(HBO) - According to the Hoa Binh branch of the Bank for Social Policy, as of the end of July, total outstanding loans in social policy credit programmes surpassed 3.1 trillion VND (133.50 million USD), which were allocated to more than 137,830 borrowers.
In the first seven months of this year,
loans under those credit programmes totalled 653.29 billion VND (28.05 million USD),
with 20,410 poor households and social policy beneficiaries receiving loans.
Some credit programmes recorded strong
growth, notably those targeting families near the poverty line or just escaping
poverty, households engaging in production and business in disadvantaged areas,
along with programmes for clean water and rural environmental hygiene.
Credit of social policy programmes has
helped create jobs for 614 workers and 29 disadvantaged students continue their
studies.
In addition, nearly 6,890 clean water and hygiene
works were built or repaired in rural areas, along with 406 new houses for poor
families.
Thousands of households in remote and disadvantaged
areas received loans to start their business, thereby overcoming their difficulties
and raising their livelihoods. The source of credit also contributed to curbing
shark loans and effectively implementing the national target programme on sustainable
poverty reduction and building new-style 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.
