Provincial Competitiveness Index (PCI) for 2023 announced
The northeastern province of Quang Ninh has topped the 2023 Provincial Competitiveness Index (PCI) drawn up by the Vietnam Chamber of Commerce and Industry (VCCI) for a seventh time in a row, the chamber announced on May 9.
Hanoi (VNA) – The northeastern province of Quang Ninh has topped the 2023 Provincial Competitiveness Index (PCI) drawn up by the Vietnam Chamber of Commerce and Industry (VCCI) for a seventh time in a row, the chamber announced on May 9.
According to the latest ranking based on responses from 9,100 private Vietnamese firms and 1,500 FDI enterprises, Quang Ninh scored 71.25 points thanks to its incentives to attract investment and improve administrative procedures.
With enterprises praising its efforts to cut non-official costs and improve administrative procedures, the Mekong Delta province of Long An came second with 70.94 points.
The rest of the top five were the northern port city of Hai Phong (70.34 points), the northern province of Bac Giang (69.75 points), and the Mekong Delta province of Dong Thap (69.66 points).
The 2023 report on PCI and Provincial Green Index (PGI) revealed that the business community commended the efforts of local authorities to better their business climate, with the nation’s average CPI being 66.66 points, or 1.44 points higher than the figure in 2022, said VCCI President Pham Tan Cong.
FDI firms said they are on stable post-pandemic recovery thanks to the considerable ease of the burden of legal compliance as well as tax and social security-related procedures, he added.
However, several firms reported they faced challenges during operation, including land and capital access, market expansion, and negative impacts of natural disasters and climate change.
The Government issued a resolution on key tasks and solutions to improve the business environment and national competitive capacity in 2024, he said, adding it serves as a fulcrum to improve enterprise resilience, helping consolidate their confidence.
The PCI & PGI Report is a collaborative research product, conducted annually by VCCI with assistance from the United States Agency for International Development (USAID) and private sector partners, to promote an enabling and environmentally friendly business climate in Vietnam.
The PCI is designed to assess the ease of doing business, the quality of economic governance, and the effectiveness of administrative ℱreform efforts in the 63 provinces and cities in the country. Like its cousin, the PGI aggregates the perception of businesses into a common voice to communicate their views on environmental policy to national and local decision-makers./.
The website, www.vietnamairlines.com, and mobile app of Vietnam Airlines have been granted the international security certification of PCI DSS Compliance Level 2.
The northern province of Hung Yen jumped 25 places in the 2022 Provincial Competitiveness Index (PCI) rankings, standing 14th among the 63 provinces and centrally-run cities nationwide, and fifth among the 11 in the Red River Delta.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
