With 64.48 points, the northern port city of Hai Phong has slipped seven positions to 16th out of 63 localities nationwide in the Provincial Competitiveness Index (PCI) in 2018.
Hai Phong (VNA) – With 64.48 points, the northernport city of Hai Phong has slipped seven positions to 16th out of 63 localitiesnationwide in the Provincial Competitiveness Index (PCI) in 2018.
According to the PCI Report 2018 by the Vietnam Chamber ofCommerce and Industry and the US Agency for International Development (USAID) inVietnam, the city scored 6.12 points in time cost; 5.21 points in policy bias;7.81 percent points in labour policy.
The drop showed that the city’s performance in economicmanagement, business environment and efforts in administrative reform have yetto meet the expectation of the business community.
In the recent three years, the city has recorded a number ofachievements in socio-economic development. Under the Politburo’s ResolutionsNo.45 dated January 24, 2019, the city is expected to become a leading localityin modernisation and industrialisation and a driving force for socio-economicgrowth of the northern region and the whole country.
By 2025, the city will basically complete the modernisationand industrialization process, and become a smart city by 2030.
Under the PCI Report 2018, the northern province of QuangNinh continues to be the leading locality in the field with 70.36 points,followed by the Mekong Delta provinces of Dong Thap and Ben Tre with 70.19points and 68.09 points, respectively.-VNA
Officials of Ho Chi Minh City held a meeting on April 11 in an effort to improve the city’s Provincial Competitiveness Index (PCI), which dropped from the 6th in 2015 to the 8th last year.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
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This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Illustrative image (Source: VNA) 
