According to the provincial branch of the Vietnam Bank for Social Policies (VBSP), in January 2025, the entire branch disbursed loans under 11 key policy credit programs. The loan disbursement amounted to 204.1 billion VND, benefiting 3,369 poor households and other policy beneficiaries. Among this, over 16 billion VND was disbursed to the poor households, more than 17 billion VND to near-poor households, and over 14.6 billion VND to households that have recently escaped poverty. The program with the highest disbursement was the employment solution program, with nearly 29 billion VND loaned to 1,271 customers.
Since the beginning of the year, more than 3,300 poor households and other policy beneficiaries in the province have accessed preferential loans. The photo was taken in Tu Ne commune (Tan Lac).
By the end of January 2025, the total outstanding balance of policy credit in the province reached 5,415.5 billion VND, with 130,787 customers still having outstanding loans. Since the beginning of the year, through policy credit loans, 1,212 employees have been provided with employment, 655 clean water projects, and 552 household-scale sanitation projects have been built. These efforts have played a significant role in ensuring the social security in the province.
No success is easy, especially for a mountainous province like Hoa Binh, which still faces many difficulties. In the process of economic restructuring, the locality encounters various challenges, ranging from weak infrastructure, ineffective investment attraction, to barriers in awareness. However, it has taken effective solutions to overcome obstacles hindering economic development.
A revolution is unfolding in Hoa Binh province, with broad roads stretching across the terrain, industrial zones humming with machinery, organic vegetable fields rolling out in vibrant green expanses, and tourism destinations emerging, rich with cultural identity.
The Youth Union of Hoa Binh city has launched a series of initiatives to foster entrepreneurship, providing members with opportunities to showcase their potential and contribute to local development.
In recent years, the cooperative economy in Hoa Binh province has made significant progress, particularly in the agricultural sector. This development has contributed not only to local economic growth but also to improving livelihoods, promoting rural development, and protecting the environment.
