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Quang Ninh continues to lead the PCI 2020 Rankings

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Quang Ninh, Dong Thap, Long An and Binh Duong respectively are the localities with the highest quality of economic governance in the PCI 2020 Rankings.

This is the information given at the announcement ceremony of the PCI 2020 Annual Report of the Provincial Competitiveness Index by the Vietnam Chamber of Commerce and Industry (VCCI) in cooperation with the United States Agency for International Development (USAID). held this morning, April 15, in Hanoi.

With a combined PCI score of 75.09 points in 2020, Quang Ninh is the leading province in the PCI in 2020. Increasing 1.69 points of synthetic PCI compared to the previous year, Quang Ninh has surpassed itself to establish 1st place in the PCI Ranking for 4 consecutive years. Not only that, Quang Ninh is also the only province among 63 provinces and cities that surpassed the 75-point mark in the PCI results since 2010.

With a score of 72.8, Dong Thap holds 2nd place in PCI 2020.

Long An reached 70.37 points and ranked third in PCI 2020, an increase of 5 levels compared to 2019.

The next provinces in the top 10 provinces and cities of the PCI 2020 are Binh Duong (70.16 points), Da Nang (70.12 points), Vinh Long (69.34 points), Hai Phong city (69 points). , 27 points), Ben Tre (69.08 points), Hanoi City (66.93 points) and Bac Ninh (66.74 points).

In this list, Binh Duong had the strongest improvement with an increase of 2.78 points and 9 ranks compared to the results in 2019, with positive assessments of businesses on market entry (up 1.22 points). and business support (up 0.91 points). “This is the result of Binh Duong reviewing and completing the one-stop shop for enterprise registration and settlement of investment procedures; implementing publicly and transparently mechanisms, policies, processes and administrative procedures for enterprise registration, investment registration and strengthening coordination between branches and levels in attracting and managing projects invest; support to create favorable conditions and solve problems so that projects can be quickly deployed into production and business ”, Mr. Dau Anh Tuan, Project Director of the Provincial Competitiveness Index Project, Head of the Legal Department , Vietnam Chamber of Commerce and Industry said.

PCI 2020 report is built based on feedback from nearly 12,300 enterprises (DN), of which over 10,700 private enterprises are operating in 63 provinces and cities and nearly 1,600 foreign-invested enterprises ( FDI) is operating in 22 localities in Vietnam.

Announcement Ceremony of the Annual Report of the Provincial Competitiveness Index 2020

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 the provincial government needs to drastically improve the transparency of the business environment, improve the quality of enforcement of the grassroots government system, and continue to promote reforms. administrative procedures and reduce the burden of inspection and examination for businesses, continue efforts to cut down on unofficial costs for businesses.

“2020 is a particularly difficult year for Vietnamese enterprises due to the impact of the Covid-19 epidemic. Covid-19 has had a negative impact on the operations of enterprises on a large scale, in almost all industries, in all regions of the country, seriously affecting the decrease in revenue and profit of enterprises in the country. last year. Enterprises also had to cut the workforce. State policies supporting enterprises to overcome Covid-19 have practically uneven impacts, some policies have high practical effects such as tax deferral and extension of land rent … “, PhD. . Vu Tien Loc, Chairman of VCCI said.

However, the PCI 2020 survey results show a relatively high degree of adaptation of Vietnamese businesses to the epidemic. The survey results of FDI enterprises in 2020 show that Vietnam continues to be considered an attractive investment destination, with the advantage of stable politics, more open administrative procedures, inspection, examination and spending. Unofficial fees have decreased. Foreign investors expect Vietnam to continue to control corruption, improve the quality of public service delivery, improve the system of procedures, regulations and drastically upgrade the quality of infrastructure./.

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