Top-ten PCI 2007 provinces proclaimed

The top-ten localities include two northern provinces (Lào Cai, Vĩnh Phúc), two central ones (Bình Định, Đà Nẵng) and six southern (Bình Dương, Vĩnh Long, An Giang, Bà Rịa - Vũng Tàu, Đồng Tháp and Hồ Chí Minh City).

According to a report made by the VCCI’s Legal Department, PCI of an average province increases by 3.2 points (from 52.4 to 55.6). An increase of one PCI point means that the province’s new investment per capita goes up by 2.5 percent, revenue per enterprise by VND 4.2 million (or US $253), and GDP per capita by 1 percent.

To obtain a strong and sustainable PCI growth in the following years, the VCCI put forth four 4 solutions: to narrow the development imbalance among different groups of provinces; to speed up the institutionalization of business activities run by individual households; to improve efficiency of the equitized State-run businesses; and to analyze methods to help people-run enterprises earn bigger benefits from reforms relating to the Việt Nam-US Bilateral Trade Agreement and WTO commitments.

By Phương Uyên