(HBO) – More than 2.3 billion VND was added to the fund in support of farmers in Hoa Binh province in the first nine months of this year, completing 66.9 percent of the assigned target.
Of
the amount, 1 billion VND was sourced from the provincial budget, 970 million
VND from district coffers, and over 370 million VND contributed by local
officials and farmers. The fund is now valued at more than 35.6 billion VND.
Farmers in Man
Duc town, Tan Lac district, use capital from the fund in economic development.
The
provincial farmers’ association allocated 7.2 billion VND worth of loans to 245
households. Outstanding bank loans
through the farmers’ association at different levels exceeded 3.45 trillion VND.
The Vietnam Bank for Social Policies offered unsecured loans worth over 848
billion VND while that given by the Vietnam Bank for Agriculture and Rural
Development was over 2.55 trillion VND, and LienVietPostBank, 50 billion VND.
In
addition, to support member farmers in production, farmers’ associations at all
levels have committed to providing them with 2,000 tonnes of fertilizer, 20
litres of Sumagrow organic fertiliser, 459 tonnes of animal feed, 61 tonnes of
corn and rice varieties, and three farming machines.
Under
the signed contract, the associations also helped its members in Cao Phong
district with 320 orange and longan trees, among others./.
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.
