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The Ninh Binh provincial administration's diligence, listening and spirit of cooperation with businesses is being clearly affirmed by the assessment of the quality of economic management, business environment, and increasingly improved administrative reform.
The northern province of Ninh Binh has seen a sharp jump in the Provincial Competitiveness Index (PCI), an indicator of economic governance and business environment performance, over the past year.
Ninh Binh province defines administrative reform as the most important solution to build a service-oriented government and create an open and favorable business environment for people and businesses, helping raise the Provincial Competitiveness Index (PCI) in particular and attract investment capital for socioeconomic development in general.
In a bid to create a favorable climate for enterprises amid the COVID-19 pandemic and momentum to draw more investment from both at home and abroad, Ninh Binh's sectors, departments and localities have actively taken measures to improve the business environment and the Provincial Competitiveness Index (PCI).
According to the 2019 Provincial Competitiveness Index (PCI) recently released by the Vietnam Chamber of Commerce and Industry (VCCI), Vietnam's business environment has improved significantly compared to the previous years.
The Viet Nam Chamber of Commerce and Industry (VCCI) and the US Agency for International Development (USAID) have jointly released the latest Provincial Competitiveness Index (PCI) Report which measures improvements of local-level business environment in 2018.
The Vietnamese Government will create optimal conditions for US enterprises to invest successfully in Vietnam and is willing to listen to their recommendations to improve the local business environment, said Prime Minister Nguyen Xuan Phuc.
The Ministry of Planning and Investment has proposed the government to hasten efforts aimed at improving the business environment in 2018.
The commitment signed by the Vietnam Chamber of Commerce and Industry (VCCI) and all 63 provinces and cities in the spirit of the Governmental Resolution 35 on creating a favourable business environment for enterprises has initially produced positive results.
The number of newly-established businesses soared in the first 10 months of this year, while the number of old businesses which resumed operations also increased significantly. With that in mind, many said the business environment has improved.
The Law on Investment (revised), which was officially passed during the 18th session of the 13th National Assembly, is expected to give a strong boost to the country's business environment and economic restructuring.
