In 2022, Binh Phuoc dramatically improve provincial competitiveness Index

Wednesday - 12/04/2023 13:52 1453
(BP Portal) - In the morning of 11/4, Hanoi, Vietnam Chamber of Commerce and Industry (VCCI) published its Provincial Competitiveness Index (PCI) report in 2022. 
 
Years 2022 2021 2020 2019 2018 2017 2016 2015
Join the Market 7.07 6.26 6.77 6.93 7.05 7.95 8.52 8.72
Access to Land 7.12 7.13 6.19 7.39 6.67 6.39 5.98 5.81
Transparency 6.37 6.44 5.23 6.41 5.99 6.36 6.22 7.00
Time cost 7.37 7.10 6.90 5.93 6.94 5.76 7.00 6.95
Unofficial expenses 6.39 5.84 5.93 5.69 6.24 4.95 5.24 4.85
Equal Competition 5.10 5.04 5.91 6.44 5.18 4.15 4.89 5.41
Dynamic feature 7.20 7.00 6.28 5.39 4.23 5.34 4.21 4.62
Business support policy 5.82 7.01 7.57 5.85 6.87 5.51 4.96 4.76
Labor training 5.09 5.02 5.88 6.54 5.16 5.60 5.66 4.93
Legal Institutions 7.49 6.19 6.20 5.72 5.42 4.02 3.97 4.83
PCI 64.32 62.17 62.42 62.21 60.02 56.70 56.21 56.41
Rating 43 50 50 61 61 62 57 54

Binh Phuoc’s PCI score in 2022
 
According to VCCI results, Binh Phuoc's aggregate PCI score rose by 2.15 points (from 62.17 to 64.32), ranking up 7 steps (from 50/63 to 43/63 in provinces). Out of 10 component indexes, 7 improve better than 2021.

The key entry indicators are: to join the market up 0.81 points (from 6.26 to 7.07), up 28 steps (from 53/63 to 25/63 province, city); The provincial government's dynamic rose 0.2 points (from 7 to 7.2), up 14 places (from 27/63 to 13/63); The legal and order institutions rose 1.3 points (from 6.19 to 7.49), up 24 places (from 59/63 to 35/63).

Noteworthy, 2022 is the first year when VCCI publishes the provincial Green Index (PGI). As a result, Binh Phuoc’s  overall PGI score was 14.36, ranking 41/63 in the province,city. Of these, a highly ranked "pollution reduction and Negative Impact of Climate change" index reached 4.79, ranking 5th out of 63 in the province, city.

With the determination of the whole political system, for the past year, Binh Phuoc has continued to achieve good results for the PCI, as noted by the provincial business community. The business investment environment has improved dramatically, creating strong confidence in the enterprise community and investors about the quality of the province's economic governance, and promoting a sustainable provincial competitiveness./.
Translator: Ms.Thao

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