(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./.
Speaking at a meeting with businesses, investors, and cooperatives on the occasion of the lunar new year, Chairman of the provincial People's Committee Bui Van Khanh affirmed that with the motto of the administration accompanying businesses, Hoa Binh always determines that the success of businesses is also that of the province; and their difficulties and problems are the responsibility of the Party Committees and authorities at all levels. That motto has created a landmark in the development process of the province as well as the local business community.
The Government Office has just issued Notice No. 179/TB-VPCP, dated April 23, 2024, on the conclusions of Prime Minister Pham Minh Chinh at his meeting with the Standing Board of the Hoa Binh provincial Party Committee on April 13.
Cao Phong district has witnessed signs of economic improvement over the recent past thanks to efforts by local authorities to promote agricultural, industrial, and handicraft development.
On April 26th, the Steering Committee for completing the standards to establish Luong Son town of the province held a conference to evaluate the progress of implementing the standards to establish Luong Son town. Mr. Nguyen Van Toan, the Vice Chairman of the Provincial People's Committee, the Head of the Steering Committee chaired the conference.
On the occasion of the 70th anniversary of the Dien Bien Phu Victory (May 7, 1954 - 2024), Nguyen Phi Long, alternate member of the Party Central Committee and Secretary of the Hoa Binh provincial Party Committee, and other officials of the province and Lac Son district on April 25 visited and presented gifts to local soldiers and pioneering youths who directly engaged in the Dien Bien Phu Campaign.
A delegation from the Fund for Natural Disaster Prevention and Control and the Hero of the People’s Armed Forces Phan Trong Binh Social Work Fund on April 22 had a working session with leaders of Hoa Binh province.
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