Implementing the loan program for production and business households in difficult areas according to Decision No. 31/2007/QD-TTg of the Prime Minister, from the beginning of the year until now, Hoa Binh provincial Bank for Social Policies branch has disbursed 92.7 billion VND to 1,953 households. Up to now, the total outstanding debt of this credit program has reached more than 685 billion VND with more than 17.2 thousand customers with outstanding debt.
Households in Bai Trang hamlet, Dong Lai commune (Tan Lac district) borrowed capital from production and business households in difficult areas to grow grapefruit.
This is one of the four programs with the highest outstanding debt among the credit programs that the Provincial Bank for Social Policies Branch is managing. Through this credit program, tens thousands of production and business households in difficult areas have invested capital to expand production, improve economic efficiency and improve income.
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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