return icon

Quang Ninh tops competitiveness index again

Quang Ninh led all 63 provinces and cities nationwide to top the Provincial Competitive Index (PCI) for the third consecutive year in 2019.



A view of Quang Ninh Province. 



The Viet Nam Chamber of Commerce and Industry (VCCI) and the US Agency for International Development (USAID) announced the index in Ha Noi yesterday.

The northern coastal province added more than 3 points from its score in 2018, reaching 73.4 on a 100-point scale.

Since 2005, the PCI report has been produced annually to assess the ease of doing business, economic governance and administrative reform efforts by provincial and city governments to promote the development of the private sector.

The 15th report was based on responses from more than 12,500 enterprises, including nearly 11,000 domestic private firms from 63 provinces and cities and nearly 1,600 foreign-invested enterprises in 21 provinces.

Dong Thap with 72.1 points and Vinh Long with 71.3 points followed Quang Ninh while the rest of the top 10 including Bac Ninh, Da Nang, Quang Nam, Ben Tre, Long An, Ha Noi and Hai Phong.

In a surprise, HCM City was not in the top 10.

Chairman of the People’s Committee of Quang Ninh Province Nguyen Van Thang said the province always focused on improving its index with innovation and reforms of the investment and business environment, as well as support for enterprises.

VCCI chairman Vu Tien Loc said: "The index reached the highest median score in 2019, narrowing the gap in quality of management between provinces and cities in the country."

Loc said he thought the dynamism and creativity of provincial governments had increased, while the business environment and transparency had improved in most localities last year.

“Public administration reform has been accelerated,” he added.

Up to 70-80 per cent of businesses expressed their satisfaction with the behaviour of public authorities. In the middle of 2019, when the VCCI conducted the survey for the report, more than 50 per cent of domestic and foreign enterprises said they would expand their business in the next two years.

In 2019, about 380 new businesses were established every day, the scale of registered capital increased, added Loc who said: "The figures reflex their trust."

The report also showed procedures were troublesome. Between 53 and 59 per cent of enterprises reported difficulties in legal procedures regarding land, construction as well as investment policies.

While unofficial costs had fallen in recent years, the index found they were still high.

“There is a need for new incentives for reform from the grassroots,” Loc said.

The chairman said the PCI 2019 reflected the business environment at the local level before the COVID-19 pandemic. Though the situation had changed, he said he believed the confidence index of the people and the business community was still positive.

As Viet Nam was one of few countries that have controlled the pandemic and is now recovering, the chairman said he thought the world after the pandemic would be different.

He said international trade and investment were reversing and the global supply chains would be relocated, adding local governments must be creative and responsible to help businesses grasp opportunities. VNS/VNA

Quang Ninh tops competitiveness index again


Vietnam ranks sixth in Global Climate Risk Index

Vietnam ranks sixth in Global Climate Risk Index

Vietnam is one of the six countries most vulnerable to climate change, said a report released by Germanwatch – a German environmental organisation.

Vietnam jumps 23 places in economic freedom index

Vietnam jumps 23 places in economic freedom index

Vietnam jumped 23 places from last year to reach 58.8 points, ranking 105th place in the economic freedom index this year.


Credit package for social housing not as productive as hoped

Few have benefited from the VND15 trillion credit package for social housing as there is a limited supply of low-cost homes.


More effective tax collection of e-commerce necessary


Cultural industry to contribute 10% of Hanoi’s GRDP by 2045

Authority warns of scam South Korea labour export programmes

The Department of Overseas Labour under the Ministry of Labour, Invalids and Social Affairs have warned about scams targeting people who want to work in technical occupations in South Korea.

Textile firms call for favourable policies amid pessimistic prospects

With a pessimistic outlook for the second half of 2022, textile firms are calling for favourable governmental policies to turn their situation around.

Enterprises ignoring waste management to face penalty

Enterprises that are required to manage their waste and have yet to fulfill their payment obligations will be inspected, with a possible fine of up to VND2 billion for violations.

Favorable conditions pledged for Qatar’s funds, enterprises

Competent Vietnamese agencies are willing to create favorable conditions for Qatar’s investment funds and enterprises to seek investment opportunities in the country.

Woman posing for Tiktok video at Phu Quoc airport banned from flying for six months

The head of the Civil Aviation Authority of Vietnam Dinh Viet Thang has decided to issue a flight ban on a woman posing for a TikTok video at the Phu Quoc Airport tarmac for six months.

“1,000 public employees quitting jobs each month is inaccurate data”: HCM City

The Ho Chi Minh City Department of Home Affairs says the information that 6,177 public employees quit their jobs in the first half of 2022 is incorrect. These are actually statistics from January 1, 2020 to June 30, 2022.

Gov't sets up six working groups to inspect disbursement of public investment capital

Prime Minister Pham Minh Chinh has tasked six working groups to inspect disbursement of public investment capital in 41 ministries, state agencies and 18 localities where disbursement is below the national average rate of 34.47 percent as of July 31.

Vietnam to mobilise $360 billion for sustainable development targets

Vietnam needs to mobilise $360 billion for implementing its green and sustainable development targets by 2030.

Vietnam to make Apple Watch, MacBook for first time

Apple is in talks to make Apple Watches and MacBooks in Vietnam for the first time as the US tech giant looks to diversify production away from China, Nikkei Asia reported.

Japanese firm buys 35.1% stake at Vietnam’s power company

JERA Inc., a power generation company of Japan, has signed a deal to buy a 35.1% stake at Vietnam’s Gia Lai Electricity JSC (GEC) to tap the Southeast Asian nation's growing demand for electricity and further its own decarbonisation efforts.

Goalkeeper Dang Van Lam officially signs contract with Binh Dinh

Goalkeeper Dang Van Lam has signed a three-year contract with Binh Dinh FC and is expected to play his first match for his new team in the V.League 1 this weekend.

Vietnam faces shortage of Protamine sulfate

The Drug Administration of Vietnam (DAV) has sent a letter to provincial and municipal departments of health, hospitals and drug importers, asking them to supply information on stocks of Protamine sulfate.