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Thai Binh province makes breakthrough in attracting investment

With a score of 64.02 points, the northern province of Thai Binh has improved the Provincial Competitiveness Index (PCI) ranking by jumping to 25th out of 63 provinces and cities nationwide last year from 36th in 2006.
Thai Binh province makes breakthrough in attracting investment ảnh 1Illustrative image (Photo: congthuong.vn)

Thai Binh (VNA) – With a score of 64.02 points, the northern province of ThaiBinh has improved the Provincial Competitiveness Index (PCI) rankingby jumping to 25th out of 63 provinces and cities nationwide lastyear from 36th in 2006.

For the fourth year in a row, the province made its leap in thePCI ranking thanks to its high scores in four out of 10 sub-indices – entry andtime costs and regulatory compliance, policy bias, law and order. The provincealso climbed 13 places to 20th out of 63 provinces and citiesnationwide in the 2020 Provincial Governance and Public AdministrationPerformance Index (PAPI) rankings

It is the result of improving the investment and businessenvironment in Thai Binh province by 2020, creating a breakthrough inattracting investment to the province.

The Provincial Committee of the Party,People's Council and People's Committee always paid attention to and directedand conducted many solutions to improve the investment and businessenvironment, thereby creating favourable conditions for production and businessactivities and promoting investment attraction into the province

To Xuan Thuc, Chairman of Dong Hung district People's Committee said that the district always focuses on dissemination so that officials, partymembers and people, especially those on official duty, understand theimportance of the above-mentioned work and facilitate investors who pourcapital in the province.

As many as 125 small and medium enterprises were set up in the2016-2020 period. It attracted two investors who spent money on the technicalinfrastructure of Do Luong and Dong La industrial clusters and 31 projects in otherindustrial clusters, bringing the total number of projects to 110 whilecreating jobs for more than 21,000 employees in the period.

Regarding the administrative reform work, the province has utilisedall resources to invest in facilities and equipment to serve the operation ofthe provincial Public Administration Service Centre (PASC) and the one-stop divisions.The provincial People's Committee issued about 500 documents of all kinds inthe 2016-2020 period to direct and guide agencies, units and localities to wellperform the administrative procedures in the locality. The province has alsoreviewed and simplified nearly 1,200 administrative procedures and cut at least40 percent of the time for handling administrative procedures compared to normalones.

Up to 99 percent of people and businesses felt satisfaction whenconducting administrative procedures at the provincial PASC.

To date, the province has updated more than 1,500 administrativeprocedures on the National Public Service Portal and integrated more than 500online public services.

Do Van Ve, Chairman of the provincial Business Association saidthat the implementation of administrative procedures at the PASC has beenhighly appreciated by investors because favourable conditions have been createdfor them during the execution of projects.

In order to improve the investment and business of the province,it does not only focusing on reforming administrative procedures but alsoissuing many mechanisms and policies to encourage investment attraction.

In addition to the Government’sincentives, the provincial authorities offer their own incentives to new orexpanded investment projects in the economic zones. Investors will enjoyincentives in land access, support in the building and operation of technicalinfrastructure facilities, the building of centralised wastewater treatmentsystems, site clearance, completion of administrative formalities, and trainingof human resources.

Investment priorities are givento building and commercially operating infrastructure facilities andconcentrated wastewater treatment systems of industrial parks and industrialclusters for large-scale, state-of-the-art and environmentally friendlyindustries; commerce and services; and hi-tech agriculture

Attention has been paid to vocational training and human resourcedevelopment. The province constantly improves the effectiveness of linkingvocational training establishments with businesses.

⛦ Agencies and units in the province have consideredadministrative reform, improving the investment and business environment as oneof the key tasks, contributing to turning it into an attractive destination forboth domestic and foreign investors./.

VNA

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