In 2025, Hoa Binh’s banking sector will focus on providing capital to drive production and business activities. Credit institutions in the province are committed to meeting the loan demands of businesses and individuals, fostering economic growth.
Vietinbank branch in Hoa Binh effectively introduces credit packages to
customers.
Agribank’s Hoa Binh branch has launched preferential credit programmes, contributing to a nationwide funding package of 110 trillion VND (over 4.3 billion USD). This includes 70 trillion VND for production and business activities loans at a competitive 4.5% annual interest rate, 30 trillion VND for personal needs, and 10 trillion VND for green credit projects at 3.5% per year, targeting eco-friendly and organic agricultural initiatives.
According to Nguyen Huu Thang, Deputy Director of Agribank’s Hoa Binh branch, the programmes offer attractive rates and streamlined procedures to enhance financial access. With 12 branches and 29 transaction points, Agribank Hoa Binh surpassed its 2024 business targets, contributing to regional monetary stability.
Other financial institutions in the province are also rolling out preferential credit programs to support business recovery and expansion. The sector aims for 16% credit growth in 2025, with Hoa Binh targeting at least 12%, focusing on agriculture, enterprises, and collective economic models.
In 2024, the banking sector successfully implemented debt restructuring and preferential credit policies, leading to a 0.2–2% drop in lending interest rates compared to late 2023. Credit outstanding increased by over 2.83 trillion VND, supporting the province’s 9% GRDP growth.
Moving forward, the banking sector will continue facilitating access to capital, ensuring sustainable credit growth aligned with Hoa Binh’s economic development goals.
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.
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 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.
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.
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 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.
