(HBO) – Hoa Binh province posted 62.81 points, up 5.65 points from 2021, ranking 53rd among the 63 provinces and centrally-run cities in the Provincial Competitiveness Index (PCI), moving up nine places from 2021, showing the province’s great efforts in economic management, according to the PCI 2022 report.
Public servants process administrative
procedures for businesses, locals.
The annual PCI 2022 report was released by the Vietnam Chamber of Commerce and
Industry (VCCI). It was compiled basing on feedback from 11,872 businesses,
including 10,590 private firms and 1,282 foreign invested enterprises operating
in Vietnam.
Specifically, among the nine component indexes, the province earned 6.49 points
in entry costs; 6.62 points in land access; 4.80 points in transparency and
access to information; 6.83 points in time costs; 6.57 points in informal
charges; 6.01 points in policy bias; 6.97 points in proactivity of provincial leadership;
5.73 points in business support services; 5.58 points in labour and training;
and 6.91 points in legal institutions.
Of the total, upturn was seen in the scores of seven indexes compared to 2021
thanks to the province’s efforts in improving the local business environment
and creating favourable conditions for production and business facilities to
operate.
However, Hoa Binh saw decreases in two important indexes of transparency and
access to information and business support services. According to experts,
transparency and access to information is an important index, a measure of how
much time firms waste on bureaucratic compliance, as well as how often and for
how long firms must shut their operations down for inspections by local
regulatory agencies. Although the drop was slight, it reflects the local
business community’s low evaluation of the province’s performance.
Overall, Hoa Binh’s PCI results have shown the province’s progress in the
quality of administrative services and favourable land access. However, experts
held that in order to attract more investors, the province should work harder
to improve its policies to support local firms and creating a smooth, safe and
effective business environment.
According to the VCCI, 2023 will be a year with numerous challenges for the
domestic business community amid decline of demand in export markets, rising
costs and difficulties in capital access. It underlined the need to speed up
the improvement of the investment and business environment, along with faster
administrative reform and more favourable conditions for businesses to access
to information and reduced informal costs./.
Local people across Hoa Binh province enjoyed the festive spirit of the 2025 Lunar New Year (Tet) with joy, cultural traditions, and heartfelt family gatherings.
During this Lunar New Year (Tet), residents of Vay Nua commune, Da Bac district are joyfully celebrating the arrival of spring with various festive activities. Along the main road of the commune, a newly installed solar-powered streetlight system stands out, completed just before Tet. Funded by Agribank Hoa Binh with a total investment of approximately 80 million VND (over 3,100 USD), the project has already proven beneficial. Not only does it enhance the rural landscape, but it also improves road safety and security, adding to the New Year’s cheer for the people of Vay Nua.
Nestled in Tan Lac district, Van Son commune boasts a breathtaking landscape reminiscent of a serene, poetic painting. Winding roads gracefully embrace the hillsides, enhancing the commune’s natural charm. As spring spreads its vibrant colours, the lives of local people continue to improve day by day.
The trade union of Hoa Binh province’s industrial parks has presented meaningful gifts to workers with difficulties, ensuring that they will have a warm Lunar New Year (Tet) holiday.
According to the Department of Agriculture and Rural Development's report, in 2024, the appropriate authorities regularly propagated and disseminated forest protection management, forest development, and forest fire prevention and fighting.
The Lunar New Year, At Ty, 2025 is approaching. The gardeners in the peach growing area of Toan Son commune (Da Bac) are busy transporting, bringing spring to every home. Throughout the villages, peaches are grown everywhere, gradually becoming an effective economic model to help the people have a warm and full spring with their families.
