(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./.
Dao Village’s honey – a product certified with a 3-star OCOP (One Commune One Product) rating by Thong Nhat Agricultural Cooperative in Dao Village (Hoa Binh City) – is highly regarded by consumers for its quality, richness, and variety in packaging. The distinctively sweet taste of Dao Village’s honey leaves a lasting impression on anyone who has tried it.
In alignment with Project No. 07-DA/TU, issued by the Hoa Binh provincial Party Committee on November 1, 2021, Lac Thuy district has actively promoted investment and supported the sustainable development of its industrial and handicraft sectors during the 2021–2025 period. Alongside this, the district has remained committed to preserving and revitalising traditional craft villages.
Located in the northern part of Lac Thuy district, with a temperate climate and fertile soil, Phu Thanh commune has great potential and advantages in growing tea. The long-standing experience, combined with strict adherence to organic farming practices in the tea gardens, ensures that the dried tea products from Phu Thanh and Lac Thuy as a whole are sold out immediately upon production, providing a stable and prosperous life for the local people.
Amid efforts to streamline the administrative apparatus, Hoa Binh province has intensified measures to address challenges in land clearance, resettlement support, and infrastructure investment, aiming to speed up the progress of key projects.
Hoa Binh province has posted an unprecedented economic growth rate of 12.76% in the first quarter of 2025, marking its highest quarterly performance to date and positioning it as the second fastest-growing locality in the country, trailing only Bac Giang province.
Under current regulations, products in the One Commune – One Product (OCOP) programme that are rated three stars or higher must undergo re-evaluation every three months. However, in reality, some of these products fail to consistently meet the required standards, raising concerns about the sustainability of their OCOP certification. This underscores the urgent need for producers to enhance product quality and gradually develop their OCOP products into strong, marketable brands.
