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Vietnam Today

Da Nang tops PCI once again

Released at: 16:51, 15/03/2017

Da Nang tops PCI once again

Photo: Hai Van

Central city again leads the way in Provincial Competitive Index.

by Hai Van

Da Nang has again been ranked No.1 in the Provincial Competitiveness Index (PCI) for 2016, released by the Vietnam Chamber of Commerce and Industry (VCCI) on March 14. The central city scored 70 points out of 100 and topped the list for the seventh time and the fourth consecutive year. 

The city’s Party Secretary, Mr. Nguyen Xuan Anh, hailed the result while saying its score leaves room for more improvement.

“We are not satisfied with the results achieved over the years and we have to work harder because the score is not yet in line with our expectations,” he said.

This is the seventh time and the fourth consecutive year Da Nang has been No.1 in the PCI, and Mr. Anh said there is now pressure on the city to be worthy of its leading position.

According to city leaders, maintaining faith with businesses is the key factor in attracting investment. There are still many areas, however, where localities have not achieved high scores and further reform is needed, such as competitive capacity, business support, and administrative capacity.

Mr. Anh pointed out that Da Nang had been 12th in the previous PCI so must continue to try harder to boost its potential in the future.

“One thing is for sure - we will try harder,” he said. “The business community will recognize our efforts. Da Nang does not trade the environment for attracting investment.”

According to Mr. Dau Anh Tuan, Head of the Legal Department at VCCI, this year’s PCI report has its own chapter on the business environment: Vietnam’s Business in the Eyes of Foreign Investors, and also a chapter on enterprise perceptions of environmental issues in the context of many major environmental incidents around the country.

The northern province of Quang Ninh came second with 65.6 points, followed by Mekong Delta Dong Thap province with 64.96 points, southern Binh Duong province with 63.57 points, Vinh Long, 62.76 points and Lao Cai, 63.49 points.

Ho Chi Minh City and Hanoi ranked 8th and 14th, respectively.

Developed and published since 2005, the PCI is a set of indicators covering a wide range of components, such as market entry, access to land, and infrastructure, etc. This year, 69 per cent of respondents nationwide were satisfied with the quality of their electricity supply, 63 per cent were satisfied with water supply, and 57 per cent were satisfied with their internet connection. Only 42 per cent were satisfied with the quality of transport infrastructure.

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