(HBO) - As organisations, businesses and individuals have an increasing demand for capital to serve production and business, meet the needs of family activities, and stabilise their lives in the first months of 2022, banks and credit institutions in Hoa Binh province have offered credit packages with many incentives.

Lien Viet Bank - Hoa Binh province branch always
meets demand for capital to develop production and business of local people and
businesses.
Amidst complicated developments of the COVID-19 pandemic, to
meet capital resources to promote socio-economic development in the new
situation, right from the first months of this year, the provincial banking
sector has taken actions to help remove difficulties for businesses and people,
maintain capital for production, contribute to the implementation of social
welfare policies.
According to statistics of the State Bank of Vietnam
(SBV)-Hoa Binh branch, the total capital in the province as of January 31 had
reached about 33.9 trillion VND, an increase of about 1 percent compared to
that in the end of 2021. Of the total, capital mobilised from economic
organisations and local residents was estimated to rise by 1.2 percent against
December 31, 2021, meeting 89 percent of the proportion of investment capital;
and capital mobilised from local residents accounted for over 73 percent of
that mobilised from economic organisations and residents.
Regarding credit activities, the total outstanding loans of
the province had reached about 29.6 trillion VND as of January 31, up 1 percent
compared to December 31, 2021, of which short-term loans accounted for 43.2
percent, and medium and long-term loans 56.8 percent.
According to Ngo Quang Loi, Deputy Director of the SBV-Hoa
Binh branch, from the beginning of this year, in order to ensure the effective
operation of credit institutions to make positive contributions to the
province's socio-economic development, the bank has carried out supervision
over credit institutions that have well complied with regulations on deposit
interest rates and lending rates, while popularising banking credit policies
and programmes, and solutions to support people and businesses in accordance
with the Government’s policies.
For banks and credit institutions, in addition to well
implementing the business plan for 2022, the SBV-Hoa Binh branch requires
providing complete and timely information about support policies, programmes
and solutions for borrowers for coordination in implementation./.
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.