HCM City Post Office at night. HCM City authorities are striving to raise the Doing Business Index by 8-18 positions. — Photo news.zing.vn The HCM City People’s Committee has released a plan to boost its Provincial Competitiveness Index (PCI) as well as improve the city’s business and investment climate in 2018 and the following years. According to the plan, the City will take measures to improve the business environment indicators, especially with regard to the World Bank’s Doing Business Index, with the aim of boosting the City’s ranking by eight to 18 positions. Last year, Viet Nam ranked 68th in the World Bank’s Doing Business Report. Targets for some specific indicators include: “starting a business” index will increase by at least 40 steps and the “enforcing contract” index and “resolving insolvency” index will rise by 10 steps each. These indicators had the lowest scores in the Doing Business 2018 Report. The southern economic hub only ranked eighth in the PCI 2017 … [Read more...] about HCM City issues plan to boost PCI and Doing Business indices
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Quang Ninh Province remains in top spot in PCI ranking
Quang Ninh Province remains in top spot in PCI ranking By Thanh Thom A stunning view of Halong Bay in the northern province of Quang Ninh. The province has made various improvements, especially in administrative procedures, paperwork and land procedures – PHOTO: QUANG NINH NEWSPAPER HCMC – The northern province of Quang Ninh continues to be the most competitive locality in the country, topping Vietnam’s Provincial Competitiveness Index (PCI) 2018, which was released today, March 28. The PCI 2018 is the result of a major ongoing collaborative effort between the Vietnam Chamber of Commerce and Industry and the U.S. Agency for International Development. This year’s edition is based on responses from 12,250 enterprises from 63 cities and provinces, as well as over 1,500 foreign-invested enterprises in 20 provinces and cities with the highest concentration of foreign direct investment. Since 2005, the signature PCI has ranked Vietnam’s 63 provinces based on economic … [Read more...] about Quang Ninh Province remains in top spot in PCI ranking
Quang Ninh tops competitive index again
Landscape of Ha Long City, Quang Ninh Province.The northern coastal province topped the Provincial Competitive Index (PCI) out of 63 provinces and cities nationwide for the second consecutive year in 2018. — Photo qtv.vn The northern coastal province of Quang Ninh topped the Provincial Competitive Index (PCI) out of 63 provinces and cities nationwide for the second consecutive year in 2018. In the PCI 2018 report, released on Thursday by the Viet Nam Chamber of Commerce and Industry (VCCI) and the US Agency for International Development (USAID), the city earned the top score of 70.36 points on a 100-point scale. Quang Ninh topped the annual ranking for the first time last year. The PCI report has been produced every year since 2005 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. This is the 14th iteration. The report is based on responses from … [Read more...] about Quang Ninh tops competitive index again
Mekong Delta improved its business environment: VCCI
A package production line in Plastic Packaging Factory in Cần Thơ City’s Trà Nóc I Industrial Zone. The city, together with other localities in the Mekong Delta region has improved in the Provincial Competitiveness Index. -- VNA/VNS Photo Hoàng Hải Viet Nam News ĐỒNG THÁP – Localities in the Mekong Delta region have improved their rankings in the Provincial Competitiveness Index (PCI), according to the Vietnam Chamber of Commerce and Industry (VCCI). In a conference on PCI in 2015 held in the Mekong Delta province of Đồng Tháp yesterday, the VCCI Cần Thơ’s chapter Deputy Head of the VCCI’s Legal Department, Phạm Ngọc Thạch, highlighted Đồng Tháp’s PCI, which puts the province in second place out of the 63 provinces and cities nationwide and first in the Mekong Delta region. Đậu Anh Tuấn, Head of the VCCI’s Legal Department and Director of the Project on Enhancing Provincial Competitiveness, said improvements in administrative reform in the Mekong Delta region are seen in … [Read more...] about Mekong Delta improved its business environment: VCCI
Hà Nội announces 2017 revenue on track
Mỹ Đình new urban area in the Từ Liêm District, Hà Nội. — VNA/VNS Photo Huy Hùng Viet Nam News HÀ NỘI — Hà Nội city officials announced on September 28 that the total city revenue this year is projected to exceed the targeted revenue by 1.04 per cent and increase by 15.8 per cent over last year’s figure. The figures were announced at a conference the Hà Nội People’s Committee held on September 28 to review city finances for the first nine months of this year and make decisions to manage the city’s budget in the remaining months of the year. The city’s revenue for the first nine months of the year reached VNĐ146.4 trillion (US$6.5 billion) , meeting 71.5 per cent of the year’s targeted revenue, according to report of the city’s Department of Planning and Investment. It is estimated that the total city revenue for the entire year will reach over VNĐ207.6 trillion ($9.2 billion). Nguyễn Mạnh Quyền, the department’s director, also emphasised that the city’s investment … [Read more...] about Hà Nội announces 2017 revenue on track