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(HBO) - Hoa Binh province has recently implemented a social housing project, which has drawn the attention of locals, especially those with low income. To meet locals’ needs, the Hoa Binh branch of the Vietnam Bank for Social Policies (VBSP) has actively carried out a lending programme for social housing in the locality.
Currently, the Hoa Binh branch of the Vietnam Bank for Social Policies (VBSP) is actively implementing a lending programme for social housing. Photo: The social housing project invested by Sao Vang Real Estate joint Stock Company in Hoa Binh city.
According to the statistics of the bank, in 2020, the social housing lending programme offered loans worth over 8.7 billion VND for 25 customers. The total outstanding loans reached nearly 15 billion VND with 46 customers as of December 31, 2020.
From the beginning of this year, the VBSP has allocated an additional 45 billion VND to its Hoa Binh branch, which is expected to meet the demand for loans of customers to help them pay for housing buying under contracts with investors. In the first six months of 2021, the branch disbursed over 4.5 billion VND for 17 households, bringing the total outstanding balance of the credit programme to nearly 19 billion VND with 62 customers with outstanding loans.
According to a leader of the provincial branch of the VBSP, the interest rate of loans under the Social Housing Lending Programme is 4.8 percent a year as regulated in the Government’s Decree No. 100/2015/ND-CP. The beneficiaries include revolution contributors, low-income people, poor households, and near-poor households in urban areas, workers of enterprises inside and outside industrial parks, military officers, non-commissioned officers, workers in agencies and units of the public security forces and the People's Army, and civil servants as prescribed by law.
Customers can borrow up to 80 percent of the contract value for the case of buying or renting social housing and 70 percent of the estimated value for the construction of a new house or renovation or repair of existing houses for a maximum period of 25 years./.
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.
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