Banks in Hoa Binh province have proactively grasped local people and businesses' demand for cash to ensure sufficient supply in various denominations during the Lunar New Year (Tet) holiday.
Employees at VPBank Song Da guide customers to use self-service options, ensuring smooth transactions for customers as Tet approaches.
Since the beginning of January, there has been a significant surge in demand for small currency exchange for payment, consumption, and Tet lucky money, among others at the local Agribank branch, compared to normal days. In addition to securing cash reserves, the branch has developed plans and proposed full cash supply to meet the needs of individuals and businesses.
In recent times, commercial banks in the province have encouraged customers to use electronic banking services in line with the government's directive on cashless transactions. However, as Tet nears, the demand for small currency exchange from the public remains high.
Tran Thi Huong Giang, Director of VPBank Song Da, said that based on customers’ needs, the branch has proactively implemented measures to regulate cash supply and allocate human resources to ensure smooth and convenient transactions.
At this time, the demand for cash exchange, especially for small denominations, at VietinBank Hoa Binh has also increased.
It is noted that the State Bank of Vietnam has issued a circular on ensuring the safety of banking activities during the Tet holiday.
Accordingly, its branch in Hoa Binh has directed local credit institutions to effectively organise the regulation, circulation, and supply of cash, ensure security and safety of cash reserves, and step up crime prevention efforts.
A leader of the branch said it has ensured timely and sufficient cash supply in various denominations to meet the needs of credit institutions for payment, salary disbursement, and goods trading during the Tet holiday and of locals for daily expenditures.
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.
