(HBO) - After five years of implementing Directive 40 issued on November 22, 2014 by the 11th Party Secretariat on the strengthening of Party leadership over social policy credit, the amount of local trusted capital in Hoa Binh has reached over 47.7 billion VND, 41.4 billion VND higher or 691 percent rise compared to that in December 31, 2014. The amount accounts for 1.4 percent of the total capital of the Vietnam Bank for Social Policies in the province.
Of the total, 19 billion VND was sourced from the provincial
budget, up 220 percent compared to that in 2014, while over 28 billion VND was
transferred from the district and city’s budget, a rise of 100 percent over
2014.
So far, 100 percent of the People’s Committees of districts
and city have transferred resources from the budget to the Vietnam Bank for
Social Policies in the province. Localities with high transferred amount
included Hoa Binh City, Kim Boi, Lac Son, Tan Lac and Luong Son districts.
Meanwhile, communal Women Unions also transferred 100
million VND to the bank./.
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.
