(HBO) - Deputy Secretary of the Hoa Binh Party Committee and Chairman of the provincial People's Committee Nguyen Van Quang chaired an online conference held by the provincial People’s Committee on January 9 to launch the plan of direction and management over the implementation of socio-economic tasks and State budget projection for 2019. The event also focused on realising the plan to implement Resolution 02/ND-CP on continuing to major tasks and solutions to improve the business environment and competitiveness in 2019 with a vision to 2021.


An overview of the conference.

 

Participants approved a draft plan of direction and management as well as budget projection for 2019, along with a plan to improve the business environment of the province.

 The plan defined 2019 as a particularly important year for accomplishing the missions set by the 12th Party Congress resolution and the resolution of the 16th provincial Party Congress, as well as the 5-year socio-economic development plan for the 2016-2020 period.

 Major targets of the province include an economic growth of 9.5 percent, including an expansion of 4.5 percent in agro-forestry and fisheries sector, 13.28 percent in the industry-construction, and 7.9 in the service sector.

 In the economic structure, the agro-forestry-fisheries sector is expected to make up 20.64 percent, industry-construction 50.02 percent, and service sector 29.34 percent. Per capita gross regional domestic product (GRDP) of the province is set to reach 55.1 million VND (2,369 USD), total social investment 16.43 trillion VND, total budget collection 3.81 trillion VND, export turnover 790 million USD, and import revenue 636 million USD.

 The province also aims to establish 535 new enterprises and cooperatives. Urbanization rate is set to reach 23.1 percent, and the ratio of poor households is hoped to decrease by 3 percent.

 Regarding the plan to improve the local business environment, the province will continue to create a smooth, transparent, fair and friendly atmosphere for businesses to operate effectively and attract more investors with high capacity to tapping the province's potentials and advantages.

 Specifically, Hoa Binh will strive to increase the total provincial competitiveness index (PCI) score by 2-5 points compared to that 2018, while improving component indexes such as market entry costs, land access costs, unofficial costs, fair competition, dynamism, business support and legal institutions, bringing them to a level equal to the national average./.

 

 

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