(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./.
The Standing Board of the Hoa Binh provincial Party Committee met on March 18 to review and guide major investment projects aimed at boosting local socio-economic development.
The air is thick with the hum of drills and the clatter of machinery as the Hoa Binh – Moc Chau expressway takes shape amid the rugged terrain. Welding sparks illuminate the faces of workers, and concrete mixers churn relentlessly, laying fresh pavement on the newly-carved road. The construction site buzzes with a palpable sense of urgency, particularly in Hoa Binh province where the expressway's future is being forged.
The northern province of Hoa Binh, with over 467,000 hectares of natural forest and more than 100,000 hectares of production forest, holds significant potential for carbon credit market development.
Replacing substandard houses with more sturdy ones by June 30 is the direction given by Nguyen Phi Long, alternate member of the Party Central Committee and Secretary of the Hoa Binh provincial Party Committee, at a meeting held in early March by the provincial Steering Committee for the programme to eliminate temporary and dilapidated houses for the needy.
Recognising digital transformation as an inevitable trend, authorities and agencies in Hoa Binh have made great efforts in the work by focusing on three core pillars - digital government, digital society, and digital economy, resulting in enhanced competitiveness, improved investment climate, and ensured economic and social welfare.
In recent years, Da Bac district has improved administrative reform with a one-stop shop mechanism, streamlined inter-agency procedures, and a shift to digital platforms. These efforts have enhanced public service efficiency and contributed to local socio-economic development.
