Binh Thuan seeks solutions to improve its business environment

A conference on how to improve the business climate and provincial competitiveness index (PCI) of Binh Thuan province was held on July 12, 2016.

The representatives from over 110 enterprises in Binh Thuan province gathered together for this conference. Participants focused their discussion on analysing the reasons behind the decreased PCI ranking of the locality, and proposed solutions to the situation.They also focused on difficulties in doing business at Binh Thuan province.

Speaking at the conference, Vice Chairman of the Binh Thuan Business Association Nguyen Trac stressed that local public servants are slow to catch up with policy and mechanism reform, thus failing to provide support to businesses.

He asked the local authorities to promote administrative reform and devise more policies on capital assistance, tax incentives and land rental prices, further making it easy for small- and medium-sized enterprises to foster their development.
Chairman of the provincial Tourism Association Nguyen Van Khoa also said that many enterprises in Binh Thuan province have hesitated to invest in the tourism industry because they come up against difficulties related to the tourism strategy and land planning.He suggested the local authorities build suitable regulations on land rental prices to attract more investors in the tourism industry.

Binh Thuan province is one of Vietnam’s major tourism destinations and a national centre for sea sports and leisure tourism. It aims to attract 4.6 million tourists this year, and collect 9 trillion VND (402.1 million USD) in tourism revenue.
Other obstacles in land clearance and land-related procedures which delay the pace of many projects were also complained to Binh Thuan’s provincial authorities in the conference.

Concluding the conference, Chairman of the provincial People’s Committee Nguyen Ngoc Hai requested local departments and sectors to hasten administrative reform and ensure a safe and stable business climate for enterprises in the locality. He said businesses can make their complaints directly to the provincial People’s Committee and pledged to promptly address their concerns.

Binh Thuan ranked 26 th in PCI in Vietnam in 2015 with 58.85 points, down three levels compared to the previous year. Criteria which recorded point reduction were costs to join the market, time taken to complete administrative procedures, information transparency, time taken to implement State’s regulations, dynamism of the local authority, and legal institutions.
PV