(HBO)- With the goal of supporting the poor and the policy beneficiaries to develop economy and ensure the social security, the preference capital of the Government through Social Policy Bank has played an important role and has always accompanied with people in Yen Nghiep commune (Lac Son) in recent years.

People in Yen Nghiep commune (Lac Son) invest
in growing purple sugarcanes for an average income of 150 million VND a
hectare.
In order for people to have access to capital
from the Social Policy Bank, the commune has built 17 savings and loans teams.
In particular, the Women's Union manages 5 teams, the Farmer Association
manages 5 teams, the Veterans Association manages 2 teams and the Youth Union
manages 5 teams. The savings and loans teams all have the balances of savings
accounts of over 430 million VND. In addition, the commune has implemented 7
policy credit programs with the total debt of 14,623 million VND, without
overdue debts. The good management and promotion of the effectiveness of policy
capital has created a safe, effective and reliable capital channel, credit and
policy management. Through the entrusted activities of the Social Policy Bank,
the social organizations in the commune have paid more attention to the
members. The content of the Association's meetings is richer, integrating to
implement other political tasks. In the group meetings, beside the information
on new policies and guidelines of the bank, the members also share production
experience, creating high community and confidence for members in the teams.
The chairman of Yen Nghiep People's Committee
Bui Van Chuong says that it can be affirmed that the State's preference capital
source has helped people to have conditions to develop production, get rid of
poverty and improve the quality of life. The households have access to
preference credit programs for the poor households and the policy beneficiaries
use them for the right purposes, promoting their effectiveness. This is one of
the helpful credit channels supporting the commune to reduce the poverty,
creating opportunities for people to promote and exploit the potentials and
advantages for economic development. By the end of 2018, the commune's per
capita income reached 32 million VND a year, the rate of poor households was over
11%.
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.
Amid efforts to streamline the administrative apparatus, Hoa Binh province has intensified measures to address challenges in land clearance, resettlement support, and infrastructure investment, aiming to speed up the progress of key projects.
Hoa Binh province has posted an unprecedented economic growth rate of 12.76% in the first quarter of 2025, marking its highest quarterly performance to date and positioning it as the second fastest-growing locality in the country, trailing only Bac Giang province.
Under current regulations, products in the One Commune – One Product (OCOP) programme that are rated three stars or higher must undergo re-evaluation every three months. However, in reality, some of these products fail to consistently meet the required standards, raising concerns about the sustainability of their OCOP certification. This underscores the urgent need for producers to enhance product quality and gradually develop their OCOP products into strong, marketable brands.