Tra Vinh goals bear fruit for green funding

Minister of Agriculture and Rural Development Le Minh Hoan (left) meets with Tra Vinh leaders

In late June, Tra Vinh People’s Committee enacted a plan seeking to further improve the province’s Provincial Competitiveness Index (PCI) ranking in 2023 and beyond.

In light of the fresh plan, Tra Vinh aims to at least move one rank compared to 2022 and further improve both the score and grade of PCI’s component indexes such as those related to business support, flexibility, time cost and labour training, among others.

According to figures announced by the Vietnam Chamber of Commerce and Industry in April, Tra Vinh’s PCI ranking moved up 25 ranks last year compared to 2021, caving a spot in the top 30 localities with the best management quality throughout the country.

The province made the breakthrough after sparing no effort on harmonising the interests of the business community and the state, striving for satisfaction of people and businesses for the province’s sustainable development.

In 2018-2021, Tra Vinh’s ranking was constantly low, typically at 46-58 out of 63 localities nationwide, with management quality at medium level. This greatly affected the province’s investment and business environment.

In 2021, the province’s PCI ranking was 51, down three ranks compared to 2020, in which six component indexes fell in both score and grade.

In this context, Tra Vinh People’s Committee had mandated relevant departments, sectors, and management units at grassroots level to focus on tackling impediments to improve the PCI, striving to put Tra Vinh into the group of localities with fair quality of economic management.

The province was committed to shaping up an open, transparent, dynamic and conducive business climate for enterprises from assorted economic sectors to make ventures for business development, ensuring the province’s sustainable socioeconomic development.

Tra Vinh People’s Committee assigned concrete tasks to relevant management bodies, relevant to 142 criteria under 10 PCI component indexes.

The ‘captains’ at departments, sectors and chairmen at people’s committees at all levels must do their utmost to ensure each member of their teams to properly perform their task, simultaneously presenting measures for efficient implementation, from there improving the province’s PCI ranking and local investment environment.

The captains were also held accountable for addressing the difficulties businesses face and enforcing policies and guidance from the top leaders, as well as ensuring consistency during implementation.

Le Van Han, Chairman of Tra Vinh People’s Committee, mandated relevant management bodies to review entire administrative procedures to shorten the time for settlement, avoiding causing harassments to businesses.

Simultaneously, Tra Vinh Department of Planning and Investment was required to preside and join efforts with relevant units to sum up and present a wish-list of ventures matching land use and planning schemes on an annual basis; increasing dialogues and meetings with investors and businesses with ventures in the province to help remove impediments timely.

The sectors and management units at all levels were urged to ensure publicity and transparency of all information, particularly land planning, initiatives, legal documents at district and provincial level, new infrastructure development planning, and more. The People’s Committee also sits on periodical meetings every fortnight to seek remedies to business impediments.

In addition, Chairman Han required Tra Vinh Inspectorate, the Department of Home Affairs, and relevant management bodies to avoid reiteration and overlap in inspection, and apply stern measures on the violators.

This went parallel to other oversight measures to ensure the quality of administrative procedure reform.

Thanks to these drastic measures, Tra Vinh scored 66.06 in the PCI tally, moving 25 ranks and placing 26th out of 63 localities. Of 10 component indexes, six indexes saw increased scores, including those related to market access, transparency, time cost, equal competition, flexibility, and business support. The transparency index moved up 28 ranks, the business support index climbed 21 ranks, and the equal competition index inched up over 20 ranks.

Meanwhile, for the first time, the Vietnam Chamber of Commerce and Industry promulgated the Provincial Green Index (PGI) last year to measure localities in terms of environmentally friendliness from the business practice as well as gauge the level businesses in their localities have applied environmentally friendly technologies, their attention and preparedness to invest. In this respect, Tra Vinh took the lead countrywide.

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