Quang Ninh ousts Da Nang to become Vietnam’s most competitive province
The northern province of Quang Ninh has surpassed the central city of Da Nang to top the provincial competitiveness index (PCI) rankings, according to a report released on March 22, 2018.
Quang Ninh has been in the top five since 2013. Over the past five years, Quang Ninh has focused on administrative reform through its Public Administration Centre and the Investment Promotion Agency, which have helped shorten waiting periods and reduce transaction costs for investors and businesses.
The province tops the list in the Entry Costs sub-index, with only 6% of firms waiting over a month to complete the necessary procedures for commencing operations. Furthermore, four out of five enterprises agree that the registration procedures are posted in a transparent fashion, the instructions on procedures are clear and adequate, and the staff are professional, knowledgeable and friendly.
Quang Ninh Chairman Nguyen Duc Long said that the province has made persistent efforts to achieve this position but noted that there is still a lot of room for further reform.
Although Da Nang has lost its top position, businesses in the city continue to hold a positive assessment of the municipal government’s transparency and regulatory procedures.
The remaining provinces in the top five are Dong Thap, Long An and Ben Tre. The report shows the impressive reform efforts made by local governments across the country. Informal charges have been on the decline, the business environment has been more equal, and administrative procedures have been simplified.
Press-release at the Nhan Dan official web-site