In recent years, non-cash payment has become popular in Hoa Binh province. This not only helps banks get closer to their digital banking goals but also creates many conveniences for customers.

According to the State Bank of Vietnam – Hoa Binh
branch, most business and service stores in Hoa Binh city currently accept
non-cash payment. Photo taken at Bao Anh store, Bac Tran Hung Dao urban area,
Hoa Binh city.
Non-cash payment helps limit the amount of cash in
circulation, reduce social costs, expand space, and shorten time for the
process of buying and selling goods and services.
In the medical field, non-cash payment activities have
achieved many positive results. According to a representative of the provincial
General Hospital, since the beginning of this year, thousands of patients have
made non-cash payments, a year-on-year increase of over 20%. This modern form
of payment helps patients shorten waiting times, and reduces human resources
making payments to the hospital.
Over the past years, the State Bank of Vietnam – Hoa Binh
branch (SBV Hoa Binh) has directed local credit institutions to continue
implementing solutions to promote digital transformation, with focus on
expanding non-cash payments. As a result, non-cash payment activities continue
to achieve positive results, especially in the fields of health, education and
social security.
To date, nearly 661,000 people, equivalent to over 75% of
the province’s population, have had transaction accounts at banks or other
licensed organisations. The total number of ATMs in operation is 73, and the
total number of point of sale (POS) machines is 492. The rates of customers
paying electricity and water bills through banks are over 75% and 58.6%,
respectively. And 100% of educational institutes in the province have
established a non-cash tuition fee collection system; however, the collection
of tuition fees without using cash has reached only 21.2%.
According to a representative of SBV Hoa Binh, the sector
continues to direct commercial banks in the locality to improve service quality
and effectively operate the non-cash payment equipment system; strengthen
inspections and strictly handle violations in complying with the provisions of
law and the State Bank of Vietnam; upgrade infrastructure and equipment
quality. It will also coordinate with local press agencies to regularly update
measures to identify risks, and prevent and handle violations in cashless
payment activities.
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.