(HBO) - Despite various challenges in 2021, registered investment saw a remarkable increase in projects’ capital. Projects commencing operation are on the rise, while those with delays or failures in implementation have been screened for withdrawal. Business environment in the province shows increasing improvements.


Enterprises in Luong Son industrial park adopted safe adjustments to the "new normal”.Photo taken at Midori Apparel Viet Nam Hoa Binh Company Limited.

The Provincial People’s Committee has issued several documents in directing the improvement of the businessenvironment and boosting competitiveness of the province. Notably, a directive was promulgated to implement the government’s Resolution No.02/NQ-CP 2021 in further improving the business environment and national competitiveness. This directive assigned concrete work to subordinate agencies in order to improve Provincial Competitiveness Index (PCI). The Committee set up a group working on investment projects of critical importance or utilizing extra-budgetary funds, a special group tackling difficulties for enterprises, cooperatives and people affected by the pandemic COVID-19. A commission was established to ensure recovery of industrial production in the light of measures to contain the pandemic.

Improvements in the businessenvironment have brought positive signs of investment attraction in 2021, said Nguyen Van Phuc, Director of the Department of Planning and Investment. 44 new projects were approved. Among those 29 projects with total investment of 32,920 billion VND, 7 projects with total investment of 1,029 billion VND, 8 projects with total investment of around 300 billion VND were recommended by the Department of Planning, and Investment, Department of Commerce and Industry, Industrial park management board, respectively.

The Provincial People’s Committee has instructed relevant agencies to closely supervise the projects in order to timely remove obstacles or withdraw those far behind committed schedule or no longer feasible. 41 projects were terminated, 3 others halted due to violations of the Investment Law.

The Committee has focused on solutions to improve business environment and investment attraction, including: improving efficiency of state agencies in investment attraction; enhancing collaboration among relevant agencies of all sectors and levels to smoothly complete administrative procedures, namely investment approval, land-use certificate granting, construction, etc. The Committee also decided to adopt the Districtand Department Competitiveness Index (DDCI) and conduct an annual survey for satisfaction level of businesses and people with state management agencies, with a view to achieve a rating of above 95%./.


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