(HBO) - According to the State Bank's provincial branch, the total debit balance of banks and credit organizations in the area reached nearly VND 21,000 billion, rising by 1.2% in comparison with this at the end of 2018. Of which, short-term debit balance was VND 8,467 billion, accounting for 40.4% of total debit balance; medium and long-term debit balance was VND 12,499 billion, accounting for 59.6% of the total.
In
terms of debit balance for credit programs: Agricultural and rural loans were
VND 12,949 billion, accounting for 61.8% of total debit balance; loans ato
support small and medium enterprises reached VND 4,287 billion, accounting for
20.4% of total debit balance; industrial loans supporting was VND 22 billion
and export loans was VND 22 billion. Particularly, outstanding loans to
preferential subjects and social policies reached VND 2,917 billion, accounting
for 13.9% of total debit balance.
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.
