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Motivating development through attraction of investments

Monday, 2019-01-07 13:27:10
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PTO- In recent years, PhuTho province has attracted many corporations and enterprises to invest in projects, such as: Sun Group Corporation, Vingroup JSC, Song Hong Thu Do JSC, Trung Nam Group, Truong Hai Auto Corporation... thanks to the efforts of the province in reforming administrative procedures, improving competitiveness index, creating favorable conditions for investors.
According to the leaders of the Department of Planning and Investment, PhuTho province has directed the effective implementation of tasks and solutions to strongly improve the environment of investment and business, boosting the Provincial Competitiveness Index (PCI). Investment promotion continues to be carried out. All levels and sectors of the province continue to simplify administrative procedures, creating favorable conditions, ensuring equality and transparency between businesses, organizations and individuals of all economic sectors. Publicity of information on: Policies, planning, administrative procedures ... on websites of the province and specialized departments for investors to access, research and selection.


At the same time, the opening of PhuTho Center for Public Administrative Services contributes to the increase in publicity and transparency in the implementation of administrative procedures, the province has directed to focus on modernizing of the administration. Thus, the 2017 Public Administrative Reform Index (PAR INDEX) of the province was ranked 11th out of 63 provinces and cities nationwide by the Government Steering Committee: Satisfaction Index of Public Administration Services in 2017 (SIPAS) reached 86.65%, ranking 13th out of 63 provinces and cities nationwide. Provincial Competitiveness Index (PCI)  in 2017 reached 62.55 points, up 3.95 points compared to 2016, classing in good PCI group; ranking 27th out of 63 provinces and cities nationwide, up 2 places compared to 2016.


Over the past time, one of the efforts to improve the provincial investment environment is focusing on directing the local authorities and levels to advise and propose measures to resolve difficulties and obstacles in the land clearance, shortening investment procedures; creating all conditions for electricity, water and infrastructure in service of production; encouraging enterprises to invest in expanding production and business development in accordance with the general planning of the province.
Improving the investment environment, attracting corporations and enterprises to invest in the province are the ways to show the potentials and strengths of each branch and field, especially the 4 breakthroughs of the Resolution of the 18thProvincial Party Congress, creating an important driving force to bring PhuTho to become a fast-growing province in the northern midland and mountainous provinces.

Dinh Vu