(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./.




Related Topics


“Digital Literacy for All”: Hoa Binh promotes the dissemination of digital knowledge to the community

Hoa Binh province is undergoing a dynamic transformation amid Vietnam’s national digital transition. Building on Poliburo’s Resolution No. 57-NQ/TW on breakthroughs in science, technology, innovation, and national digital transformation, the province has rolled out a wide range of practical action plans. A standout initiative is the "Digital Literacy for All” movement, an effort to ensure that no one is left behind in the digital era.

“Digital Literacy for All": Hoa Binh empowers citizens in the digital era

Hoa Binh province is undergoing a dynamic transformation in the wake of the national digital transformation movement. Building on Resolution No. 57-NQ/TW of the Politburo on breakthroughs in science, technology, innovation, and national digital transformation, the province has implemented a wide range of practical action plans. A standout initiative is the "Digital Literacy for All” movement ambitious effort to ensure that no one is left behind in the digital age.

Dong Lai commune - A memorable term of progress

With a spirit of unity and proactive problem-solving, the Party Committee, the government and the people of Dong Lai Commune (Tan Lac District) have made great strides in implementing the resolutions of the 24th Party Congress of the commune for the 2020 - 2025 term. Focusing on leadership and practical actions, the commune has brought the Party’s resolutions into daily life, creating strong impacts and pushing the local development forward.

Hoa Binh youth leads in grassroots digital transformation

Amid the nationwide push for digital transformation, young people in Hoa Binh Province are stepping up as dynamic pioneers, applying technology to enhance Youth Union operations and expand the reach of youth-led initiatives. Through creativity and adaptability, Youth Union organizations at all levels have introduced a series of practical solutions, contributing to modern governance and community development.

An Nghia commune prioritises people-centred administrative reform

In recent years, An Nghia commune, located in Lac Son district, has stepped up administrative reform, focusing on improving the quality and efficiency of its single-window service unit for receiving and processing administrative procedures. These improvements have helped create favourable conditions for local residents and organisations to handle administrative procedures, contributing to the commune’s broader socio-economic development.

Hoa Binh taps into multi-use value of forests

The Prime Minister-approved master plan to develop the multi-use value of forests ecosystems through 2030, with a vision to 2050, aims to improve the management and sustainable use of forest resources, create jobs, increase incomes, and improve the living standards of ethnic minorities, people in mountainous and remote areas, forest workers and those living near forests.