According to the Department of Statistics of Hoa Binh Province, in January 2025, industrial production in the province changed positively. The province's industrial production index increased by 4.44% compared to December 2024, up 2.82% over the same period last year. Notably, the electricity production and distribution industry grew strongly, ensuring the demand for electricity during Tet.
Specifically, in January, Hoa Binh Province's electricity production output was estimated at 485 million kWh, up 54.76% over the previous month; the mining industry increased by 35.1% over the same period last year. The processing and manufacturing industry decreased by 6.3%, and the water supply industry increased by 4.58% over the same period last year.
In 2025, Hoa Binh province will continue to promote industrial restructuring, focusing on supporting industries. It will focus on restructuring linkage chains to serve industrial production. It will promote attracting investment projects in industrial parks and clusters. It will also strengthen industrial promotion, focusing on training and developing traditional handicrafts associated with tourist destinations and export production.
In 2025, Hoa Binh’s banking sector will focus on providing capital to drive production and business activities. Credit institutions in the province are committed to meeting the loan demands of businesses and individuals, fostering economic growth.
According to the Tan Lac District’s Branch of the Vietnam Bank for Social Policies (VBSP), in January 2025, the bank disbursed nearly 18 billion VND to more than 300 poor households and policy beneficiaries. Notably, the employment solution loan program had the highest disbursement, with over 5.1 billion VND, helping 81 employees access the capital to create jobs and develop their economies.
According to the provincial branch of the Vietnam Bank for Social Policies (VBSP), in January 2025, the entire branch disbursed loans under 11 key policy credit programs. The loan disbursement amounted to 204.1 billion VND, benefiting 3,369 poor households and other policy beneficiaries. Among this, over 16 billion VND was disbursed to the poor households, more than 17 billion VND to near-poor households, and over 14.6 billion VND to households that have recently escaped poverty. The program with the highest disbursement was the employment solution program, with nearly 29 billion VND loaned to 1,271 customers.
Hoa Binh province is home to 11 recognised traditional craft villages which have played a crucial role in increasing income, improving living conditions, and driving economic growth in rural areas.
Over the years, Kim Boi district's social security sector has continuously innovated and adopted digital technology to improve its services. Marking its 30th anniversary (1995-2025), the sector has made significant strides in strengthening the social security system.
The year 2025 holds significant importance as a time for acceleration, breakthroughs, and completion of 2021-2025 socio-economic development targets to enter a new era of growth. Building on the socio-economic successes of 2024, Hoa Binh has seen a good start for 2025 with key projects kicked off, State budget revenues surging, retail sales and service revenues rising, investment attraction increasing, and the well-being of local people prioritised.
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