(HBO) – The Hoa Binh provincial People’s Committee on May 19 held a teleconference of the steering board for improving the local investment and business climate and the Provincial Competitiveness Index (PCI).
Bui Van Khanh, Vice Secretary of the provincial Party
Committee and Chairman of the provincial People’s Committee, addresses the
meeting.
In 2020, the provincial People’s Committee
issued Decision No 97/QD-UBND on a plan to continue carrying out the main tasks
and solutions to improve the business climate and the PCI of Hoa Binh. It also
issued Dispatch No 722/UBND-NC on May 6 last year on the implementation of
activities to raise the province’s ranking in terms of regulatory compliance
costs. A number of working sessions and dialogues were held to tackle
difficulties facing enterprises and investors. Authorities also did a good job
of assisting businesses affected by the COVID-19 pandemic.
Those efforts have helped improve Hoa Binh’s
position in the PCI rankings by four places, from the 48th in 2019 to the 44th
out of the 63 provincial-level localities, meeting the target set in the
resolution of the 17th provincial Party Congress for the 2020 - 2025 tenure.
To better the province’s score and position in
the PCI rankings as in line with the 17th provincial Party Congress’s
resolution, many officials held that departments, sectors, and localities need
to raise the sense of responsibility towards duties and the working capacity of
personnel in charge of investment attraction, increase vocational training for
labourers, and step up the reform of administrative procedures, especially
shortening the time needed to grant investment licences.
Addressing the event, Chairman of the provincial
People’s Committee Bui Van Khanh appreciated efforts by departments, sectors,
localities, and the local business association in 2020 in helping Hoa Binh go
up in the PCI rankings.
As it is not easy to further improve the
province’s score and ranking, it is necessary for the entire political system
to make stronger efforts, he noted, asking for administrative reforms to be
accelerated and online public services at Level 3 and 4 to be boosted./.
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.
Hoa Binh province has mobilised all resources to propel local agricultural products to make inroads into foreign markets, towards lifting the export turnover of key agricultural products to 137.8 million USD by 2030, accounting for 3.4% of the locality’s total export value of goods.
The locality aims to export farm produce to the US, the European Union, the UK, China, Japan, and the Republic of Korea.
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