(HBO) – Da Bac district has carried out 14 preferential credit programmes with total outstanding loans of more than 350 billion VND (15 million USD). As many as 9,634 clients were provided with the loans.
The
quality of credit has been improved, and overdue loans account for only 0.06 percent
of the total outstanding loans.
Since the outset of the year, over 80 billion VND worth of loans was provided
for 2,174 customers, according to the transaction office of the Vietnam Bank
for Social Policies’ chapter in Da Bac district. The office has recovered over
50 billion VND in debt, and cleared bad debts worth 60 million VND.
The district is now having 243 savings and lending groups with 9,532 members. Each
commune has an average of 12 groups and 40 members.
In the past years, the Vietnam Bank for Social Policies have accompanied local
farmers, helping them enhance incomes and improve livelihoods. The preferential
loans have made significant contributions to carrying out the national target
on sustainable poverty alleviation and ensuring social welfare in the
district./.
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.
