Nghe An rises 7 places on provincial competitiveness rankings

(Baonghean.vn) - On the morning of March 14, the Vietnam Chamber of Commerce and Industry (VCCI) and the United States Agency for International Development (USAID) announced a set of indexes to evaluate and rank the economic management quality of provinces and cities in Vietnam in 2016.

Nghe An province ranked 25th, up 7 places compared to 2015; ranked second among 6 provinces in the North Central region, after Thua Thien Hue. With a total score of 59.45, this is the highest position ever of Nghe An province.

Many constructions and investment projects in Nghe An are showing positive results with the support of Party committees, authorities and people at all levels. In the photo, Song Lam Cement Factory in Do Luong has been in operation since November 2016. This project produces 4 million tons of cement each year, creating jobs for over 2,000 workers. Photo: Nhat Minh

The 2016 Provincial Competitiveness Index (PCI) will be announced by the Vietnam Chamber of Commerce and Industry (VCCI) this morning (March 14). This is the 12th consecutive time that VCCI and the United States Agency for International Development (USAID) have announced a set of indicators to evaluate and rank the economic governance quality of provinces and cities in Vietnam.

To make the assessment, VCCI collected data from 10,037 domestic private enterprises, including 2,042 enterprises established in 2015 and 2016 and 1,550 foreign-invested enterprises from 46 countries operating in 14 provinces and cities.

In the 2016 rankings, Da Nang maintained its top position for the fourth consecutive year with a score of 70, marking the seventh time the city has led the country since PCI was announced. Quang Ninh rose to second place for the first time with 65.60 points, followed by Dong Thap with 64.96 points.

In Nghe An province, thanks to the efforts of all levels and the support of the people, investment attraction has improved, and the effectiveness of projects has been promoted positively. During that process, administrative reform has been continuously innovated in the most favorable direction for businesses and people, and the support of Party committees and authorities at all levels for businesses has been demonstrated through many specific actions.

PCI Index Ranking 2016. Photo Vne

Mr. Vu Tien Loc - Chairman of VCCI assessed that the PCI 2016 results reflected positive signs for domestic private enterprises. For the first time in the past 12 years, the average capital size of enterprises increased to the highest level, averaging 18.1 billion VND, double that of 10 years ago. The rate of enterprises recruiting additional workers increased by 1%, to 13% after one year.

A survey of foreign-invested enterprises (FDI) showed that 11% of enterprises revealed that they had increased their investment capital, 63% recruited new workers, the highest level in the past 5 years. More than half of the enterprises participating in the survey (about 800 enterprises) intended to expand their business activities.

Comparison table of PCI index of Central Coast provinces in 2014 and 2015. Photo: PV

In addition, the PCI 2016 report also devoted a chapter to assessing businesses’ perceptions of the environment. Accordingly, 50% of FDI enterprises and 45% of domestic enterprises are willing to pay a reasonable cost for specific environmental protection activities.

PCI Nghe An ranking table from 2010 to present and 10 outstanding indicators in 2016. Photo: PV

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Nguyen Nguyen