(HBO) - Complicated developments of the COVID-19 pandemic have posed challenges for many enterprises and many workers have lost their jobs. Therefore, the issuance of Resolution No. 68/NQ-CP, dated July 1, 2021, of the Government and Decision No. 23/2021/QD-TTg, dated July 7, 2021 of the Prime Minister are considered as a "life vest" to help businesses and employees overcome a difficult period.
Staff of the Vietnam Bank for Social Policies’ branch in
Hoa Binh province visit businesses to grasp their needs and provide guidance on
how to conduct procedures for accessing loans.
According
to the Vietnam Bank for Social Policies' branch in Hoa Binh province, three
enterprises have loans disbursed to pay the salary for employees who had to
stop working in line with the Government's Resolution 68 and Decision 23 of the
Prime Minister.
Due to the impacts of the pandemic,Corporation IBB joint Stock Company,
which produces and distributes soft drinks and beer, has to suspend production
and business activities.
Nguyen Ngoc Quan, deputy director of the company, said although it temporarily
suspended operations, the company still has to pay salaries and social
insurance contributions for a number of key employees. Thus, it has faced many
difficulties in the past time.
Upon being informed and guided by the Vietnam Bank for Social Policies, the
company has applied for a loan. Thanks to its timely disbursement, the company
was able to overcome difficulties.
"Through the Vietnam Bank for Social Policies’ branch in Hoa Binh
province, we were able to quickly access the loan package under Resolution 68.
This is like a "life vest" for businesses in difficult times,"
Quan said.
Not only businesses have difficulties, but the non-public education system has
also born the brunt of the COVID-19 pandemic over the past two years.
Da
Hop kindergarten and primary school under Da Hop Education System joint Stock
Company is an example.
The
school has had to stop operations twice since the beginning of this year. It
means that there was no revenue so the school has a lot of difficulties in
paying teachers' salaries. The company received support from the branch’s
credit officer with the completion of the procedures and documents to access
capital quickly. Accordingly, more than 470 million VND was disbursed to help
the company pay salaries for over 140 workers.
Dang Duc Hanh, deputy director of the Vietnam Bank for Social Policies' branch
in Hoa Binh province, said there are 3,015 enterprises in the province, with
over 72,000 employees. Of which, nine enterprises have stopped operation, 75
enterprises have workers that have to stopped working, and 12 enterprises
engaged in the fields of transport, tourism, accommodation services, sending
Vietnamese workers to work abroad.
Up to now, the branch has received 10 dossiers from businesses wishing to
borrow capital, of which three businesses have loans been disbursed according
to Resolution 68 and Decision 23.
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.
