(HBO) – Bui Van Cuong in Hop Phong commune has invested in growing orange and opened a store on farm tools, Dinh Van Linh in Binh Thanh commune started raising fish in cages in the reservoir, and Tran Thi Mai tried her hand on handicrafts.
They are all outstanding people of startup and entrepreneurship
spirit of the Ho Chi Minh Communist Youth Union (HCYU) chapter in Cao Phong
district.
Bui Van Cuong of Hop
Phong commune (Cao Phong district) (first
from right) elaborates on his family’s economic model to encourage startup
spirit in local youths.
At present, four members of the HCYU in Cao Phong were able
to borrow loans totalling 380 million VND (16,350 USD) from the national fund
on jobs of the HCYU Central Committee. Outstanding loans managed by the
district’s HCYU chapter stood at about 71 billion VND.
Many members have efficiently used the loans to reap
fruitful economic results. They have successfully expanded their businesses not
only to raise income but also venture in new fields. Capital plays a great role
as a leverage to help members stabilise and make breakthroughs.
To encourage the startup spirit among the members, the
district’s HCYU chapter has launched a programme to support the youths to set
up their businesses. The programme prioritises communication works and the
establishment of a startup incubator. It also looks to provide training, counseling
and introducing jobs to young people.
In addition, a campaign titled "Innovative youths” has yielded
positive results. In 2019, the standing committee of the district’s HCYU chapter
arranged a contest on startup ideas at the provincial level. It also joined
hands with the provincial HCYU chapter to hold a seminar on pushing ahead the
"Innovative youths” campaign, which attracted various youngsters.
Through a number of activities, the HCYU chapter of Cao
Phong has fostered startup ideas and lit up members’ innovative spirit./.
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.
