The Vietnam Chamber of Commerce and Industry (VCCI) has just released a report on provincial competitiveness of 2018, in which Quang Ninh province continues to hold the number 1 position. On the other hand, Dak Nong province ranked last for 2 consecutive years.
The PCI 2018 report is based on feedback from 12,000 businesses, of which nearly 11,000 private enterprises are operating in 63 provinces and cities and over 1,500 businesses with FDI operating in 20 locations. methods in Vietnam. Quang Ninh province is leading the PCI ranking 2018 with 70.36/100 points (slightly down from 70.69 in 2017). Second position is belonged to Dong Thap province with 70.19 points, up 1 rank compared to the previous year.
Long An and Ben Tre province ranked 3rd and 4th with 68.09 and 66.67 points, both increased by 1 rank. On the other hand, Da Nang province dropped from the second position in 2017 to the 5th position this year when it dropped from 70.11 points to 67.65 points. Top 10 are also included Binh Duong, Quang Nam, Vinh Long, Ha Noi and HCMC.
The PCI 2018 survey shows that some areas of the business environment have changed more positively than 2017. 1. Informal costs continue to be reduced; 2. The business environment for private enterprises tends to more equality and 3. Administrative reforms are clearly changing. However, the survey results show that businesses expect more improvement in the government. In particular, they want to improve the transparency of the business environment, increase the quality of labor training, improve business support services and create more favorable conditions in the implementation of procedures to apply for business licenses, especially land, tax, social insurance.
In addition, the report also pointed out that the level of optimism of businesses about business prospects in the future also continued to be relatively high. According to the survey, 49% of private enterprises and 56% of FDI enterprises said that they will expand their businesses in the next 2 years. However, research shows that there are signs of an increase in the rate of businesses struggling to operate. These businesses are small and super small private groups. Therefore, the role of the government is becoming more important than ever to support businesses for better economic environment.