(HBO) - Although Hoa Binh province’s provincial competitiveness index (PCI) in 2021 dropped significantly in rankings and scores, many businesses and investors believed that this challenge was also an opportunity for the provincial authorities and its departments, sectors and localities to review and evaluate weaknesses and shortcomings, and carry out drastic measures to create a breakthrough in improving the investment environment and enhancing the province's competitiveness in the coming years.
Many organisations and
individuals wish that the Provincial Public Administration Service Centre will
improve its operation quality to facilitate the settlement of administrative
procedures.
According to the provincial Business Association, over the
past time, enterprises and investors in the province have appreciated efforts
of administrations at all levels and sectors, especially the drastic direction
of the provincial Party Committee and People's Committee in bettering the
business and investment environment and facilitating enterprises’ operations.
The province has also paid attention to removing difficulties and obstacles
facing businesses and investors, especially measures to support businesses
during the COVID-19 pandemic. However, the 2021 PCI ranking of Hoa Binh remains
low, which was a "shock" for not only the province but also many
businesses and investors.
The fact showed a surge in the number of investors to the
province has been causing difficulties related to land. Access to land and site
clearance are always the biggest "bottleneck" which causes the most
frustration because it takes a long time, thus leading to the loss of
investment opportunities. Therefore, businesses showed their wish that the
provincial People's Committee will pay attention to and drastically direct the
ground clearance for investment projects; take measures to monitor planned
areas and those being researched, surveyed and deployed by investors so as not
to put more pressure on businesses and investors in compensation for site
clearance.
Ha Trung Nguyen, Vice Chairman of the provincial Business
Association, said that unofficial costs are also a concerning issue. The
provincial 2021 PCI analysis report showed that the percentage of enterprises
reporting that they have to pay unofficial costs for inspectors has not
improved much compared to 2020, hitting 45 percent, making Hoa Binh rank 61st
out of 63 provinces and cities.
Therefore, he proposed the provincial People's Committee
impose sanctions to strictly handle and rotate jobs for irresponsible officials
and civil servants who cause difficulties and troubles for people and
businesses.
Nguyen also suggested conducting inspection once a year, and punish
agencies and individuals that carry out inspections without reporting and
having an annual inspection plan.
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.