(HBO) - In 2023, the Vietnam Bank for Social Policies has assigned its branch in Hoa Binh to increase outstanding loans for credit programmes under the Government’s Resolution No. 11/NQ-CP by 53 billion VND.
Of the sum, 28 billion VND is for social housing
and 25 billion VND will be used to support housing, career change and value
chain in accordance with Decree No. 28/2022/ND-CP.
Since the beginning of this year, the provincial
branch has accelerated the disbursement of the credit programmes under
Resolution No. 11/NQ-CP.
As of March 31, the total outstanding loans
reached 277.3 billion VND (11.79 million USD), covering job creation,
maintenance and expansion (150 billion VND), social housing (112 billion VND),
computers and equipment for online learning of students (8.8 billion VND),
non-public preschools and primary schools (800 million VND), and the
implementation of the national target programme on socio-economic development
in ethnic minority-inhabited and mountainous regions (5.6 billion VND).
The timely implementation of the credit
programmes has contributed significantly to local socio-economic recovery and
development./.
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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