May 05, 2022 | 09:38
Despite the remarkable improvement of Vietnam’s cities and provinces to enhance competitiveness, many issues are remaining for them to lure in more investment.
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| Source: Vietnam Chamber of Commerce and Industry |
Last week’s 2021 Provincial Competitiveness Index (PCI) report, released by the Vietnam Chamber of Commerce and Industry (VCCI), revealed that Quang Ninh, Haiphong, and Dong Thap were the most improved localities last year.
All three have facilitated business performance and boosted administrative reform in favour of private sector development.
In Quang Ninh, Viet Hung Industrial Park Development JSC was, for the first time, granted an investment certificate within only 24 hours.
“We are impressed by the administrative procedure reform of Quang Ninh and the strong direction of the provincial People’s Committee and relevant authorities to support investors,” said CEO Dao Phong Truc Dai.
The province has provided 1,600 online public services at levels three and four, and 555 procedures have been integrated into the national public services portal. The time for administrative procedures has been shortened, so the satisfaction of people and businesses improved significantly, reaching 99.7 per cent at the provincial level and 99.9 per cent at the district level.
Meanwhile, second-placed Haiphong was the leading city in attracting foreign direct investment (FDI) in 2021 with a total of $5.26 billion.
CVD 