(HBO) – The Hoa Binh branch of the Vietnam Bank for Social Policies (VBSP) said its total outstanding concessional loans for low-income households in the province had reached 856.5 billion VND (36.6 million USD), with more than 20,600 borrowers in debt, by the end of June. This is the programme with the biggest outstanding loans among the preferential credit programmes the branch is implementing.
So far this year, more than 5,000 households in Hoa
Binh province have accessed loans from the bank’s credit programme for the poor
to improve livelihoods. Photo taken in Bao La commune of Mai Chau district.
In the first half of 2022, the programme
provided 248.7 billion VND in concessional loans for over 5,000 low-income
households. Besides, debt recovery has also been stepped up, with over 140
billion VND collected.
The VBSP branch said borrowers have used loans
properly and effectively. Amid the COVID-19 pandemic’s impacts, preferential
loans have continued assisting poor households to develop livelihoods, thereby
helping guarantee local social security./.
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.
