(HBO) – In the 2022 Provincial Competitiveness Index (PCI) announced by the Vietnam Chamber of Commerce and Industry (VCCI) in early April, Hoa Binh ranked 53rd out of the country's 63 provinces and cities with a total score of 62.81 points, up 9 places compared to 2021. This result reflected efforts of the whole political system in reforming administrative procedures and improving the local business investment environment.
The Resolution of the 17th provincial Party Congress for the
2020 – 2025 term set a target of increasing 3 places each year on the PCI
rankings. It defined administrative reform and improvement of the business and
investment environment is one of strategic breakthroughs in order to
successfully implement the province's socio-economic development targets for
the 2020 – 2025 period. However, in 2021 - the first year implementing the
Resolution, the province fell to the 62nd place out of the 63 provinces and
cities in the PCI rankings and was in the underrated group.
Therefore, many concerted solutions have been drastically
implemented by the province. The whole political system has got involved with
the determination to build an open, transparent and attractive business
environment. The provincial People's Committee has supplemented many mechanisms
and policies to improve the business and investment environment, and create
favourable conditions and equality for all economic sectors to develop. At the
same time, it has built specific mechanisms and policies to encourage
enterprises to invest in agriculture and rural areas, support linkages in
production and consumption, and assist innovation and start-ups.
In addition, efforts have been made to simplify
administrative procedures, promote the application of information technology in
handling administrative procedures, and improve the satisfaction of
organisations and individuals.
These solutions have created trust in the business community.
As a result, in the 2022 PCI index, the province saw seven out of nine
component indexes reporting increases compared to those of 2021.
However, the provincial People’s Committee, departments and
agencies all agreed that it cannot be satisfied, because the province's PCI is
still at the bottom. Therefore, in order to fulfill socio-economic development
targets for 2023, there is a need for persistence and decisiveness in the
process of improving the competitiveness index as well as the business and investment
environment of the province. In particular, carrying out solutions to promote
production and business and ensure a safe policy environment for enterprises to
develop is considered as one of the key tasks in the coming time./.
(HBO) - Hoa Binh’s industrial production index in August 2023 increased by 17.65% compared to the previous month, but declined by 10.08% year-on-year, the provincial Statistics Office has reported.
(HBO) - In recent times, Lac Thuy district of Hoa Binh province has effectively implemented policies on investment incentives and administrative reform, helping lure investment in tourism and industrial clusters.
(HBO) – External relations of Hoa Binh province are being expanded and developed in a substantive and effective manner, helping mobilise and capitalise on resources for sustainable socio-economic development as in line with the resolution of the 17th provincial Party Congress (2020 - 2025 tenure). The province has held many meetings and working sessions with partners and organisations in and outside the province to bolster investment cooperation.
(HBO) – Hau Nhat farm in Hang Tram town in Yen Thuy district has more than 3,000 grapefruit trees and thousands of chickens.
(HBO) - In the first months of 2023, the province's agricultural exports showed signs of recovery as some of its products found ways into new export markets. To maintain export growth momentum, in addition to exploring potential markets and improving product quality, it is necessary for businesses and cooperatives to diversify agricultural products to meet market demand.
(HBO) – Amidst the sluggish economic recovery, the banking sector and credit institutions have made great efforts in removing difficulties while creating momentum for economic growth through the implementation of effective monetary policies.