Hung Yen enhances provincial competitiveness

Improving the provincial competitiveness index (PCI) was identified by Hung Yen Province as one of its key tasks. The province has created favourable conditions for enterprises to operate in production and business, attract investment, and promote rapid and sustainable socio-economic development.

MaZ Asia automobile manufacturing and assembly factory in Kim Dong district, Hung Yen province
MaZ Asia automobile manufacturing and assembly factory in Kim Dong district, Hung Yen province

In the past year, Hung Yen Province has directed and implemented solutions to improve the investment and business environment.

In 2021, the Standing Board of the Hung Yen Provincial Party Committee issued Conclusion No. 223-KL/TU on the "Project on promoting investment attraction and improving provincial competitiveness index (PCI) in Hung Yen Province in the 2021-2025 period, with orientation to 2030” as well as Directive No. 15-CT/TU on strengthening the leadership, direction and implementation of site clearance work and projects in the province.

Hung Yen Provincial People's Committee has issued a project on improving the Provincial Competitiveness Index as well as the Directive of the Chairman of the People's Committee of Hung Yen Province on continuing to focus on effective implementation of solutions, improving the responsibility, spirit and service quality of cadres and civil servants in the performance of their official duties, thus building an attractive investment and business environment and especially improving the Provincial Competitiveness Index.

At the same time, the Provincial People's Committee has directed departments and branches to regularly review administrative procedures and legal documents to amend and supplement or propose that competent authorities amend and supplement them to suit current regulations, cut unnecessary administrative procedures, reduce the time to carry out administrative procedures, and create favourable conditions for businesses to access, apply and enforce.

Specifically, regarding land acquisition, compensation and site clearance in the province, the Provincial Party Committee and Hung Yen Provincial People's Committee have directed departments, agencies, committees, local authorities, and the Fatherland Front to focus on implementation.

On March 11, 2022, the Standing Board of Hung Yen Provincial Party Committee issued Decision No. 409-QD/TU on the establishment of the Hung Yen Provincial Steering Committee for key projects in the 2021-2025 period. The province strives to complete compensation and site clearance for about 1,000 hectares of industrial land by 2022 to receive the project.

The People's Committee of Hung Yen Province has directed the Department of Planning and Investment to coordinate with departments, branches, People's Committees of districts, towns and cities to study the plan to build the master plan to receive the project.

The guidelines, policies and drastic participation of all levels and sectors and the active participation of political, social organisations, businesses and people of Hung Yen Province have contributed to raising its provincial competitiveness index.

According to the Department of Planning and Investment of Hung Yen Province, Hung Yen Province reached a PCI score of 63.76 in 2021, an increase of 1.53 points compared to 2020; ranked 39th out of 63 provinces and cities nationwide, an increase of 14 places compared to 2020. Of the 10 sub-indexes of the PCI, Hung Yen has four sub-indexes with increased scores compared to 2020: Land Access and Security of Tenure, Transparency and Access to Information, Time Costs and Regulatory Compliance, and Business Support Services. There are six sub-indexes that increase in rank compared to 2020: Land Access and Security of Tenure, Transparency and Access to Information, Time Costs and Regulatory Compliance, Informal Charges, Business Support Services, and Labour and Training.

Since the Standing Board of Hung Yen Provincial Party Committee issued Directive 15-CT/TU and the drastic involvement of the whole political system in site clearance work, many difficulties and obstacles in land compensation and compensation have been gradually removed, creating favourable conditions for enterprises to have clean premises to deploy projects while increasing competitiveness and attracting investment in Hung Yen Province.

Hung Yen enhances provincial competitiveness ảnh 1

Production activities at Tien Hung Garment Joint Stock Company, in Tien Lu district, Hung Yen province

To further improve the provincial competitiveness index, Director of the Department of Planning and Investment of Hung Yen Province Trinh Van Dien said that the province has been implementing tasks and solutions such as improving the sub-indexes, raising the total score and PCI ranking, and reaching the level of being ranked in the good group compared to the whole country.

It should be based on the improvement of the PCI index along with the reform of administrative procedures in order to create motivation to attract investors to the province, especially regarding foreign investment capital, thus contributing to the promotion of socio-economic development.

It is necessary to promote and strengthen communication, dissemination and mastery of Resolution No.02 of the Government on creating the business investment environment and supporting enterprises, as well as decisions, schemes, directives and plans of Hung Yen Province regarding the PCI index.

It is also necessary to thoroughly grasp the content of building and creating an open and transparent business and investment environment, which is a political task of all levels and sectors in the province. Heads of agencies and units are subject to the Standing Board of the Provincial Party Committee and to the Provincial People's Committee for the weak issues and contents affecting the business investment environment and the PCI.

The departments need to seriously learn from experience, honestly evaluate the tasks that have been done and the tasks that have not been done, from which to propose remedial measures.

It is necessary to promote and maintain the scores of the sub-indexes that have achieved high rankings, focus on directing to overcome the limitations and weaknesses of the sub-indexes reaching the average to low level.

It is necessary to develop a set of competitiveness assessment indexes at departmental and district levels to assess the economic management capacity and improve the business and investment environment of departments, branches and localities. It is necessary to effectively implement the project on the digital transformation of Hung Yen Province in the period of 2021-2025, with a vision to 2030.

Translated by NDO