PCI 2019: Bac Ninh among highest quality of provincial economic governance

Chairwoman Nguyen Huong Giang receives a campaign medal for top provinces

In the morning of May 5, Vietnam Chamber of Commerce and Industry (VCCI) and the United States Agency for International Development (USAID) jointly organized a ceremony to announce the Provincial Competitiveness Index (PCI) 2019.

The ceremony was attended by Mr. Vu Tien Loc, Chairman of VCCI, Head of PCI Steering Committee; Mr. Daniel J. Kritenbrink, US Ambassador to Vietnam.

Representative for Bac Ninh was Ms. Nguyen Huong Giang, Deputy Secretary of Provincial Party Committee, Chairwoman of Provincial People's Committee.

This time, Quang Ninh province remains first rank for the third consecutive year with 73.4 points; followed by Dong Thap with 72.1 points and Vinh Long with 71.3 points.

In the Red River Delta region, Bac Ninh province ranks 2nd after Quang Ninh.

Specifically, Bac Ninh increases its score in eight out of 10 sub-indices over PCI 2018 including: Land access, an increase of  1.16 points; Transparency, 1.17 points; Time costs of regulatory compliance, 0.11 points; Informal charges, 1.92 points; policy bias, 2.21 points; proactivity of provincial leadership, 1.35 points; Business support services, 0.1 point; Legal institutions, increased 1.85 points.

Meanwhile, 02 sub-indices decreased including: Entry costs for new firms, an decrease of 0.34 points; Labor training, 0.66 points.

This is the 15th consecutive year that VCCI has released the PCI Index to assess and rank on the quality of economic governance,  capacity and willingness of provincial governments to develop business, friendly regulatory environments and administrative reform efforts by Viet Nam’s provincial/city governments for private sector development.

The 2019 PCI report is based on feedback from nearly 12,500 businesses in Vietnam, including about 11,000 private businesses operating in 63 provinces and cities along with over 1,500 foreign-invested enterprises (FDI) operating in 21 localities throughout the country.