(HBO) - After five years of implementing Directive 40 issued on November 22, 2014 by the 11th Party Secretariat on the strengthening of Party leadership over social policy credit, the amount of local trusted capital in Hoa Binh has reached over 47.7 billion VND, 41.4 billion VND higher or 691 percent rise compared to that in December 31, 2014. The amount accounts for 1.4 percent of the total capital of the Vietnam Bank for Social Policies in the province.
Of the total, 19 billion VND was sourced from the provincial
budget, up 220 percent compared to that in 2014, while over 28 billion VND was
transferred from the district and city’s budget, a rise of 100 percent over
2014.
So far, 100 percent of the People’s Committees of districts
and city have transferred resources from the budget to the Vietnam Bank for
Social Policies in the province. Localities with high transferred amount
included Hoa Binh City, Kim Boi, Lac Son, Tan Lac and Luong Son districts.
Meanwhile, communal Women Unions also transferred 100
million VND to the bank./.
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.
