen Ngoc Quan, deputy director of the company, said although it temporarily
suspended operations, the company still has to pay salaries and social
insurance contributions for a number of key employees. Thus, it has faced many
difficulties in the past time.
Upon being informed and guided by the Vietnam Bank for Social Policies, the
company has applied for a loan. Thanks to its timely disbursement, the company
was able to overcome difficulties.
"Through the Vietnam Bank for Social Policies’ branch in Hoa Binh
province, we were able to quickly access the loan package under Resolution 68.
This is like a "life vest" for businesses in difficult times,"
Quan said.
Not only businesses have difficulties, but the non-public education system has
also born the brunt of the COVID-19 pandemic over the past two years.
Da
Hop kindergarten and primary school under Da Hop Education System joint Stock
Company is an example.
The
school has had to stop operations twice since the beginning of this year. It
means that there was no revenue so the school has a lot of difficulties in
paying teachers' salaries. The company received support from the branch’s
credit officer with the completion of the procedures and documents to access
capital quickly. Accordingly, more than 470 million VND was disbursed to help
the company pay salaries for over 140 workers.
Dang Duc Hanh, deputy director of the Vietnam Bank for Social Policies' branch
in Hoa Binh province, said there are 3,015 enterprises in the province, with
over 72,000 employees. Of which, nine enterprises have stopped operation, 75
enterprises have workers that have to stopped working, and 12 enterprises
engaged in the fields of transport, tourism, accommodation services, sending
Vietnamese workers to work abroad.
Up to now, the branch has received 10 dossiers from businesses wishing to
borrow capital, of which three businesses have loans been disbursed according
to Resolution 68 and Decision 23.
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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