(HBO) - According to results released by the Vietnam Chamber of Commerce and Industry, in 2018, Hoa Binh province gained 61.73 points in the Provincial Competitiveness Index (PCI), up 4.93 points from 2016 and 2.31 points from 2017, and ranking 48 out of the 63 provinces and cities across the country.
The Hoa Binh Knitting JSC, based in the Da
River Left Bank Industrial Park in Hoa Binh city, has operated fruitfully and
created jobs for 400 people.
Among the 500 businesses of Hoa Binh chosen for
the PCI survey, 157 or 31.4 percent of them replied, including 32 firms
established in 2017 and 2018.
Sub-indexes showed that the province’s PCI last
year increased in both the score (up 2.31 points) and the ranking (up 4 places)
from 2017. As much as 71 percent of private businesses said the provincial
administration was flexible and creative in making initiatives to develop the
private economic sector; and 54 percent said the provincial People’s Committee
was very dynamic and creative in solving new problems. Meanwhile, 65 percent of
the interviewees said difficulties and obstacles were addressed in a timely
manner through dialogues and meetings with businesses (compared to the
nationwide average of 68 percent); 81 percent said they were satisfied with the
administration’s response to and settlement of problems they pointed out
(compared to the nationwide average of 77 percent).
These results reflect Hoa Binh’s efforts to
improve the local business environment over the past years. In 2018, the
provincial administration carried out many concrete solutions to improve its
governance quality and support enterprises and investors in clearing
administrative procedures and carry out investment activities.
In particular, the provincial Party Committee
has assigned local officials to direct the acceleration of key projects. The
provincial People’s Committee has seriously implemented the business climate
and PCI improvement plan, and tasked agencies with improving the sub-indexes
within their remit. The two committees have also organised regular dialogues
and meetings with businesses to solve difficulties and obstacles. Hoa Binh has
also paid attention to investment promotion and image popularization
activities.
Appreciating the abundant potential and strengths of his hometown for tourism development, Ha Cong Hung, Deputy Secretary of the youth union of Mai Chau district’s Mai Hich commune, embarked on producing smoked meat with a desire to introduce his homeland's specialty to domestic and international tourists.
Hoa Binh farmers are investing big in their chilli pepper cultivation areas after the first batch of 7.5 tonnes of pickled chilli peppers was shipped to the Republic of Korea (RoK) by Tien Ngan Trade and Investment Co., Ltd last month.
Recognising the role and importance of developing the collective economy, the northern province of Hoa Binh has promptly issued support policies to propel the development of the economy, making important contributions to local socio-economic development.
Prime Minister Pham Minh Chinh attended a groundbreaking ceremony for an electronic printed circuit board (PCB) factory at Da River Left Bank Industrial Park in Hoa Binh province on April 13. The electronic PCB factory is invested by Japan's Meiko Group at a total cost of 200 million USD.
In the first quarter of 2024, the credit institutions in the province have actively deployed the legal documents of the State and the State Bank relating to currency, credit and interest rates. At the same time, they have promoted the capital mobilization, focusing on the solutions to expand the credit investment along with strengthening the credit quality management, lending to priority programs to promptly meet the capital needs for export - business and consumer demand during Tet in 2024.
Outside the key economic region of Hoa Binh, yet Lac Son district has utilised its potential and strengths regarding labour, land, and transportation connectivity to attract investment to the locality, contributing to promoting socio-economic development.
