PCI Bac Ninh ranked 10th out of 63 provinces
10:48 23/04/2021
On April 15, 2021, the Vietnam Chamber of Commerce and Industry (VCCI) in collaboration with the United States Agency for International Development (USAID) held an online publication ceremony of the Annual Report of the National Competitiveness Index. province (PCI 2020).

The PCI index has been jointly developed by VCCI and USAID since 2005. Over the years, PCI has become the voice of the domestic business community and FDI enterprises. PCI has become a useful tool for economic governance at the provincial and city levels. The PCI 2020 report measures the quality of economic governance of the provincial government in 10 areas important to the development of businesses in the private sector; This report is built on feedback from nearly 12,300 enterprises, including over 10,700 private enterprises operating in 63 provinces and cities and nearly 1,600 foreign-invested enterprises (FDI). is operating in 22 localities in Vietnam.

In 2020, the PCI index of Bac Ninh province reached 66.74 points, ranking 10th out of 63 provinces and cities, down 6 places compared to 2019, in the group of provinces with good quality. Bac Ninh province has 4 sub-indexes that have increased points compared to 2019: Market entry, up 0.16 points; Time costs, an increase of 1.19 points; Unofficial expenses, up 0.45 points; Business support services, up 0.13 points. Meanwhile, there are 6 indexes that have decreased points, including: Access to land, down 0.48 points; Transparency, down 1.68 points; Fair competition, down 1.05 points; Dynamic, down 0.79 points; Labor training, down 0.21 points; Legal institutions, down 0.96 points.

According to the PCI Index ranking, Quang Ninh province for the fourth year in a row ranks No. 1 on the PCI rankings with 75.09 points.

The PCI 2020 survey shows that the quality of provincial economic governance in Vietnam tends to improve over time. Positive movements were recorded including the continued decline in informal costs, the maintenance of security and order, a more proactive and proactive provincial government, significant improvement in administrative reform, and a better environment. business schools are increasingly egalitarian.

Translated by Nguyen Mai Huong, Chief of Office, Bacninh IZA
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