(HBO) – As one of the four local organisations entrusted by the Vietnam Bank for Social Policy (VBSP) in the province, the farmers’ association at all levels in the northwestern mountainous province of Hoa Binh has closely followed the province’s socio-economic development targets.
The association has
worked with the VBSP to instruct its chapters to carry out concerted measures to
promptly hand over the Government’s preferential loans to poor households and
policy beneficiaries, thus improving members’ lives and ensuring social
stability.
With
preferential loans from the VBSP, farmers in Yen Thuong commune in Cao Phong
district develop buffalo and cow breeding to stabilise their lives.
As of the end of
September, outstanding debts in
social policy credit programmes for poor households and policy beneficiaries
managed by the farmers’ association stood at 807.78 billion VND (34.77 million USD).
The loans were provided for 27,062 families, with overdue debts hitting
771 million VND. The association accounts for the largest share of loans among
four entrusted organisations.
Therefore, the preferential credit programmes have timely supported poor
and near-poor households and other policy beneficiaries, helping farmers to
overcome difficulties and enrich themselves./.
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.
