(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./.
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 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.
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.
In a move to expedite the execution and disbursement of the 2024 capital plan for ODA projects, aiming for a disbursement rate of over 90% of the allocated funding, the Hoa Binh People's Committee issued Document No. 483/UBND-KTN on April 3, 2024, regarding such efforts.
Nguyen Van Thap from Kim Duc hamlet, Vinh Tien commune, Kim Boi district, has built the brand of Hoa Qua Son for local fruits. His efforts have brought about income for his family and generated job opportunities for locals, helping hundreds of households escape from poverty.
The Hoa Binh administration was entrusted by the Prime Minister with a budget of 3.43 trillion VND (142.91 million USD) for investment in 2024. The provincial People's Council approved nearly 3.76 trillion VND, which has been meticulously allocated to projects, achieving 100% of the assigned capital plan.