(HBO) - The Hoa Binh branch of the State Bank of Vietnam (SBV) has held a working session with commercial banks, the business association and some enterprises in the province to update on the situation of business and production as well as to discuss measures to remove difficulties and support customers affected by the COVID-19 epidemic.
Leaders of
the provincial SBV branch and local banks consider measures to support
enterprises and customers affected by COVID-19.
According to leaders of the provincial SBV branch,
the branch has quickly implemented guidance documents of the SBV and the
provincial People’s Committee on measures to prevent and control the epidemic,
along with those to address difficulties to help local customers amid the
complicated developments of the COVID-19. The branch also issued documents
instructing local credit organisations in the province to adopt solutions to
assist customers in accordance with the SBV’s Circular 01/2020/TT-NHNN and
related documents, thus helping them cut losses and stabilise production and
business activities.
However, there are a large number of local
enterprises and individual borrowers affected by the COVID-19 epidemic,
reaching 640 as of April 22, with total loan value reaching 1,092 billion VND
(46.58 million USD). Among them, there are 572 individual and household
customers, 66 enterprises and two cooperatives.
The provincial SBV branch said it will instruct
banks to continue review their customers and coordinate with customers to seek
suitable support measures, on the first and foremost condition of ensuring
giving support to the right subject and affected sectors in accordance with
instructions of the SBV and the provincial People’s Committee. At the same
time, banks should not cause difficulties for customers eligible for support.
In the time ahead, the branch will inspect banks and credit institutions’ implementation
of support measures for enterprises and borrowers affected by the COVID-19./.
Hoa Binh province’s economy posted an impressive Gross Regional Domestic Product (GRDP) growth rate of 12.67% in the first quarter of 2025, representing a 12.76% year-on-year increase, the highest rate recorded since the beginning of the current tenure, according to the provincial Statistics Office. This robust growth reflects years of strategic groundwork and sets a strong foundation for the province’s annual growth target of over 10%.
With a focus on cash crop farming with science - technology application and brand building, Lac Thuy district is gradually increasing production value, improving people's life quality, and laying the foundation for sustainable socio-economic development.
In recent years, the economic development model "Hoa Binh Earthworm Farm” run by Mr. Bui Van Dang in Co Giua Hamlet, My Thanh Commune (Lac Son district) has not only brought stable economic value but it is also environmentally friendly, helping to protect and reduce pollution, contributing to the construction of a green and sustainable agriculture.
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.
