Nearly 11,000 businesses to mark PCI 2017

The ProvincialCompetitiveness Index (PCI) in Viet Nam is designed to assess and rank the performance, capacity and willingness ofprovincialgovernments to develop business-friendly regulatory environments for private sector development

This is the 13th consecutive year the VCCI publishes the index.

Director General of the Legal Department ofVCCI Dau Anh Tuan reported that this year, the survey received responses from 10,245 private enterprises in 63 provinces and cities (including 2,003 enterprises which were established in 2016 and 2017) and 1,765 FDI from 47 foreign countries and territories in 21 provinces and cities.

Besides the PCI ranking, the 2017 version will assess Viet Nam's business environment under the eyes of foreign investors. They will assess administrative reform, business advantages and disadvantages, and labor issues.

Mr. Tuan revealed that the PCI report will put aside a chapter on business management quality.

Earlier, in 2016, the central city of Da Nang dominates the Provincial Competitive Index (PCI) among 63 provinces and cities nationwide for the seventh time, gaining the top score of 70.00, according to PCI 2016 report.

The PCI 2016 sent out questionnaires to 11,600 enterprises, of which around 14 % were foreign invested enterprises in Viet Nam.

Last year, the Government issued Resolution 19-2017/NQ-CP, dated February 6, 2017 on continuing to implement main duties and solutions for improving the business environment and enhancing national competitiveness in 2017 and orientation towards 2020.

(Source: VGP)