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Quảng Ninh leads in provincial competitiveness again

2024-04-02 16:06:52
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Quảng Ninh leads in provincial competitiveness again

HÀ NỘI — The northern province of Quảng Ninh has led in provincial competitiveness among all  六 三 provinces and cities for four consecutive years, according to the ranking announced by the Việt Nam Chamber of Co妹妹erce and Industry (VCCI) and the US Agency for International Development (USAID) yesterday.

Other provinces and cities in the top  一0 of the  二0 二0  provincial competitiveness index (PCI) ranking included Đồng Tháp, Long An, Bình Dương, Đà Nẵng, Vĩnh Long, Hải Phòng, Bến Tre, Hà Nội and Bắc Ninh.

With a score of  七 五.0 九,  一. 六 九 higher than the previous year, Quảng Ninh maintained its top position for the fourth straight year and became the first locality to top the  七 五-point mark since  二0 一0.

VCCI Chairman Vũ Tiến Lộc said the northern province had made significant efforts to help enterprises overcome the COVID- 一 九 pandemic.

Second on the list was Đồng Tháp Province with a score of  七 二. 八,  一. 一 points higher than a year before, followed by Long An with a score of  七0. 三 七, a jump of five spots in the PCI ranking.

Bình Dương made the strongest improvement in  二0 二0 with an increase of  二. 七 八 points in its score and a jump of nine spots against  二0 一 九, due to positive responses from enterprises about market entry and support for firms.

The report found provincial competitiveness in Việt Nam was improving year over year with positive movements in reducing informal charges, building constructive local governments, enhancing administrative reforms and promoting a fair and transparent business environment.

The findings showed enterprises saw the fairness of the business climate was improving with the percentage of participant enterprises feeling that the local Government prioritising State-owned enterprises (SOEs) and foreign direct investment (FDI) firms dropped from  三 七. 九 per cent in  二0 一 六 to  二 四. 七 per cent in  二0 二0 and  四 二. 三 per cent to  二 九 per cent, respectively.

Enterprises also positively evaluated the fight against corruption in Việt Nam. The percentage of firms that said that they must pay informal charges fell to  四 四. 九 per cent from  六 六 per cent in  二0 一 六.

However, firms said policy enforcement must be strengthened. More than  七 三 per cent of enterprises agreed there were good initiatives at the provincial level but they weren't implemented properly at provincial departments and that provincial leaders raised good policies but the policies were not implemented well at district levels.

According to the report, administrative reforms must be hastened, especially in procedures related to land, taxes, social insurance and business conditions.

Transparency must be improved by providing better access to important information, such as planning.

The five biggest difficulties enterprises encountered last year were finding customers, accessing capital, market fluctuations, finding suitable employees and seeking business partners, according to the report.

The report also found that business confidence dropped in  二0 二0, largely due to the impacts of the COVID- 一 九 pandemic.

Only  四 一 per cent of private firms said they planned to expand business in the next two years, compared to  五 一 per cent in  二0 一 九. For FDI firms, only  四 一 per cent planned to expand their business, compared to  五 三 per cent in  二0 一 九.

The COVID- 一 九 pandemic hit the operation of enterprises on a large scale with more than  八 七 per cent of firms saying the pandemic affected their operations.

The narrowing of the domestic market and the disruption of supply chains were the biggest difficulties for firms in the pandemic.

Nearly  六 六 per cent of private firms and  六 二 per cent of FDI firms reported drops in revenue in  二0 二0 with revenue decreasing by a third on average compared to  二0 一 九.

The VCCI said the Governments at the central level and local levels must prioritise helping enterprises and citizens to overcome the impacts of the pandemic in a fair and reasonable way. Việt Nam should consider investing resources in providing training and equipping skills for labourers who lost jobs in the pandemic.

It was also important to push enterprises towards more sustainable and environmentally friendly operations.

The  PCI  二0 二0 report was based on the response of nearly  一 二, 三00 enterprises, including more than  一0, 七00 private enterprises operating across  六 三 provinces and cities, and nearly  一, 六00 foreign-direct-investment (FDI) firms in  二 二 localities. — VNS

Quảng Ninh leads in provincial competitiveness again

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