(HBO) – The Hoa Binh provincial People’s Committee on May 19 held a teleconference of the steering board for improving the local investment and business climate and the Provincial Competitiveness Index (PCI).
Bui Van Khanh, Vice Secretary of the provincial Party
Committee and Chairman of the provincial People’s Committee, addresses the
meeting.
In 2020, the provincial People’s Committee
issued Decision No 97/QD-UBND on a plan to continue carrying out the main tasks
and solutions to improve the business climate and the PCI of Hoa Binh. It also
issued Dispatch No 722/UBND-NC on May 6 last year on the implementation of
activities to raise the province’s ranking in terms of regulatory compliance
costs. A number of working sessions and dialogues were held to tackle
difficulties facing enterprises and investors. Authorities also did a good job
of assisting businesses affected by the COVID-19 pandemic.
Those efforts have helped improve Hoa Binh’s
position in the PCI rankings by four places, from the 48th in 2019 to the 44th
out of the 63 provincial-level localities, meeting the target set in the
resolution of the 17th provincial Party Congress for the 2020 - 2025 tenure.
To better the province’s score and position in
the PCI rankings as in line with the 17th provincial Party Congress’s
resolution, many officials held that departments, sectors, and localities need
to raise the sense of responsibility towards duties and the working capacity of
personnel in charge of investment attraction, increase vocational training for
labourers, and step up the reform of administrative procedures, especially
shortening the time needed to grant investment licences.
Addressing the event, Chairman of the provincial
People’s Committee Bui Van Khanh appreciated efforts by departments, sectors,
localities, and the local business association in 2020 in helping Hoa Binh go
up in the PCI rankings.
As it is not easy to further improve the
province’s score and ranking, it is necessary for the entire political system
to make stronger efforts, he noted, asking for administrative reforms to be
accelerated and online public services at Level 3 and 4 to be boosted./.
Hoa Binh province’s economy posted an impressive Gross Regional Domestic Product (GRDP) growth rate of 12.67% in the first quarter of 2025, representing a 12.76% year-on-year increase, the highest rate recorded since the beginning of the current tenure, according to the provincial Statistics Office. This robust growth reflects years of strategic groundwork and sets a strong foundation for the province’s annual growth target of over 10%.
With a focus on cash crop farming with science - technology application and brand building, Lac Thuy district is gradually increasing production value, improving people's life quality, and laying the foundation for sustainable socio-economic development.
In recent years, the economic development model "Hoa Binh Earthworm Farm” run by Mr. Bui Van Dang in Co Giua Hamlet, My Thanh Commune (Lac Son district) has not only brought stable economic value but it is also environmentally friendly, helping to protect and reduce pollution, contributing to the construction of a green and sustainable agriculture.
Dao Village’s honey – a product certified with a 3-star OCOP (One Commune One Product) rating by Thong Nhat Agricultural Cooperative in Dao Village (Hoa Binh City) – is highly regarded by consumers for its quality, richness, and variety in packaging. The distinctively sweet taste of Dao Village’s honey leaves a lasting impression on anyone who has tried it.
In alignment with Project No. 07-DA/TU, issued by the Hoa Binh provincial Party Committee on November 1, 2021, Lac Thuy district has actively promoted investment and supported the sustainable development of its industrial and handicraft sectors during the 2021–2025 period. Alongside this, the district has remained committed to preserving and revitalising traditional craft villages.
Located in the northern part of Lac Thuy district, with a temperate climate and fertile soil, Phu Thanh commune has great potential and advantages in growing tea. The long-standing experience, combined with strict adherence to organic farming practices in the tea gardens, ensures that the dried tea products from Phu Thanh and Lac Thuy as a whole are sold out immediately upon production, providing a stable and prosperous life for the local people.
