(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%.
After more than four years of implementing a project launched by the Hoa Binh Party Committee’s Standing Board on developing agriculture and promoting product consumption linked with building new-style rural areas for the 2021-2025 period, the province’s industry and trade sector has made significant strides, greatly contributing to local socio-economic development.
Luong Son district has identified 2025 as the year for the accelerated breakthrough to successfully implement the socio-economic development plan for the 5-year period from 2021 to 2025. The district has been focusing on executing the plans and trying to achieve a GRDP growth rate of approximately 15%.
Since the beginning of this year, under the direction of the Department of Agriculture and Environment, the Sub-Department of Agricultural, Forestry, and Fishery Product Quality Management has strengthened the integration of the professional activities to promote and guide the organizations and individuals in the production and trading of agricultural, forestry, and fishery products to comply with the legal regulations regarding the use of chemicals, pesticides and veterinary medicines in crop cultivation, livestock farming and aquaculture. They also provide guidance to processing and manufacturing establishments on keeping the records to trace the product origins and using food additives from the approved list according to the regulations.
Hoa Binh province saw a significant rise in state budget revenue in the first two months of 2025, heard a meeting chaired by Vice Chairman of the provincial People’s Committee Quach Tat Liem.
Ha Thi Ha Chi, a 26-year-old graduate in law, has taken an unconventional path by returning to her hometown in Mai Chau district to establish the Tong Dau Cooperative, creating stable jobs for local women and bringing Thai ethnic brocade weaving to the global market.
As the Lunar New Year 2025 approached, pork prices surged, creating a profitable season for farmers in Tan Vinh commune, Luong Son district. Taking advantage of the rising demand, Can Minh Son, a farmer from Coi hamlet, sold over 30 pigs at 69,000 VND/kg, each weighing more than 100 kg. After deducting expenses, his family earned a profit of over 50 million VND.