Ninh Binh ranks 11th in 2014 Provincial Competitiveness Index

The implementation of initiatives to create a favourable environment for business developmentand the adoption of transparent incentives were greatly attributed to NinhBinh province's rise to the 11th position from the 28th place it earned a year ago.

Central Da Nang City continued to be the top performer in the PCI 2014, securing 66.87 points, followed by southern Dong Thap province with 65.28 points and northern mountainous Lao Cai province with 64.67 points.

The top ten provinces also included Ho Chi Minh City (62.73 points), Quang Ninh (62.16 points), Vinh Phuc (61.81 points), Long An (61.37), and Thai Nguyen (61.25 points).

Meanwhile, Hanoi came in 26th and northern port Hai Phong city was ranked 34th.

The PCI 2014 is the 10th edition of the report, which is designed to assess the ease of doing business, economic governance, and administrative reform efforts of local governments of provinces and cities across Vietnam.

It was built on the voices ofnearly 10,000 domestic non-state businesses from all 63 provinces and cities. It also covered the opinions of 1,491 foreign-investedbusinesses operating in the country.

(Translated by Nguyen Thuy)