Following the targets set in the resolution of the district People's Council, the People's Committee of Lac Thuy district has directed the steering board for preventing state budget loss as well as agencies, and commune and town administrations to roll out measures to increase revenue and prevent budget loss since the beginning of this year. The district has proactively arranged funds for regular expenditures, prioritising important tasks and resources for social security policies.
During the January –
September period, its collection for the State budget was estimated at 145.7
billion VND (nearly 5.9 million USD), accounting for 90.94% of the estimate of
the provincial People's Committee and 63.3% of the target set in the resolution
of the district People's Council. The total budget revenue of the district was
estimated at 524.9 billion VND, or 90.29% of the estimate of the provincial
People's Committee and 81.33% of the target set in the resolution of the
district People's Council. Its total budget expenditure in the first nine
months reached 515.8 billion VND, representing 88.73% and 79.93%, respectively.
In the last quarter of this
year, the district will step up coordination between tax and finance agencies
and People's Committees of communes and towns in the management of state budget
collection. Communication work on tax policies and laws will be enhanced along
with inspecting tax declarations of organisations and individuals in line with
the provisions of tax regulations.
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.
