(HBO) - According to a report by the transaction office of Lac Son District’s Bank for Social Policies, in the first two months of this year, the sales of policy credit loans in the district reached over 23 billion VND, there were 678 households receiving loans. Up to now, the total credit debt in the district has reached over 470 billion VND, having 18.7 thousand of the customers in debt.
Among the credit programs,
lending to poor households has the highest debt (136 billion VND, having 4,890
customers in debt), followed by lending to near-poor households (131 billion
VND, 4,715 customers in debt), lending production households and the business
ones in the difficult areas (66 billion VND), the households who have just got
out of poverty (nearly 39 billion VND).
Being a district with many
difficulties, the poverty rate is still high, so the policy capital has played
a very important role in the process of hunger eradication and poverty
reduction in Lac Son district in recent years. In the first 2 months of the
year, the District’s Bank for Social Policies has actively implemented the
programs of the policy credit, timely transferring capital to the borrowers.
Accordingly, in the district, 111 workers were created jobs, 129 clean water
and sanitation works were built thanks to policy capital.
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.
