(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./.
Ngoc Luong commune in Yen Thuy district is striving to reach the finish line in advanced new-style rural area building in 2024. By promoting the implementation of solutions, the commune has to date completed necessary criteria set for advanced new-style rural communes for the 2021 – 2025 period.
The Hoa Binh provincial Party Committee’s Standing Board held a meeting on December 9 to look into some socio-economic development issues. The event was chaired by Nguyen Phi Long, alternate member of the Party Central Committee and Secretary of the provincial Party Committee.
As a gateway district adjacent to Hanoi and aiming for town status by 2025, Luong Son district has always paid attention to administrative procedure reform, focusing on cutting the number of procedures, reducing processing times, and lowering costs for citizens and businesses when carrying out administrative procedures.
Nguyen Phi Long, alternate member of the Party Central Committee, Secretary of the Hoa Binh Party Committee, visited and extended his congratulations to the staff at the Department of Education and Training of Hoa Binh on the occasion of the 42nd Vietnam Teachers’ Day (November 20, 1982-2024).
As part of the second Da River fish and shrimp festival in Hoa Binh province, the provincial People's Committee on November 15 held a fish worship ceremony and released lanterns on Da River.
The vibrant "Ruou Can (a kind of wine stored in a big jar and drunk with long bamboo straws) Festive Night”, was held on November 18 as part of the Hoa Binh Province Culture- Tourism Week 2024, attracting a large number of locals and visitors.
