(HBO) - According to a report of the Provincial Bank for Social Policies, in the first 2 months of the year, the branch has made loans to 10 programs of the policy credit, the lending sales reached 216.6 billion VND, more than 5.6 thousands of the poor households and those who are under the preferential policies have been eligible for loans.
In the first two months of the
year, the policy capital was promptly transmitted to the poor households and
those who are under the preferential policies. Photo: the credit officer of
VBSP in Mai Chau district are dealing with customers.
The credit programs with high
loan turnover such as: the poor households (63.5 billion VND), the near-poor
households (more than 39 billion VND), the job creation (more than 31.6 billion
VND), the production households, the business households in the difficult areas
(more than 30 billion dongs), clean water and rural sanitation (more than 29
billion dongs). Up to now, the total credit debt in the province has reached
more than 3,673 billion VND, having 119,868 customers in debt.
In the context that Covid-19
pandemics continues to develop complicatedly, affecting all aspects of the
social life, the policy capital has contributed to ensuring the social
security. In the first 2 months of the year, through the policy capital, 872
workers were created jobs, 16 workers received loans to work abroad, over 3,000
projects of the rural clean water and sanitation were 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.
