Quang Ninh remains VN’s top business destination for third consecutive year

Wednesday, 06/05/2020 10:05 (GMT+7)

VIM - The northern province of Quang Ninh continues to be the most competitive locality in the country, topping Viet Nam’s Provincial Competitiveness Index (PCI) 2019, which was released on March 5.

Quang Ninh remains VN’s top business destination for third consecutive year

The PCI 2020 is the result of a major ongoing collaborative effort between the Viet Nam Chamber of Commerce and Industry and the U.S. Agency for International Development.

The northern province of Quang Ninh remains the most economically competitive province in Viet Nam for the third consecutive year, followed by Dong Thap and Vinh Long in the Mekong Delta.

The first and second positions remained unchanged from the previous year while Vinh Long made a strong rise from number eight to number three in 2019.

In addition, Bac Ninh, a major industrial center in northern Viet Nam, made a big jump to fourth position from number 15 a year earlier while the southern economic hub of Ho Chi Minh City fell out of the top ten to number 14.

Ha Noi, Da Nang and remained in the 10 best-performing localities, ranking 9th  and  5th position respectively.

The PCI is designed to assess the ease of doing business, economic governance, and administrative reform efforts by Viet Nam’s provincial and city governments in order to promote private sector development, according to VCCI.

“The PCI augments the collective voice of private entrepreneurs in Viet Nam regarding economic governance in their province and the country,” it said.

The 2015 PCI survey was carried out on a sample size of 8,335 randomly selected enterprises and had a response rate of about 60 percent, excluding closed businesses and firms with incorrect addresses.

by Vien Nhu - VGP

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