(HBO) – In the 2022 Provincial Competitiveness Index (PCI) announced by the Vietnam Chamber of Commerce and Industry (VCCI) in early April, Hoa Binh ranked 53rd out of the country's 63 provinces and cities with a total score of 62.81 points, up 9 places compared to 2021. This result reflected efforts of the whole political system in reforming administrative procedures and improving the local business investment environment.
The Resolution of the 17th provincial Party Congress for the
2020 – 2025 term set a target of increasing 3 places each year on the PCI
rankings. It defined administrative reform and improvement of the business and
investment environment is one of strategic breakthroughs in order to
successfully implement the province's socio-economic development targets for
the 2020 – 2025 period. However, in 2021 - the first year implementing the
Resolution, the province fell to the 62nd place out of the 63 provinces and
cities in the PCI rankings and was in the underrated group.
Therefore, many concerted solutions have been drastically
implemented by the province. The whole political system has got involved with
the determination to build an open, transparent and attractive business
environment. The provincial People's Committee has supplemented many mechanisms
and policies to improve the business and investment environment, and create
favourable conditions and equality for all economic sectors to develop. At the
same time, it has built specific mechanisms and policies to encourage
enterprises to invest in agriculture and rural areas, support linkages in
production and consumption, and assist innovation and start-ups.
In addition, efforts have been made to simplify
administrative procedures, promote the application of information technology in
handling administrative procedures, and improve the satisfaction of
organisations and individuals.
These solutions have created trust in the business community.
As a result, in the 2022 PCI index, the province saw seven out of nine
component indexes reporting increases compared to those of 2021.
However, the provincial People’s Committee, departments and
agencies all agreed that it cannot be satisfied, because the province's PCI is
still at the bottom. Therefore, in order to fulfill socio-economic development
targets for 2023, there is a need for persistence and decisiveness in the
process of improving the competitiveness index as well as the business and investment
environment of the province. In particular, carrying out solutions to promote
production and business and ensure a safe policy environment for enterprises to
develop is considered as one of the key tasks in the coming time./.
Recently, the Standing Committee of Cao Phong District’s Youth Communist Union has actively directed the effective implementation of the models of collective economic development among youth, promoting the start-up movement among the youth, and helping each other develop the economy to get rich in their homeland.
Da Bac district leverages its abundant grazing lands and diverse food resources to develop goat farming as a key economic model. This initiative not only enhances incomes but also contributes to poverty alleviation and local socio-economic development.
The year-end is considered a "golden time" to stimulate trade and tourism. Various activities have been organised to seize positive market signals, enhance product branding, and drive socio-economic growth.
Hoa Binh Province currently has over 870
hectares of tea plantations, with six districts having concentrated tea
production areas that boast advantages in soil, climate, history, and
distinctive tea varieties: Yen Thuy, Lac Thuy, Da Bac, Mai Chau, Tan Lac, and
Luong Son.
Recently, Hoa Binh province has continued to review the planning of industrial parks up to 2030 and implemented procedures to prepare subdivision plans for industrial parks as per regulations.
Da Bac district leverages its abundant grazing lands and diverse food resources to develop goat farming as a key economic model. This initiative not only enhances incomes but also contributes to poverty alleviation and local socio-economic development.