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For the 4th time in a row, Quang Ninh topped the PCI rankings

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On the morning of April 15, in Hanoi, the Vietnam Chamber of Commerce and Industry (VCCI) in collaboration with the United States Agency for International Development (USAID) held an online publication of the Annual Report of the Competitiveness Index. Provincial competition (PCI) 2020.
The PCI index has been co-developed by VCCI and USAID since 2005 to assess the quality of economic governance, the ease and friendliness of the business environment and the administrative reform efforts of provincial governments. cities in Vietnam, thereby promoting the development of the private economic sector.

The PCI 2020 report is based on feedback from nearly 12,300 enterprises, of which more than 10,700 private enterprises are operating in 63 provinces and cities and nearly 1,600 foreign-invested enterprises (FDI). ) operating in 22 localities in Vietnam. With a combined PCI score of 75.09 points in 2020, Quang Ninh is the top province in the PCI 2020 index. Dong Thap, Long An and Binh Duong are provinces with quality economic governance, respectively. highest in the PCI 2020 Rankings. The last group in PCI 2020 are Bac Kan, Dak Nong, Ha Giang, Kien Giang and Bac Lieu.

Chairman of the Vietnam Chamber of Commerce and Industry Vu Tien Loc speaking at the announcement ceremony.

The PCI 2020 survey shows that the quality of economic governance at the provincial level in Vietnam tends to improve over time. The positive movements recorded include continued decline in informal costs, continued security and order, more dynamic and proactive provincial governments, and significantly improved administrative reform. business school is increasingly equal. However, the survey results show that provincial governments need to drastically improve the transparency of the business environment, improve the quality of enforcement of the grassroots government system, and continue to promote procedural reform. and reduce the burden of inspection and examination for businesses, continue efforts to cut informal costs for businesses.

PCI 2020 chart

The results of the survey on FDI enterprises in 2020 show that Vietnam continues to be seen as an attractive investment destination, with the advantage of stable politics, more open administrative procedures, inspection, examination and Informal costs have been reduced. Foreign investors expect Vietnam to continue to control corruption, improve the quality of public service delivery, improve the system of procedures and regulations, and drastically upgrade the quality of its infrastructure.

Dr. Vu Tien Loc, Chairman of VCCI, said that PCI is an indicator of action. The PCI promotes the essential actions of the governments of the provinces and cities to improve the quality of administration and create a favorable business environment. It is the evidence-based policy development and enforcement of the results provided by the PCI. It is the exploration and development of reform ideas, good grassroots models. In fact, PCI has encouraged and spread many good practices in Vietnam over the past time.

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