Da Nang tops competitiveness ranking for fourth consecutive year

Tuesday, 2017-03-14 10:02:37
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Da Nang has held the top spot for the fourth consecutive year.
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NDO - Da Nang remains the best performer on the latest provincial competitiveness index (PCI) ranking for the fourth year in a row, followed by Quang Ninh and Dong Thap provinces.

The city has strengthened its position with a composite score of 70, up from 68.34 points last year and marking the seventh time the city has held the top position since the first PCI report in 2005.

The 2016 PCI report was compiled by the Vietnam Chamber of Commerce and Industry (VCCI) based on responses from 11,600 enterprises, including more than 10,000 domestic private enterprises in 63 cities and provinces and nearly 1,600 foreign enterprises in 14 provinces.

The northern province of Quang Ninh has climbed the rankings steadily over recent years from fifth in 2014 to third in 2015 and second in 2016, beating last year’s second-place Dong Thap in the Mekong Delta to the third position.

Over the last five years, Dong Thap held the top position once and ranked second twice.

According to the latest rankings, all five centrally-governed cities recorded improvement in terms of points with Hanoi and Hai Phong both scoring above 60 and ranked 14th and 21st respectively.

Can Tho climbed three notches to 11th while Ho Chi Minh City fell from 6th last year to 8th despite earning a higher score of 61.72 compared with last year’s 61.36.

Others in the top ten performers include Binh Duong, Lao Cai, Vinh Long, Thai Nguyen, Vinh Phuc and Quang Nam provinces.

The worst performers were Dak Nong, Lai Chau and Cao Bang provinces.

The PCI 2016 report witnessed impressive reform efforts in many provinces in the bottom group with the gap between the top and bottom groups narrowed to 17 points, the lowest level recorded in the past 12 years.

In general, the economic governance quality of localities in Vietnam continued to show positive improvements compared with 2015, which can be seen in the areas of proactive leadership, informal charges, labour training, policy bias and business registration.

But the areas of administrative procedures, land access and legal environment remain major obstacles for many domestic firms.

VCCI Chairman Vu Tien Loc said the PCI has become a source of motivation for reforms in Vietnamese provinces and cities, thereby improving the national competitiveness.