(HBO) - The branch of the Bank for Social Policy in Mai Chau district reported that in the first eight months of 2021, it provided loans worth over 107 billion VND to 3,082 customers in the district. Since the beginning of the year, loans under social policies have been promptly provided to poor households and other eligible customers in 16 communes and towns in the district. Communes with high lending turnover are Tan Thanh (14.8 billion VND), Son Thuy (nearly 12 billion VND), Bao La (11.5 billion VND).
In the first eight months of the year, credit for clean water and environmental sanitation recorded high growth in Mai Chau district. Photo taken in Tong hamlet, Tong Dau commune.
In the period, the bank's Mai Chau branch implemented 9 credit programmes, focusing on those with high demands from locals such as loans for families in difficult areas to start business or production (40.7 billion VND), families under the poverty line (16.6 billion VND), families just above the poverty line (18.9 billion VND), clean water and environmental sanitation (17.4 billion VND). Up to now, the total outstanding loans in the district have reached 312.3 billion VND with 9,866 customers. Through social policy credit programmes, 290 labourers have found jobs and over 18,000 clean water and sanitation projects have been built./.
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.
