(HBO) – Hoa Binh province posted 62.81 points, up 5.65 points from 2021, ranking 53rd among the 63 provinces and centrally-run cities in the Provincial Competitiveness Index (PCI), moving up nine places from 2021, showing the province’s great efforts in economic management, according to the PCI 2022 report.
Public servants process administrative
procedures for businesses, locals.
The annual PCI 2022 report was released by the Vietnam Chamber of Commerce and
Industry (VCCI). It was compiled basing on feedback from 11,872 businesses,
including 10,590 private firms and 1,282 foreign invested enterprises operating
in Vietnam.
Specifically, among the nine component indexes, the province earned 6.49 points
in entry costs; 6.62 points in land access; 4.80 points in transparency and
access to information; 6.83 points in time costs; 6.57 points in informal
charges; 6.01 points in policy bias; 6.97 points in proactivity of provincial leadership;
5.73 points in business support services; 5.58 points in labour and training;
and 6.91 points in legal institutions.
Of the total, upturn was seen in the scores of seven indexes compared to 2021
thanks to the province’s efforts in improving the local business environment
and creating favourable conditions for production and business facilities to
operate.
However, Hoa Binh saw decreases in two important indexes of transparency and
access to information and business support services. According to experts,
transparency and access to information is an important index, a measure of how
much time firms waste on bureaucratic compliance, as well as how often and for
how long firms must shut their operations down for inspections by local
regulatory agencies. Although the drop was slight, it reflects the local
business community’s low evaluation of the province’s performance.
Overall, Hoa Binh’s PCI results have shown the province’s progress in the
quality of administrative services and favourable land access. However, experts
held that in order to attract more investors, the province should work harder
to improve its policies to support local firms and creating a smooth, safe and
effective business environment.
According to the VCCI, 2023 will be a year with numerous challenges for the
domestic business community amid decline of demand in export markets, rising
costs and difficulties in capital access. It underlined the need to speed up
the improvement of the investment and business environment, along with faster
administrative reform and more favourable conditions for businesses to access
to information and reduced informal costs./.
With a focus on maintaining a close contact with the people, local authorities at all levels of Hoa Binh have implemented a range of measures to ensure security and order in ethnic minority-inhabited areas, improving their legal awareness, combating crime and social vices, and contributing to maintaining political stability and social order, while promoting socio-economic development in these areas.
On November 8th, Ngai hamlet, Thach Yen commune (Cao Phong) organized the Great National Solidarity Festival in 2024. There was the attendance of Mr. Bui Van Khanh, the Deputy Secretary of the Provincial Party Committee, the Chairman Provincial People's Committee; Colonel Trinh Duc Thiem, the Commander of the Provincial Military Command...
Hoa Binh Power Company (PC Hoa Binh) has proactively rolled out plans and solutions to ensure the stable and safe operation of the electricity grid, so as to meet the increasing needs of customers in the year-end period.
To achieve the goal of becoming a new-style rural district by 2025, the authorities of Yen Thuy district are working diligently to meet various criteria, with a particular focus on developing model new-style rural residential areas and model gardens.
Luong Son district is leveraging its existing advantages and maximizing resources to improve infrastructure, aiming to achieve town status by 2025.
Hoa Binh province has employed diverse measures to remove temporary and dilapidated houses for low-income families over the past time. The effort has received the support from the State, all-level agencies, as well as individuals in and outside the province, helping poor and disadvantaged households, especially ethnic minority people, repair or build new homes.
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