(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./.
On May 15, the Hoa Binh Steering Committee for Science, Technology, Innovation, and Digital Transformation launched the "Digital Literacy for All” movement. The event was held both in-person and virtually, connecting provincial authorities with district-level Party committees and local communities across communes, wards, and townships.
The People’s Committee of Hoa Binh province on May 16 held a conference to honour outstanding intellectuals for their contributions in 2025.
The Standing Board of the Hoa Binh provincial Party Committee has held a conference to announce the provincial Party Committee’s decision about the merger of Hoa Binh Newspaper and the provincial Radio and Television Station, along with the Standing Board’s appointment decisions.
After the historic victory on April 30, 1975, which liberated the South and reunified the country, the whole Vietnam embarked on a new mission — promoting peace and reconstructing the nation with century-defining projects. On the fierce Da River, over 30,000 engineers, sappers, and construction workers battled against rocky mountains and raging floods to achieve a remarkable feat. The Hoa Binh Hydropower Plant, the largest of its kind in Southeast Asia at that time, officially began generating electricity, lighting up the North and ushering in a new era of industrialisation.
Muong Dong in Kim Boi district, one of the four major Muong regions in Hoa Binh province, is harnessing its revolutionary legacy and cultural heritage to drive socio-economic transformation.
Throughout April, the joyful atmosphere of the 50th anniversary of the Liberation of the South and National Reunification spread nationwide. Together with the whole country, residents in Hoa Binh city also expressed their patriotism through meaningful and practical actions.
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