(HBO) - According to the transaction office in Cao Phong district of the bank for social policies, total outstanding loans provided for policy beneficiaries in the locality reached nearly 311.8 billion VND as of the end of June 2021, equivalent to 100 percent of the target set for the year, and up 20.5 billion VND from the figure reported in the end of 2020.
During
the period, growth was seen in a number of credit programmes, including loans
for near-poor households (up 4.6 billion VND), loans for building
water,sanitationandhygiene facilities (up 7.9 billion VND),
loans for business households in difficult areas (up 9.7 billion VND), and
creating jobs (up 1.3 billion VND).
Meanwhile, credit programmes reported decreases
in outstanding loans include those providing housing support for poor
households (down 1.6 billion VND), loans to ethnic minority households (down
1.4 billion VND).
During the period, as many as 2,417 poor
households, near-poor households and other policy beneficiaries in Cao Phong
district accessed socialpolicyloanstotaling 80 billion VND
with each household averagely receiving 33 million VND.
Loans was disbursed swiftly, helping 1,180 poor
and near-poor households, and those in disadvantaged areas further invest in
production and business, and contributing to constructing over 2,100 clean
water and environmental hygiene projects for rural households./.
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.
