What is PCI? Introduced in 2005 as the results of fruitful collaboration between the Vietnam Chamber of Commerce (VCCI) and the U.S Agency for International Development (USAID), the Provincial Competitiveness Index (PCI), in order to promote the development of the private sector, is designed to assess the ease of doing business, economic governance, and administrative reform efforts by local governments of 63 provinces and cities in Vietnam.
Over time, PCI has become an important tool used to bring economic governance insight to provincial leaders and to help them find ways of improving governance and promoting local socio-economic development. For businesses, PCI provides the most important channel to voice opinions and expectations towards the government. For the central government, PCI gauges the gaps to be filled between policy design and implementation, between centralization and decentralization, between policy ideas and what is needed in real life, by businesses and citizens – the key subject of every policy.
The 2013 Provincial Competitiveness Index. The 2013 PCI report is the ninth iteration of the project. The report is based on a rigorous survey of the perceptions of 8,093 domestic firms and 1.609 foreign invested enterprises about local economic governance and the business environment across Vietnam.
The 2013 Provincial Competitiveness Index is the first of a series of Provincial Competitiveness Index reports that is wholly administered by VCCI with support from the USAID. This is a symbol of successful development assistance with lasting effects where a local partner, i.e. VCCI, has evolved to become a fully capable implementing partner of a USAID-funded project.
What Does the PCI Measure? The overall PCI comprises ten sub-indices, reflecting economic governance areas that affect private sector development. A province that is considered to perform well on the PCI is the one that has: 1) low entry costs for business start-up; 2) easy access to land and security of business premises; 3) a transparent business environment and equitable business information; 4) minimal informal charges; 5) has limited time requirements for bureaucratic procedures and inspections; 6) limit crowding out of private activity from policy biases toward state, foreign, or connected firms; 7) proactive and creative provincial leadership in solving problems for enterprises; 8) developed and high-quality business support services; 9) sound labor training policies; and 10) fair and effective legal procedures for dispute resolution.
What is PCI? Introduced in 2005 as the results of fruitful collaboration between the Vietnam Chamber of Commerce (VCCI) and the U.S Agency for International Development (USAID), the Provincial Competitiveness Index (PCI), in order to promote the development of the private sector, is designed to assess the ease of doing business, economic governance, and administrative reform efforts by local governments of 63 provinces and cities in Vietnam.
Over time, PCI has become an important tool used to bring economic governance insight to provincial leaders and to help them find ways of improving governance and promoting local socio-economic development. For businesses, PCI provides the most important channel to voice opinions and expectations towards the government. For the central government, PCI gauges the gaps to be filled between policy design and implementation, between centralization and decentralization, between policy ideas and what is needed in real life, by businesses and citizens – the key subject of every policy.
The 2013 Provincial Competitiveness Index. The 2013 PCI report is the ninth iteration of the project. The report is based on a rigorous survey of the perceptions of 8,093 domestic firms and 1.609 foreign invested enterprises about local economic governance and the business environment across Vietnam.
The 2013 Provincial Competitiveness Index is the first of a series of Provincial Competitiveness Index reports that is wholly administered by VCCI with support from the USAID. This is a symbol of successful development assistance with lasting effects where a local partner, i.e. VCCI, has evolved to become a fully capable implementing partner of a USAID-funded project.
What Does the PCI Measure? The overall PCI comprises ten sub-indices, reflecting economic governance areas that affect private sector development. A province that is considered to perform well on the PCI is the one that has: 1) low entry costs for business start-up; 2) easy access to land and security of business premises; 3) a transparent business environment and equitable business information; 4) minimal informal charges; 5) has limited time requirements for bureaucratic procedures and inspections; 6) limit crowding out of private activity from policy biases toward state, foreign, or connected firms; 7) proactive and creative provincial leadership in solving problems for enterprises; 8) developed and high-quality business support services; 9) sound labor training policies; and 10) fair and effective legal procedures for dispute resolution.
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