Local Economy

Last updated: Wednesday, January 23, 2019


PCI - Inspiration and Motivation for Development

Posted: Thursday, May 17, 2018

“PCI has become a majestic inspiration and pressure for reforms at local and grassroots levels,” said Mr Vu Tien Loc, President of the Vietnam Chamber of Commerce and Industry (VCCI). This shows that the Provincial Competitiveness Index (PCI) has been granted greater importance at the provincial level, especially in Khanh Hoa province, because it helps the government know what needs improvement and change for the better. For many companies, especially foreign investors, PCI helps describe and compare the business environment in different provinces, and in Vietnam in general.

In 2017, Khanh Hoa province’s PCI reached 63.36 points, ranked 23rd among 63 provinces and cities in the country. It gained 3.77 more points and climbed one place in the rankings over 2016. Objectively, the current success is resulted from the firm policy guidance and administration of the province and the country as a whole. Especially, the province issued an action programme for Resolution 19-2016/NQ-CP of the Government on major tasks and solutions for a better business environment and higher national competitiveness in 2016-2017, with a vision to 2020. Accordingly, the province launched a lot of solutions to speed up public administration reform, facilitate business support and service development for enterprises, and ensure equitable business rights and legitimate interests for enterprises. With all administrative documents able to be settled on single-window electronic software, from the receipt to the return of documents, people and enterprises can track and look up information about procedures. The province will build, apply, maintain and improve the quality management systems towards the TCVN ISO 9001:2008 national standard.

The focus of Khanh Hoa province is the transparency of all mechanisms, policies and public affairs; the determination in administrative procedure reforms; and the focus on enhancing the capacity and service attitude of public employees. With these efforts, local leaders will have objective reflections from the business community in order to be more aware of strengths and weaknesses of the local business environment, and press on the administrative apparatus at all levels to undertake reforms for a better business environment. With strong willpower and consistent application of these solutions, it is certain that Khanh Hoa province’s PCI will be significantly improved in 2018 and beyond on a better business environment and stronger national competitiveness.

Phuong Hang

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