(HBO) – The State Bank of Vietnam (SBV)’s branch in Hoa Binh province (SBV Hoa Binh) has proactively implemented measures to remove difficulties facing its individual and corporate clients who are affected by the COVID-19 pandemic.
Customers
have body temperature checked at the transaction office of the Bank for
Investment and Development of Vietnam (BIDV) in Tran Hung Dao street (Hoa Binh
city)
According to reports from credit institutions operating in the locality, as of
March 15, as many as 166 borrowers in Hoa Binh were impacted by the COVID-19 outbreak,
with a total debt of over 552 billion VND. Of which, short-term outstanding
loans, medium and long-term outstanding loans, and overdue accumulated interest
valued at over 190.5 billion VND, nearly 362 billion VND and over 4.76 billion
VND, respectively.
Under the direction by the central bank’s provincial branch, credit
institutions have taken many measures to support their clients, including cutting
interest rates, providing new loans to clients and rescheduling debt repayment to
suit the actual condition and ability of each borrower.
Accordingly, a total interest of 26.52 million VND for combined loans of 9.38 billion
VND will be reduced for four borrowers. Meanwhile, six new borrowers will be
given new loans worth 34.4 billion VND, and three others will be allowed to postpone repayment of their existing loans totaling3.3 billion VND.
Vice Director of SBV Hoa Binh Ngo Quang Loi said the entire banking system in
the locality needs to coordinate with the local authorities to implement the
work well, thus helping enterprises and individuals overcome difficulties,
and contributing to promoting economic
growth and controlling inflation.
According to Loi,
credit institutions should actively monitor business and production of
enterprises operating in the province, timely make reports on impacts caused by
the Covid-19 outbreak on borrowers, and implement measures to support and
remove difficulties facing those affected by the pandemic, such as rescheduling
repayment, lowering interest rates and fees, and keeping debt groups unchanged
in line with the sector’s regulations.
He stressed the
necessary for credit institutions to work with communication agencies to
popularize support measures of the banking sector, and actively coordinate with
the local authorities, and relevant departments and sectors to swiftly give
support to those impacted by the pandemic.
Attention should be also paid to addressing issues arising in implementing
solutions to support enterprises and people, and preventing the abuse of the disease
to avoid the repayment for credits that are not subject to assistance, he
added./.
According to data from the Hoa Binh Provincial Party Committee, the industrial production index for the first six months of 2025 is estimated to have increased by 20% compared to the same period last year. This marks the highest year-on-year growth rate for this period since 2020.
In the first six months of 2025, Hoa Binh province’s export turnover was estimated at 1.145 billion USD, marking an 18.11% increase compared to the same period in 2024. Import turnover was estimated at $ 804 million, a 17.15% increase, which helped the province maintain a positive trade balance.
The lives of the ethnic minority farmers in Tan Lac district have gradually improved thanks to the new directions in agricultural production. This is a testament to the collective strength fostered through the professional associations and groups implemented by various levels of the district’s Farmers’ Union.
With the motto the "product quality comes first,” after nearly one year of establishment and operation, Muong village’s Clean Food Agricultural and Commercial Cooperative, located in Cau Hamlet, Hung Son Commune (Kim Boi district), has launched reputable, high-quality agricultural products to the market that are well-received by consumers. The products such as Muong village’s pork sausage, salt-cured chicken, and salt-cured pork hocks have gradually carved out a place in the market and they are on the path to obtaining the OCOP certification.
In the past, the phrase "bumper harvest, rock-bottom prices" was a familiar refrain for Vietnamese farmers engaged in fragmented, small-scale agriculture. But today, a new spirit is emerging across rural areas of Hoa Binh province - one of collaboration, organisation, and collective economic models that provide a stable foundation for production.
Maintaining growing area codes and packing facility codes in accordance with regulations is a mandatory requirement for agricultural products to be eligible for export. Recently, the Department of Agriculture and Environment of Hoa Binh province has intensified technical supervision of designated farming areas and packing facilities to safeguard the "green passport" that enables its products to access international markets.
