(HBO) - According to the report of the provincial branch of Bank for Social Policies (VBSP), implementing the credit program on the socio-economic recovery and development according to Resolution No. 11/NQ-CP, dated on January 30, 2022 of the Government, the whole branch has lent 3,161 loans with an amount of nearly 177.5 billion VND, completing 70% of the plan by the end of July 31, 2022,.
Implementing the loan program
for the economic recovery and development in accordance with Resolution No.
11/NQ-CP of the Government, the provincial branch of VBSP has disbursed over
177 billion VND by the end of July 2022.
In which, the loan program
supporting the job creation, job maintenance and expansion has disbursed 100
billion VND with over 2 thousand loans; the loan program for the social housing
has disbursed over 66.8 billion dongs with 159 loans; over 9.5 billion VND has
been disbursed for the students with difficult circumstances to buy computers;
they have allowed 13 non-public preschools and primary schools affected by
Covid-19 to get loans of over 1 billion VND.
According to the provincial
VBSP, the branch has reviewed the demand for the loan program for the economic
recovery and development, with a new loan demand of 145.9 billion dongs
recently. In which, the program for the social housing loan has the greatest
demand, with 137 billion VND. Currently, the whole branch continues focusing on
implementing the loan programs in accordance with Resolution No. 11/NQ-CP of
the Government to ensure the timely and right beneficiaries.
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.
