Yen Bai’s taxation sector contributes to PCI improvement

Economy

Yen Bai’s taxation sector contributes to PCI improvement

Thursday, September 10, 2020

Yen Bai province was ranked 36th among the country’s 63 provinces and cities in the Provincial Competitiveness Index (PCI) in 2019, and placed in the group of localities with good governance, according to the rankings announced by the Vietnam Chamber of Commerce and Industry (VCCI) on May 5.

The province’s taxation sector signs collaboration regulations in budget collection with localities.

The reading rose by 2.76 points from the previous year to 64.98 points. With the result, Yen Bai ranked in the leading group in the northern mountainous region.

Yen Bai province saw an increase in its score in nine out of ten component indices, eight of which was contributed by the taxation sector.

In the past time, the taxation sector joined hands with the provincial Department of Planning and Investment to grant tax codes automatically to businesses, while giving support to starts-up by setting up the "accompanying startup businesses” column on the Taxation Department’s website to get them updated with administrative procedures, and organising many training course for them.

The Taxation Department also joined the "coffee with businesses” programme held monthly by the provincial People’s Committee so as to understand local firms’ challenges and give timely support to them.

Director of the provincial Taxation Department Nong Xuan Hung said the department recommended a number of solutions to the provincial People’s Committee to improve the local investment climate, support enterprises and encourage production. Besides, it has attended and organised many business events like business dialogue and policy training courses.

By that way, the taxation department helped the province improve its PCI ranking, he added.

Quang Thieu

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Economy