Private economy needs additional “leverage”

ĐBP - Identified as one of the important drivers of the economy, the private economic sector in Điện Biên province is showing positive movements. From enterprises investing in energy, tourism, and education to agricultural processing facilities, the private sector is gradually creating more jobs, increasing the value of local products, and expanding economic development space.

Implementing Resolution No.68-NQ/TW of the Politburo and Resolution No.13-NQ/TU of the Provincial Party Committee on private sector development, the Điện Biên Provincial People’s Committee has concretized these into decisive plans and action programs. A highlight in governance is the implementation of the “Green lane” mechanism for administrative procedures regarding key non-budget investment projects. With the requirement to shorten processing time by at least 60% and applying to 23 administrative procedures in key fields such as finance, construction, industry, trade, and agriculture, this mechanism has initially created a smooth procedural path for investors. From January 30 to April 15, 2026, the province received 20 applications under the “Green lane” mechanism, and specifically, the financial sector processed 19 applications for 13 large-scale investment projects.

According to statistics from the beginning of the year until now, the province has seen 108 newly established enterprises with a total registered capital of over VND 817 billion, along with 34 enterprises returning to operation. To date, the province has 1,672 enterprises with a total registered capital of over VND 39,621 billion. Furthermore, the province has granted investment policy approvals and information for 6 investment projects with a total registered capital of more than VND 12,649 billion. Many large projects in renewable energy, urban areas, and education are being implemented, such as the Điện Biên 1 solar power plant, the Envision Nậm Pồ wind power plant, the Điện Biên Education Complex, and the Huổi Phạ golf, commercial, tourism, and service urban area and its surroundings.

The Hà Chung coffee processing facility in Mường Ảng commune applies technology in coffee processing.

Currently, many small local production facilities are gradually asserting their position through deep processing to increase the value of agricultural products. In Mường Ảng commune, the Hà Chung coffee processing facility owned by Bùi Thị Việt Hà is a typical model. Using local coffee products, the facility has invested in workshops and machinery for deep processing of Arabica Mường Ảng products, building a brand and developing several OCOP products. The facility currently has three main products, including pure filter coffee powder with a 4-star OCOP rating, paper filter coffee with a 3-star OCOP rating, and salt coffee with a 3-star OCOP rating. Having products recognized by OCOP has helped the facility expand its market, enhance product value, and create more jobs for local labor.

Bùi Thị Việt Hà mentioned that the process of developing the facility still faces many difficulties. When OCOP products expire, the facility must re-perform many procedures as if applying for the first time, which causes the facility to lose more time and costs for documentation and administrative procedures. Additionally, to upgrade product quality to a 5-star OCOP rating, the facility must invest in expanding workshops, machinery, and technology, with the most difficult factor remaining capital. She expressed hope that the province and functional agencies would provide more preferential credit packages so that local agricultural processing facilities could access capital and boldly invest in production development.

Not only small producers but many enterprises in the province also believe that the greatest need currently is more convenient access to capital and long-term support policies. Nguyễn Phú Đỏ, Director of the Điện Biên Import-Export Trade Joint Stock Company, stated that the province has recently stepped up administrative reform, helping businesses save time and costs in procedure resolution and creating favorable conditions to expand production and business. However, to develop organic agriculture and deep processing of agricultural products, businesses still need more support policies regarding capital, credit incentives, and investment attraction to invest in technology, enhance competitiveness, and expand the consumption market for Điện Biên agricultural products.

Reality shows that despite many changes, the private economic sector in Điện Biên still faces various difficulties, such as a small number of enterprises with limited scale and low competitiveness. There is a lack of large manufacturing enterprises capable of leading the market, and the ability to access capital, science, technology, digital transformation, and consumption markets for many businesses and business households remains limited. Furthermore, the socio-economic infrastructure in rural areas of the province has not met the requirements for commodity production development. Some administrative procedures still depend on many coordination steps and inter-departmental consultations, so the actual processing time has not reached expectations.

To ensure the private economy truly becomes a driver of development, Điện Biên will continue to promote administrative reform, digital transformation, and the improvement of the investment and business environment. The province will also strengthen support for businesses to access capital, management training, trade promotion, and market expansion. The province aims to build appropriate support mechanisms for small businesses and households in mountainous and ethnic minority areas while accelerating investment in transport infrastructure to create conditions for production development and attract enterprises to invest in agriculture, rural areas, trade, and tourism.

Anh Nguyễn
Comment

You have 500/500 characters left

Please enter 5 or more characters!!!

Recent news

  • 'Restoring names, reuniting families

    Restoring names, reuniting families

    SOCIAL AFFAIRS -
    ĐBP - Although the war ended decades ago, countless families of fallen soldiers continue to wait quietly for the day their loved ones are found, identified by name, and brought home. From faded photographs and aging death notices to memories preserved across generations, that hope has never faded.
  • 'Preserving green of forests

    Preserving green of forests

    ECONOMY -
    ĐBP - Bordering areas with vast territories, rugged terrain, obstructed transportation, and impacts from agricultural production constantly pose latent risks of forest resource encroachment. Facing these demands, the forest protection forces of Điện Biên and Lai Châu provinces have intensified coordination in forest management, protection, and fire prevention and fighting (FPFF) - contributing to maintaining forested areas and limiting forestry law violations.
  • 'Family support on path to rehabilitation

    Family support on path to rehabilitation

    SOCIAL AFFAIRS -
    ĐBP - In prisoner education and rehabilitation work, the family always serves as a vital spiritual support, helping convicts recognize their mistakes and strive to amend themselves to reintegrate into society early.
  • 'Introducing new crops into production

    Introducing new crops into production

    ECONOMY -
    ĐBP - Expanding coffee and macadamia regions, pineapple fields developing toward commercial production, and experimental models of new crop varieties are painting fresh colors across Điện Biên’s agricultural landscape. The province focuses on developing strategic crops and bringing high-economic-value crop varieties into production - contributing to elevating land use efficiency and creating sustainable livelihoods for the public.
  • 'Driving green transition: Electric vehicles on rise in Điện Biên

    Driving green transition: Electric vehicles on rise in Điện Biên

    ECONOMY -
    ĐBP - Along with the growing transition toward green energy, the use of electric vehicles in Điện Biên is increasing steadily. From electric motorcycles and cars for daily travel to electric taxis for passenger transport, eco-friendly vehicles are becoming increasingly common on local roads, helping reduce emissions, lower operating costs, and gradually foster environmentally friendly transportation habits.
  • 'Expectations from specific policies for agricultural development

    Expectations from specific policies for agricultural development

    ECONOMY -
    ĐBP - Facing requirements for agricultural restructuring toward modernity, the Điện Biên provincial People’s Council passed a Resolution at its 4th session stipulating support policies for sector restructuring toward concentrated, green, smart, and sustainable commercial production.
  • 'Supporting youth union members in economic development

    Supporting youth union members in economic development

    SOCIAL AFFAIRS -
    ĐBP - Over recent years, Youth Union executive bodies across Điện Biên province have consistently accompanied youth union members by supporting preferential credit loans, transferring scientific and technical advances, providing career orientation and job placement services, and building economic models suited to each locality’s conditions. Through practical support policies, many youth union members have boldly started businesses and enriched themselves right on their home soil.
  • 'Removing barriers from backward customs

    Removing barriers from backward customs

    SOCIAL AFFAIRS -
    ĐBP - In several highland areas of Điện Biên province, backward customs persisting through generations continue to leave numerous consequences. Ranging from home births without healthcare worker assistance and sick children not being taken to medical facilities in time, to child marriage and consanguineous marriage, these backward customs directly affect health, population quality, and stand as barriers to the sustainable development of ethnic minority areas.
  • 'New-style rural area construction in new era

    New-style rural area construction in new era

    ECONOMY -
    ĐBP - Entering the 2026-2030 period, with numerous new features in the National Criteria for New-style rural area construction (NRC), Điện Biên province drafted and issued provincial-level criteria alongside preliminary resource calculations as a foundation for localities to materialize targets and execution roadmaps - generating momentum to continuously elevate NRC quality toward practical and sustainable outcomes.
  • 'Pride in the nation’s history

    Pride in the nation’s history

    NEWS - POLITICS -
    ĐBP - On the land that witnessed a victory that “resounded across the five continents and shook the world,” every step in the growth of Điện Biên’s young generation has been nurtured by a proud tradition of patriotism and revolution. The spirit of Điện Biên Phủ continues to inspire today’s youths, motivating them to cultivate aspirations, contribute to society, and help build an increasingly prosperous homeland.
  • 'Drastically conducting site clearance for key projects

    Drastically conducting site clearance for key projects

    ECONOMY -
    ĐBP - Site clearance stands as a key bottleneck determining the progress of investment projects. In Điện Biên, local authorities are mobilizing the entire political system, stepping up propaganda and mobilization, and building public consensus to hand over construction sites, thereby accelerating the progress of key projects and creating momentum for socio-economic development.
  • 'The commander building people’s heart posture at the Fatherland’s westernmost border - Part 1: From a soldier on the battlefield to a general

    The commander building people’s heart posture at the Fatherland’s westernmost border - Part 1: From a soldier on the battlefield to a general

    NEWS - POLITICS -
    ĐBP - Attached to the Northwest region for nearly half a century, Major General Lưu Trọng Lư, former Commander of the Điện Biên provincial Military Command, left a profound mark through his commander’s mettle, leader’s vision, and above all, the heart of a Party member who consistently places the people at the core.
  • 'Creating fresh momentum for Điện Biên tourism

    Creating fresh momentum for Điện Biên tourism

    TRAVEL -
    ĐBP - Possessing immense potential and advantages in tourism resources - especially historical, cultural, and natural values, along with ethnic identities - Điện Biên is focusing on diversifying tourism products, stepping up image promotion, and building and connecting domestic and international tours and routes.
  • 'Keeping children safe starting from every family

    Keeping children safe starting from every family

    SOCIAL AFFAIRS -
    ĐBP - An exceptionally serious drowning incident that occurred on July 10, 2026, in Nâm Nung commune, Lâm Đồng province, claiming lives of five 6th-grade students, serves as yet another stark warning regarding injury risks during the summer break.
  • 'Ensuring essential goods supply during rainy season

    Ensuring essential goods supply during rainy season

    ECONOMY -
    ĐBP - Every rainy and flood season, the risks of landslides, flash floods, and inundation pose significant challenges to the transportation and circulation of goods, particularly in highland communes across Điện Biên province, directly affecting people’s daily lives. Therefore, proactively stockpiling and ensuring the supply of essential goods has been implemented early by authorities at all levels, sectors, and businesses, helping meet residents’ consumption needs under all flood-related circumstances.
  • 'Điện Biên in new space

    Điện Biên in new space

    NEWS - POLITICS -
    ĐBP - Standing at the Điện Biên Phủ Victory Monument and looking down at the Mường Thanh basin, I always experience an indescribable feeling. The landscape before my eyes is both familiar and seemingly drifting very slowly at a different rhythm.