(HBO) - Credit institutions in Hoa Binh province has actively implemented legal documents related to currency, credit and interest rate issued by the State and the State Bank to support those affected by the COVID-19 pandemic.
They also promoted the mobilisation of capital, and taken measures to expand
credit investment and strengthen the credit quality management, and priority
loan programmes.
BIDV staff in Phuong Lam branch (Hoa Binh
city) quickly implement transaction procedures for customers.
Banks and credit institutions have also paid attention to implementing solutions
on interest or fee exemptions and reductions for their customers that were
affected by the COVID-19 pandemic.
Accordingly, in the first quarter of 2021, 37 customers enjoyed interest reductions
or exemptions worth over 1 billion VND in total, while 628 others were given
loans totalling over 919 billion VND with preferential interest rate.
The VietnamBank for Social Policies’ chapter in Hoa Binh extendeddebtpayment deadlines for 37 borrowers
with total loans of 1.36 billion
VND, and provided loans worth 367 million VND with
the interest rate of zero percent for employers to pay salary for their employees
who had to stop working./.
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.
