(HBO) - According to a report of the provincial branch of Vietmam Bank for Social Policies (VBSP), the total outstanding loan for the poor household in the province has reached VND 875.5 billion by the end of January 2023.
The preferential loans have
helped the poor households in De hamlet, Bac Phong commune (Cao Phong) to invest
in livestock has gradually overcome the difficulties.
This is the program with the
largest credit scale among the credit programs that VBSP has been implementing.
In January 2023, there are 234 poor households allowing to get loans from this
credit program, and the loan turnover has reached over 11.5 billion VND. Up to
now, in the province there are over 20.4 thousand customers with the
outstanding loans.
According to the assessment of
the provincial branch of VBSP, the preferential loans from VBSP have helped the
poor households in the province invest in the economic development and improve
their quality of life in recent years. In 2022, there were over 6.2 thousand
turns of the poor households receiving the preferential loans. Along with other
credit programs, VBSP is lending to the poor households, which is an important
source of capital to achieve the goal of the sustainable poverty reduction,
ensuring the social security and building the new rural areas in the province.
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.
