(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./.
Dao Village’s honey – a product certified with a 3-star OCOP (One Commune One Product) rating by Thong Nhat Agricultural Cooperative in Dao Village (Hoa Binh City) – is highly regarded by consumers for its quality, richness, and variety in packaging. The distinctively sweet taste of Dao Village’s honey leaves a lasting impression on anyone who has tried it.
In alignment with Project No. 07-DA/TU, issued by the Hoa Binh provincial Party Committee on November 1, 2021, Lac Thuy district has actively promoted investment and supported the sustainable development of its industrial and handicraft sectors during the 2021–2025 period. Alongside this, the district has remained committed to preserving and revitalising traditional craft villages.
Located in the northern part of Lac Thuy district, with a temperate climate and fertile soil, Phu Thanh commune has great potential and advantages in growing tea. The long-standing experience, combined with strict adherence to organic farming practices in the tea gardens, ensures that the dried tea products from Phu Thanh and Lac Thuy as a whole are sold out immediately upon production, providing a stable and prosperous life for the local people.
Amid efforts to streamline the administrative apparatus, Hoa Binh province has intensified measures to address challenges in land clearance, resettlement support, and infrastructure investment, aiming to speed up the progress of key projects.
Hoa Binh province has posted an unprecedented economic growth rate of 12.76% in the first quarter of 2025, marking its highest quarterly performance to date and positioning it as the second fastest-growing locality in the country, trailing only Bac Giang province.
Under current regulations, products in the One Commune – One Product (OCOP) programme that are rated three stars or higher must undergo re-evaluation every three months. However, in reality, some of these products fail to consistently meet the required standards, raising concerns about the sustainability of their OCOP certification. This underscores the urgent need for producers to enhance product quality and gradually develop their OCOP products into strong, marketable brands.
