According to the Annual Report of the Provincial Competitiveness Index (PCI) 2020 by the Vietnam Chamber of Commerce and Industry (VCCI) and the United States Agency for International Development (USAID), released this morning, April 15. Hanoi City continued to rank 9/63 provinces and cities – an increase of 1.13 points compared to 2019.
Quang Ninh province leads the ranking for the fourth time with 75.09 points, an increase of 1.69 points compared to 2019. The second is Dong Thap province, reaching 72.81 points, up 1.1 points. Long An province increased 5 places compared to 2019 to third place.
Hanoi City continued to rank ninth, with 69.93 points, an increase of 1.13 points compared to 2019; with Da Nang city, Bac Ninh province, Binh Duong, Hai Phong, Ben Tre, Vinh Long in the top 10.
Among the 10 component indexes, Hanoi is highly appreciated for labor training (7.85 points), time costs (7.93 points), market entry costs (6.74 points), translation labor support service (6.68 points). Hanoi has also made many efforts to reduce informal costs, increase fair competition and increase transparency and dynamism of the government.
Over the past 16 consecutive years, the PCI report reflects the business community’s perceptions of the business environment in Vietnam to assess and rank the business environment and economic governance quality of the provinces and cities in Vietnam. Vietnam.
According to VCCI Chairman Vu Tien Loc, the 16th PCI report not only reflects the ranking of provinces and cities on the ease of the business environment but also mentions other major issues, such as the impact of the epidemic. Covid-19 came to the Vietnamese business community. At the same time, the PCI 2020 report poses Vietnam’s attractiveness to investors and reflects the business community’s expectation on the government’s reform efforts at all levels over the next five years.
“The detailed analysis of the impact of the Covid-19 epidemic on Vietnamese enterprises is an essential input to help regulators and governments at all levels to develop realistic policies for effective implementation” the dual goal “is to prevent and fight epidemics, both restore and develop socio-economic that the Government has set out”, Mr. Vu Tien Loc said.
Specifically, according to the report, the epidemic had a negative impact on businesses on a large scale; Shrinking domestic markets and interrupted supply chains are the biggest difficulties for businesses. Approximately one third of enterprises have to leave their employees working in 2020 due to the influence of Covid-19 … Especially in support policies, tax and fee policies are highly appreciated in terms of accessibility and calculation. useful…
Notably, for the first time, the PCI 2020 report provides analysis and commentary on the motivation for businesses to invest in green technology and do business in an environmentally friendly way, a major orientation of the Party and The Government recently set out in improving the quality of investment attraction for Vietnam’s future sustainable development.
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