(HBO) – The provincial Business Association held a conference on October 26 to discuss ways improving local business environment and competitiveness index.
Secretary
of the provincial Party Committee and Honorary Chairman of the provincial
Business Association Ngo Van Tuan addresses the conference.
In the past nine months, the province drew 35
projects, including two foreign-invested ones with a total registered capital
of over 16.8 trillion VND. As of the late September, there were 589 projects,
including 41 foreign-invested ones, worth more than 99.3 trillion VND. As many
as 275 projects have been put into operation, or 46.7 percent of the total.
In order to improve business environment, the
provincial Party Committee and People's Committee issued a number of documents
directing administrative reform, held meetings and dialogues to clear
difficulties faced by businesses and reform apparatus. However, problems remain
such as excessive, overlapping and sub-standard planning which hampers
investment and development. Administrative procedures regarding land is
considered the leading trouble for firms. Many enterprises find it hard to
access budget documents, land use planning and public investment plan. Access
to information relies on relationship while firms also face burden related to
inspection.
Speaking at the event, President of the Vietnam
Chamber of Commerce and Industry Vu Tien Loc lauded Hoa Binh for its improved
provincial competitiveness index (PCI) last year. He said there remains room
for the province to improve business climate and competitiveness, becoming a
new destination for investment attraction. In the near future, he suggested
enhancing communications to introduce its potential and advantages, especially
in tourism, high-tech agriculture, industry, particularly support industry to
serve the capital and northern key economic zone. He also called for
facilitating firms’ access to transparent information, tackling difficulties
regarding land, taxation and insurance procedures while improving working
efficiency of the local public administration service centre and the role of
business association.
Secretary Tuan said in the near future, the
provincial Party Committee and People’s Committee will drastically direct
planning, improve the working efficiency of one-stop shop mechanism, remove
bottlenecks in land and inspection procedures. Departments, agencies, districts
and city need to assign specific tasks to officers and step up digital transformation
among firms. The business association must raise its sense of responsibility
for assessing PCI and reporting difficulties to provincial leaders./.
Prime Minister Pham Minh Chinh attended a groundbreaking ceremony for an electronic printed circuit board (PCB) factory at Da River Left Bank Industrial Park in Hoa Binh province on April 13. The electronic PCB factory is invested by Japan's Meiko Group at a total cost of 200 million USD.
In the first quarter of 2024, the credit institutions in the province have actively deployed the legal documents of the State and the State Bank relating to currency, credit and interest rates. At the same time, they have promoted the capital mobilization, focusing on the solutions to expand the credit investment along with strengthening the credit quality management, lending to priority programs to promptly meet the capital needs for export - business and consumer demand during Tet in 2024.
Outside the key economic region of Hoa Binh, yet Lac Son district has utilised its potential and strengths regarding labour, land, and transportation connectivity to attract investment to the locality, contributing to promoting socio-economic development.
In a move to expedite the execution and disbursement of the 2024 capital plan for ODA projects, aiming for a disbursement rate of over 90% of the allocated funding, the Hoa Binh People's Committee issued Document No. 483/UBND-KTN on April 3, 2024, regarding such efforts.
Nguyen Van Thap from Kim Duc hamlet, Vinh Tien commune, Kim Boi district, has built the brand of Hoa Qua Son for local fruits. His efforts have brought about income for his family and generated job opportunities for locals, helping hundreds of households escape from poverty.
The Hoa Binh administration was entrusted by the Prime Minister with a budget of 3.43 trillion VND (142.91 million USD) for investment in 2024. The provincial People's Council approved nearly 3.76 trillion VND, which has been meticulously allocated to projects, achieving 100% of the assigned capital plan.