(HBO) – The Chairman of the provincial People’s Committee on November 16 issued Document No. 1980/UBND-NNTN, approving plans on building a competitiveness index for districts, departments and sectors, and conducting a survey on businesses’ assessment of the business and investment environment in Hoa Binh city, districts, departments and agencies in the locality.
The
business community in Hoa Binh province has proposed to local authorities
measures to support enterprises and improve the local business environment.
The move is made in implementing the
resolution adopted at the 17th provincial Party Congress, which sets
the goal of improving the province’s ranking in the provincial competitiveness
index (PCI) by at least three places a year during the 2021-2025 period. It is also
expected to create significant changes in the local business climate.
The District and Department
Competitiveness Index (DDCI) will measure the satisfaction of enterprises,
cooperatives and household businesses about economic management capacity of
authorities of Hoa Binh city, districts, and provincial departments and
agencies.
The index will encourage local authorities
to work harder to raise their economic management quality, and better the
settlement of administrative procedures relating to investors, enterprises,
cooperatives and household businesses, thus facilitating their operation.
It will also create a trust-worthy,
transparent channel for investors, firms, cooperatives and household businesses
to contribute opinions on building local authorities.
The survey will be conducted from January
1 to December 31, 2021 through direct interviews in Hoa Binh city, all districts
and certain departments and agencies in the province.
As many as 400 enterprises, 20
cooperatives and 80 household businesses are expected to participate in the
study.
The provincial business association will
instruct its chapters in Hoa Binh city and districts to send officials to each
participating enterprise and cooperative to deliver questionnaires, and explain
the unclear points of the questions.
The index will be compiled based on
survey’s outcomes.
The building of the index is set to create
practical, strong changes in the mindset and actions of local authorities,
departments, agencies and the business community, thus helping to attract more
resources for local economic development./.
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.
In a move to expedite the execution and disbursement of the 2024 capital plan for ODA projects, aiming for a disbursement rate of over 90% of the allocated funding, the Hoa Binh People's Committee issued Document No. 483/UBND-KTN on April 3, 2024, regarding such efforts.
Nguyen Van Thap from Kim Duc hamlet, Vinh Tien commune, Kim Boi district, has built the brand of Hoa Qua Son for local fruits. His efforts have brought about income for his family and generated job opportunities for locals, helping hundreds of households escape from poverty.
The Hoa Binh administration was entrusted by the Prime Minister with a budget of 3.43 trillion VND (142.91 million USD) for investment in 2024. The provincial People's Council approved nearly 3.76 trillion VND, which has been meticulously allocated to projects, achieving 100% of the assigned capital plan.
Hoa Binh province has mobilised all resources to propel local agricultural products to make inroads into foreign markets, towards lifting the export turnover of key agricultural products to 137.8 million USD by 2030, accounting for 3.4% of the locality’s total export value of goods.
The locality aims to export farm produce to the US, the European Union, the UK, China, Japan, and the Republic of Korea.