Bright signals seen in business environment improvement

4/18/2019 - 5:47:52 PM

HBO - In the years of 2016 and 2017, Hoa Binh ranked 52nd out of the 63 localities in provincial competitiveness index (PCI). The respective points in 2016 and 2017 were 56.8 and 59.42. According to statistics by the Vietnam Chamber of Commerce and Industry, in 2018, the province posted 61.73 points, rising to the 48th position out of 63 cities and provinces, four positions higher than that of 2017.

The improvement in the PCI ranking is resulted from the drastic leadership and direction of the provincial Party Committee, People’s Committee as well as comprehensive measures in the field.

In 2018, the province issued a decision assigning provincial leaders to direct key projects and deal with obstacles in the process of implementing the projects in order for them to become operational soon. In its plan to improve the business environment and competitiveness, the province tasks agencies to monitor and improve component indexes of the PCI. The People’s Committee of the province has issued a dispatch on the implementation of a number of solutions to raise unofficial indexes.

Thanks to the favourable conditions in land, Vinh Ha company has focused on building residential areas at Dong Tien ward of Hoa Binh city

All difficulties and obstacles facing investors and businesses have been settled by the local administration through dialogues and direct working sessions with each enterprise. The provincial People’s Committee has directed the reviewing and announcing of the list of newly-issued administrative procedures as well as revised and supplemented ones, along with cancelled procedures in investment, land use, construction and business operations by departments, agencies and the People’s Committees of district and cities. Hoa Binh has made public administrative procedures, planning and development plans of the province.

The provincial Party Committee and People’s Committee have directed the arrangement and completion of administrative agencies, enhancing the operational quality and efficiency of the public administrative centre and trade, investment and tourism centre.

Meanwhile, the province has modernized its administrative system, while building the e-government. It has applied a software to monitor and supervise professional agencies during their operations.

In 2018, the province saw 57 projects licensed, including 54 domestically funded worth 13.44 trillion VND and three foreign invested with a combined registered capital of 200.24 million USD./.

Starting business from hometown specialty

Appreciating the abundant potential and strengths of his hometown for tourism development, Ha Cong Hung, Deputy Secretary of the youth union of Mai Chau district’s Mai Hich commune, embarked on producing smoked meat with a desire to introduce his homeland's specialty to domestic and international tourists.

Huge potential to boost chilli export to RoK

Hoa Binh farmers are investing big in their chilli pepper cultivation areas after the first batch of 7.5 tonnes of pickled chilli peppers was shipped to the Republic of Korea (RoK) by Tien Ngan Trade and Investment Co., Ltd last month.

Hoa Binh improves effectiveness of collective economy

Recognising the role and importance of developing the collective economy, the northern province of Hoa Binh has promptly issued support policies to propel the development of the economy, making important contributions to local socio-economic development.

PM attends groundbreaking ceremony for electronic PCB factory in Hoa Binh

Prime Minister Pham Minh Chinh attended a groundbreaking ceremony for an electronic printed circuit board (PCB) factory at Da River Left Bank Industrial Park in Hoa Binh province on April 13. The electronic PCB factory is invested by Japan's Meiko Group at a total cost of 200 million USD.

In the first quarter, the total capital of the credit institutions was estimated at 40,128 billion VND

In the first quarter of 2024, the credit institutions in the province have actively deployed the legal documents of the State and the State Bank relating to currency, credit and interest rates. At the same time, they have promoted the capital mobilization, focusing on the solutions to expand the credit investment along with strengthening the credit quality management, lending to priority programs to promptly meet the capital needs for export - business and consumer demand during Tet in 2024.

Lac Son - attractive destination for investors

Outside the key economic region of Hoa Binh, yet Lac Son district has utilised its potential and strengths regarding labour, land, and transportation connectivity to attract investment to the locality, contributing to promoting socio-economic development.