(HBO) – As of September 30, the branch of the Vietnam Bank for Social Policies (VBSP) in Hoa Binh province had disbursed more than 3,400 loans worth 212.3 billion VND (over 8.5 million USD) for socio-economic recovery and development under the Government’s Resolution 11/NQ-CP.
In particular, the lending programme for job creation,
maintenance, and expanson saw 100 billion VND (fulfilling the target) disbursed
for more than 2,000 borrowers, and the lending programme for social housing
over 101 billion VND for 309 borrowers. About 9.8 billion VND (nearly 90% of
the target) was lent out to more than 1,000 disadvantaged students to buy
computers and other devices for online learning. A total of 1.24 billion VND
was also allocated for 15 non-public kindergartens and primary schools affected
by the COVID-19 pandemic.
However, funding hasn’t been disbursed for the
national target programme on socio-economic development in ethnic minority and
mountainous areas. The borrowing demand under this programme is 153.2 billion
VND.
The VBSP branch said the credit programmes under
the Government’s Resolution 11/NQ-CP have been carried out effectively, adding
that they are meaningful to helping with social security and socio-economic
recovery and development after the pandemic./.
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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