Capital remains in top 10 business-friendly locality list

15/04/2021

VGP – Ha Noi remained in Top 10 Provincial Competitiveness Index (PCI) for a third consecutive year, ranking 9th out of 63 provinces and cities with score of 66.93 in the country’s PCI 2020 report.

In the 2020 report, Ha Noi attained 1.13 points higher than that in 2019.  

Out of ten indicators, Ha Noi performed well in labor training (7.85 points), time costs (7.93 points), entry costs (6.74 points), business support services (6.68 points). The city has doubled its effort to cut informal costs; raise fair competition, strengthen administrative transparency and dynamism.  

Dau Anh Tuan, Director of the Legal Department under the Vietnam Chamber of Commerce and Industry (VCCI) was quoted as saying that an unchanged rank proves Ha Noi as one of the country’s top destination for businesses, but more efforts are needed if the city looks to higher rankings.

Introduced since 2005, the PCI is designed to assess the ease of doing business, the efficacy of economic governance and administrative reform efforts by provincial governments in Vietnam for private sector development.   

The 2020 PCI report was developed from responses by approximately 12,300 firms, including 10,700 domestic private businesses operating in 63 provinces and municipalities, and nearly 1,600 foreign invested enterprises (FIEs) operating in 22 provinces in Viet Nam.

Earlier, Ha Noi and Ho Chi Minh City were among 16 localities scoring least, with 41.629 points and 41.985 points, respectively in the Viet Nam Provincial Governance and Public Administration Performance Index (PAPI) 2020 rankings/.

   By Kim Loan