(HBO) - Statistics from the Vietnam Bank for Social Policies (VBSP)'s branch in Hoa Binh province showed that as of October 31, the total policy credit balance in the locality reached over 3.57 trillion VND.
The bank has been deploying 11 policy credit programmes for poor and near poor households, and other policy beneficiaries. In the first ten months of 2021, more than 30,000 customers had got access to loans with a total value of over 1.1 trillion VND.
The outstanding loan growth mainly focused on lending programmes for business households in difficult areas (269 billion VND), near-poor households (202 billion VND), households newly escaped from poverty (185 billion VND), and poor households (176 billion VND).
In addition, the bank has also had a loan programme worth 3.2 billion VND for employers to help them pay wages to their labourers that have to stop working due to the COVID-19 pandemic, and restore their production activities.
In the context of complicated developments of the COVID-19 pandemic, policy credit programmes in Hoa Binh have contributed to ensuring social security, promoting sustainable poverty reduction and new-style rural construction in the locality.
In the first ten months of 2021, policy credit programmes helped generate jobs for over 3,500 labourers, and develop nearly 16,000 clean water and sanitation projects./.
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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