(HBO) – Strongly improving economic governance and the business environment is one of the top requirements to create sustainable momentum for attracting resources for socio-economic development. To continue raising the Provincial Competitiveness Index (PCI), the Hoa Binh provincial People’s Committee has ordered the building of a set of District and Department Competitiveness Index (DDCI) criteria and a plan for surveying businesses’ opinions about the local investment and business environment.
Thanks to authorities’ assistance to handle investment procedures, the Hai Hien Bamboo and Wood joint Stock Company, based in the Mong Hoa Industrial Park in Hoa Binh city, has maintained stable production and business activities.
In 2021, the provincial Business Association devised and proposed the set of DDCI criteria which was applied on a trial basis under the decision of the provincial People’s Committee on March 31, 2021.
For districts, the DDCI consists of nine sub-indexes, namely market entry and licensing; transparency in information access and treatment equality; quality of public services and the single-window divisions; proactivity; administrative procedure implementation and law compliance costs; unoffical charges; production and business assistance; law enforcement efficiency, legal institutions, and security - order; and access to land.
According to the provincial Business Association, the DDCI survey last year revealed many problems, including those related to transparency in information access and treatment equality. While the sub-index of informal charges at departments had the lowest score, the sub-index of access to land and business locations in all district-level localities failed to meet expectations as it was also lower than others.
To boost awareness and action to improve local economic governance and management for the sake of enterprises and investors, the provincial People’s Committee issued the set of DDCI criteria on July 30, 2022.
Hoang Quang Phong, Vice Chairman of the Vietnam Chamber of Commerce and Industry, said the DDCI application is critically important since it will create a push for departments and localities in Hoa Binh province to develop stronger resolve and determination to fulfill their duties in supporting businesses. It is also useful for enterprises to report and have their issues solved more quickly.
Only through dialogue and cooperation in an open and constructive spirit can bottlenecks and shortcomings be resolved, helping businesses promote their operations, earn profits, and contribute to the province and the State, he noted./.
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.
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