(HBO) – Hoa Binh province saw its market entry index, one of the sub-indices of the Provincial Competitiveness Index (PCI), increasing in terms of points, yet decreasing in ranking last year.
The fact requires departments and localities in Hoa Binh to
make greater efforts and take more drastic actions in order to raise the PCI,
particularly the business confidence index.

Thanks to the support from competent agencies, Cap
Global Company Limited at the Luong Son Industrial Park has been operating
fruitfully since 2020.
Last year, Hoa Binh ranked 53rd among the 63 cities and
provinces in the PCI, up nine places from 2021. The locality gained 6.49 points
in the market entry index, up 0.27 points, while its ranking in this regard
dropped one place from the previous year.
According to the provincial Department of Planning and
Investment, Hoa Binh’s market entry index, which was even lower than the
national average, was evaluated based on businesses’ dissatisfaction of some
procedures like business registration, and its publicity and transparency.
The department also pointed to limitations in the
communications work and the ability of some enterprises to carry out online
administrative procedures, as well as the lack of sense of responsibility of
officials and public servants.
Besides, agencies and businesses have not been well aware of
the 10 sub-indices of the PCI yet, leading to subjectivity in their response to
the questionnaire, it added.
To improve the market entry index, Deputy Director of the
Department of Planning and Investment Vu Duc Dung said the department has
proposed the provincial People’s Committee instruct agencies to effectively
assess administrative reform.
At the same time, it is necessary to raise the awareness of
officials and public servants about the civil service culture and step up IT
application in the administrative work, he noted.
With the solutions being rolled out concertedly, the market
entry index and other sub-indices of the PCI are expected to be improved in the
coming years, thus helping spur local socio-economic development and raise
confidence of people and businesses in local administration./.
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.