(HBO) - According to a report of the provincial branch of Vietmam Bank for Social Policies (VBSP), the total outstanding loan for the poor household in the province has reached VND 875.5 billion by the end of January 2023.
The preferential loans have
helped the poor households in De hamlet, Bac Phong commune (Cao Phong) to invest
in livestock has gradually overcome the difficulties.
This is the program with the
largest credit scale among the credit programs that VBSP has been implementing.
In January 2023, there are 234 poor households allowing to get loans from this
credit program, and the loan turnover has reached over 11.5 billion VND. Up to
now, in the province there are over 20.4 thousand customers with the
outstanding loans.
According to the assessment of
the provincial branch of VBSP, the preferential loans from VBSP have helped the
poor households in the province invest in the economic development and improve
their quality of life in recent years. In 2022, there were over 6.2 thousand
turns of the poor households receiving the preferential loans. Along with other
credit programs, VBSP is lending to the poor households, which is an important
source of capital to achieve the goal of the sustainable poverty reduction,
ensuring the social security and building the new rural areas in the province.
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.
