(HBO) – According to the State Bank of Vietnam’s Hoa Binh province chapter, total capital of local banks and credit organisations was calculated at more than 20.9 trillion VND as of February 28, up 668 billion VND as compared to the end of 2017.
Of the total amount, 13.8 trillion VND was mobilised from economic organisations and local residents, increasing 3.5 percent or 468 billion VND from the end of 2017. In details, 2.388 trillion VND was contributed by businesses and 11.4 trillion VND by local residents, down 440 billion VND and up 908 billion VND, respectively.
Agribank Hoa Binh has been on the right track to
provide financial support for local businesses, making contributions to
promoting production activities.
Local commercial banks strictly followed the State Bank of Vietnam’s maximum
interest rate policy. Accordingly, interest rate for deposits in VND under one
month is 1 percent per year, that of the deposits from one to six months is 5.5
percent per year while the rate of six percent was applied at all People’s
Credit Funds.
Meanwhile the rate paid for deposits in 12-month term was 7 percent at
commercial banks and 6-9 percent at People’s Credit Funds.
Zero percent interest rate has been kept for USD savings at all terms./.
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.
