Bui Van Nam from Chua hamlet, Tu Ne commune, Tan Lac district, completes repayment of a student loan to the VBSP after both his sons graduated from university and secured stable jobs.

One day in June, Bui Van Nam – a resident in Chua hamlet, Tu Ne commune, Tan Lac district – visited the commune's transaction point to settle a student loan from the VBSP. Years ago, his family decided to borrow policy funds to invest in their children's university education. The investment has yielded fruit, with their sons now working in the educational and medical fields.

Nam shared that the family had many difficulties, so deciding to send the boys to university put them under significant pressure. With so many expenses to cover, without the State's preferential capital support it could be extremely hard for them to do so and reap the fruits of today. "My family is deeply grateful for the Party’s and State's policy funding, which enabled our disadvantaged children to pursue education.”

Meanwhile, Ha Van Nhuong's family in Man Duc town’s Hong Duong residential area also reaped fruitful results thanks to the policy credit. With a loan of 50 million VND (2,000 USD) from the bank, their economic situation has steadily improved. Through grapefruit cultivation and livestock farming, they now earn over 150 million VND on an annual basis.

Currently, 15 policy credit programmes are being implemented in Tan Lac district, with a debt balance from over 15,600 households totaling 575.4 billion VND. In the first half of 2024 alone, the local trade office of the VBSP disbursed over 105.7 billion VND to poor households and other policy beneficiaries, hence the creation of more than 300 jobs as well as the construction of 675 clean water and 648 household sanitation facilities.

Director of the office Nguyen Tuan Ngoc said local residents still have high demand for policy loans. In recent years, to supplement funds for preferential credit programmes, in addition to annual allocations from higher-level banks, the branch has advised authorities of the district to allocate a portion of the local budget to the VBSP’s operation here. "We have also actively mobilised idle funds within the community," Ngoc added.

Related Topics

Public investment fuels infrastructure breakthroughs in Hoa Binh's transformation journey

Public investment paves way for breakthrough development in Hoa Binh

Hoa Binh tourism is estimated to welcome over 3 million visitors

Total policy credit outstanding balance reaches over 5,670 billion VND

---

Six-month industrial production index estimated to rise 20%

According to data from the Hoa Binh Provincial Party Committee, the industrial production index for the first six months of 2025 is estimated to have increased by 20% compared to the same period last year. This marks the highest year-on-year growth rate for this period since 2020.

Exports exceeded 1.1 billion USD in 6 months

In the first six months of 2025, Hoa Binh province’s export turnover was estimated at 1.145 billion USD, marking an 18.11% increase compared to the same period in 2024. Import turnover was estimated at $ 804 million, a 17.15% increase, which helped the province maintain a positive trade balance.

The effectiveness of professional models of association and group in Tan Lac district

The lives of the ethnic minority farmers in Tan Lac district have gradually improved thanks to the new directions in agricultural production. This is a testament to the collective strength fostered through the professional associations and groups implemented by various levels of the district’s Farmers’ Union.

Building the brand of Muong village clean food

With the motto the "product quality comes first,” after nearly one year of establishment and operation, Muong village’s Clean Food Agricultural and Commercial Cooperative, located in Cau Hamlet, Hung Son Commune (Kim Boi district), has launched reputable, high-quality agricultural products to the market that are well-received by consumers. The products such as Muong village’s pork sausage, salt-cured chicken, and salt-cured pork hocks have gradually carved out a place in the market and they are on the path to obtaining the OCOP certification.

Hoa Binh ethnic farmers join forces through collective economic models

In the past, the phrase "bumper harvest, rock-bottom prices" was a familiar refrain for Vietnamese farmers engaged in fragmented, small-scale agriculture. But today, a new spirit is emerging across rural areas of Hoa Binh province - one of collaboration, organisation, and collective economic models that provide a stable foundation for production.

Maintaining farming area codes: Key to bringing Hoa Binh farm produce to global market

Maintaining growing area codes and packing facility codes in accordance with regulations is a mandatory requirement for agricultural products to be eligible for export. Recently, the Department of Agriculture and Environment of Hoa Binh province has intensified technical supervision of designated farming areas and packing facilities to safeguard the "green passport" that enables its products to access international markets.