The recently released 2022 Provincial Competitiveness Index (PCI) report by the Vietnam Chamber of Commerce and Industry (VCCI) presents a concerning snapshot of the business and investment climate.

The northern province of Quang Ninh has maintained its leading position in terms of excellent economic management quality in Vietnam, according to the provincial competitiveness index (PCI) ranking as announced on April 11 by VCCI.

More than 67% of enterprises paid "unofficial" costs in construction inspection activities and 61.36% for conditional business licenses.

Hanoi, HCM City and several other localities can be proud of always being at the top of rankings on budget collections, FDI attraction, competitiveness, and people’s wealth.

Informal charges continue to decline in most business-government interactions, according to the 2021 Provincial Competitiveness Index (PCI) released by the Vietnam Chamber of Commerce and Industry (VCCI) last week.

If public agencies consider the work of people and businesses as their own, the number of complaints about administrative procedures will decrease.

Vietnam ranks 70th among 190 economies in this year's Doing Business 2020 report released by the World Bank (WB). One year earlier, it ranked 69th, and in 2018, it was 68th.

Despite strong efforts, major cities like Hanoi and Ho Chi Minh City are still lagging behind in the 2020 Provincial Competitiveness Index, triggering concerns over the efficacy of their reforms.

Quang Ninh ranked top in both PAPI and PCI rankings released last week, marking the northern coastal province’s decisive reform process within a decade.

Another cycle of state administrative reform is coming. This is the time to review the results of the administrative reform program in the 2011-2020 period and set the orientation for the next decade.

The Mekong Delta has topped six economic regions nationwide in terms of provincial competitive index (PCI) over the past five years,

Some 53% of businesses in Vietnam reportedly paid informal charges to local authorities in 2019, far below the figure of 66% recorded in 2016, according to the Vietnam Provincial Competitiveness Index (PCI) 2019.

The Vietnam Chamber of Commerce and Industry (VCCI) and the United States Agency for International Development (USAID) will jointly publicise the 2019 provincial competitiveness index (PCI) at a ceremony in Hanoi on May 5.

If embezzlement continues, breakthrough reforms initiated by local authorities will not bring the desired effects, Dang Dinh Dao from the Institute for Economics & Development Studies has said.

A survey found that only 32 percent of businesses have confidence in the competitiveness of their products, while others are worried about the increased presence of foreign goods.

The burden of unofficial costs is weighing on enterprises in Vietnam, and it is rising year by year. The bigger the businesses are, the more they are inspected by relevant bodies, found the provincial competitive index survey in 2015.

 VietNamNet Bridge - With a score of 68.34, Da Nang once again ranks first in the country for provincial competitiveness. The next positions belong to Dong Thap, Quang Ninh, Vinh Phuc and Lao Cai.

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