Banks in Hoa Binh province have proactively grasped local people and businesses' demand for cash to ensure sufficient supply in various denominations during the Lunar New Year (Tet) holiday.
Employees at VPBank Song Da guide customers to use self-service options, ensuring smooth transactions for customers as Tet approaches.
Since the beginning of January, there has been a significant surge in demand for small currency exchange for payment, consumption, and Tet lucky money, among others at the local Agribank branch, compared to normal days. In addition to securing cash reserves, the branch has developed plans and proposed full cash supply to meet the needs of individuals and businesses.
In recent times, commercial banks in the province have encouraged customers to use electronic banking services in line with the government's directive on cashless transactions. However, as Tet nears, the demand for small currency exchange from the public remains high.
Tran Thi Huong Giang, Director of VPBank Song Da, said that based on customers’ needs, the branch has proactively implemented measures to regulate cash supply and allocate human resources to ensure smooth and convenient transactions.
At this time, the demand for cash exchange, especially for small denominations, at VietinBank Hoa Binh has also increased.
It is noted that the State Bank of Vietnam has issued a circular on ensuring the safety of banking activities during the Tet holiday.
Accordingly, its branch in Hoa Binh has directed local credit institutions to effectively organise the regulation, circulation, and supply of cash, ensure security and safety of cash reserves, and step up crime prevention efforts.
A leader of the branch said it has ensured timely and sufficient cash supply in various denominations to meet the needs of credit institutions for payment, salary disbursement, and goods trading during the Tet holiday and of locals for daily expenditures.
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.
