How do localities “race” to improve their competitiveness?

Last week, Report Provincial Competitiveness Index (PCI) 2021 has been announced. This is one of the indicators that are very interested every year, as a “mirror” to assess the quality of economic management, the degree of convenience and friendliness of the business environment and efforts in administrative reform. governments of provinces and cities, thereby promoting the development of the private economic sector.

It can be said that 2021 is a year of “testing fire” with the executive capacity of provincial governments in the face of unpredictable impacts of the COVID-19 epidemic, requiring dynamism, companionship, and policy responses. PCI 2021 has shown that the quality of provincial economic governance continues to maintain an improving trend.

The PCI 2021 report is built on feedback from more than 11,300 businesses, including over 10,100 private enterprises and 1,100 foreign-invested enterprises. Notably, in 2021, Quang Ninh is the fifth locality to continuously hold the leading position on the PCI rankings. Hai Phong enhances the attractiveness to attract the highest foreign investment capital in the country. After many years in the group “Pretty 20, 30”, this year Vinh Phuc also entered the top 5 for the first time.

The position of the province in this year’s PCI is evaluated on 10 component indexes: Market entry costs; Land access and stability in land use; Transparency; Time costs; Informal expenses; The dynamism of local government; Fair competitive environment; Business support services; Labor training; Legal institutions and security and order.

PCI upgrade race

The year 2021 with the unusual context due to socio-economic activities seriously affected by the COVID-19 pandemic has acted as a “test” for the local governance ability of many provinces and cities. city. Accordingly, dynamism, pioneering spirit, responsible working attitude and ability to effectively solve practical problems in local economic development are the qualities that the business community expects in governments of provinces and cities.

PCI has become a “mirror” for each locality when it comes to recognizing its own capacity, continuing to reform administration to create a favorable business environment for businesses.

After 17 years of PCI announcement, some provinces were promoted and relegated, but the good news is that local leaders are very interested in the PCI measure and are determined to improve their competitiveness so that the government can truly become a “supporting platform” for businesses to continue to stand and develop.

The following provinces in the PCI ranking are making great efforts to close the gap with the leading provinces. This also signals that good reform motivations and practices have been pervasive.

The years PCI index rising to become an important tool for investors who want to find investment opportunities in Vietnam. Illustration – Photo: Dan Tri.

While many resources are limited, there is still great room to unleash resources. Improving the quality of human resources, processes, and promoting digitization will continue to open up space for reform. What is important is how localities will seize these opportunities to be able to break through in the reform process

According to international organizations and investors in Vietnam, over the years the PCI has become an important tool for investors who want to find investment opportunities in Vietnam. This tool has stimulated improvements in the quality of economic governance at localities, thereby unlocking the door to private-sector-led growth.

Since PCI, localities seem to have a race track with each other and with themselves. Creating a movement is good, but the most important thing is that the movement must produce practical results. How do people and businesses benefit from the actual results? How have localities improved their competitiveness?

Around the above issue, the program Events and Comments with the participation of Mr. Dau Anh Tuan – Head of Legal Department, Vietnam Chamber of Commerce and Industry (VCCI) and Mr. Le Duy Thanh – Chairman of Vinh Phuc Provincial People’s Committee had detailed comments and analysis!

* Invite readers to watch programs broadcast by Vietnam Television on TV Online and VTVGo!