(HBO) - Lac Thuy district has an agricultural land area of more than 5,450 hectares (accounting for 18.6% of the total area of the district) and the forestry land area with forests is over 12,760 hectares (accounting for 43.51%). Lac Thuy is considered as a locality with potentials for land, climate and labor, which are favorable conditions for the district to direct and orient people to invest in developing farm economy.
Up to now, there have been 75 out of 85 farms meeting the criteria for certification, accounting for 81% in the whole district. They include 44 comprehensive farms, 10 cultivating farms, 3 forestry farms, 23 husbandry farms, 5 aquaculture farms. The majority of farms are well-invested with a large scale and high sustainability, contributing positively to job creation and raising income for the people.
Mr. Ngo Dinh Tam, the head of the Agriculture and Rural Development Department of Lac Thuy district, says that since 2006, the People's Committee of the district has proposed a project to develop farm economy, focusing on supporting interest rates for people to borrow investment capital. The district has also built some models of cultivation and husbandry as a basis for replication. Accordingly, the different types of farms have contributed to the local economic development.
Over the past years, the district has been supporting people to build a comprehensive farm economy. This is a kind of stability, ensuring safety and bringing high income for the people. The district has encouraged and created favorable conditions in terms of mechanisms and policies to help people invest in the strong development of industrial husbandry, farm and family husbandry. The concentrated husbandry farms are step by step being formed, creating a large amount of output, significantly contributing to raising awareness about food hygiene and safety, promoting the process of restructuring husbandry, creating jobs and increasing incomes for the people. A lot of farms have earned from hundreds of million to billions of dongs every year.
In the coming time, the Party Committee and the government of Lac Thuy district are attaching great importance to orientation helping the farm owners to see clearly the number one goal is the safe production and the second one is the good implementation of the traceability and the higher is building the products meeting Vietgap standards to gain a foothold in the domestic supermarkets, proceeding to export.
Along with cultivation following good agricultural practices, the 3T Cao Phong Agricultural Cooperative (3T Farm), located in Cao Phong town, Cao Phong district, focuses on researching and applying scientific techniques to produce processed products from fresh oranges. This not only helps diversify products but also promotes sustainable consumption while maximising the value of the fresh oranges grown in Cao Phong.
The Xuan Son Cement Plant project, with a total investment exceeding five trillion VND (more than 196 million USD), is under development on a 40-hectare site in Ngoc Luong commune, Yen Thuy district. As one of 14 key projects in Hoa Binh province, the plant is expected to create a breakthrough in the local economy.
The tax sector of Hoa Binh province has proactively implemented key tasks and solutions since early 2025 to complete the state budget revenue target of 5.8 trillion VND (227.71 million USD) assigned by the Government and the Ministry of Finance; and 6.8 trillion VND set by the provincial Party Committee, People's Council, and People's Committee. Land-related revenue remains a crucial source in the locality’s state budget plan in 2025.
With its vast forest land, Da Bac district has focused on reforestation and developing forest economy over the past few years to improve livelihoods and increase income for local residents.
In 2025, Hoa Binh’s banking sector will focus on providing capital to drive production and business activities. Credit institutions in the province are committed to meeting the loan demands of businesses and individuals, fostering economic growth.
According to the Tan Lac District’s Branch of the Vietnam Bank for Social Policies (VBSP), in January 2025, the bank disbursed nearly 18 billion VND to more than 300 poor households and policy beneficiaries. Notably, the employment solution loan program had the highest disbursement, with over 5.1 billion VND, helping 81 employees access the capital to create jobs and develop their economies.
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