PCI 'Leverage' - Solution to attract investment and develop economy

Prime Minister Pham Minh Chinh visits booths displaying local specialties of Tay Ninh province.

Positioning high in PCI 2024 rankings

Speaking at the announcement ceremony of the Provincial Competitiveness Index - PCI 2024 report, Chairman of the Vietnam Federation of Commerce and Industry Pham Tan Cong affirmed: PCI is not simply a ranking. It is an annual dialogue between the business community and local authorities, where businesses can speak frankly from practice, where the authorities listen and act.

The PCI 2024 report was conducted with responses from nearly 11,000 enterprises, including domestic private enterprises and foreign-invested enterprises. Enterprises continued to show confidence in local governments, especially in areas such as information transparency, labor quality, and administrative procedure reform.

The PCI 2024 report paints a positive picture of improved provincial economic governance. The national median score was 67.67 points, up 1 point from the previous year and the eighth consecutive year it has exceeded the 60-point mark – the threshold considered to reflect a favorable business environment.

In particular, the original PCI Index - an index reflecting the quality of core economic management - reached 68.18 points, continuing to improve continuously from 2016 to present. This is the result of the persistence and perseverance of many localities in reform and the active supervision of the business community.

Chairman of the Provincial People's Committee Nguyen Van Ut received the PCI 2024 ranking certificate of the old Long An province.

According to the PCI 2024 report, the old Long An province scored 72.64 points, ranked 3rd out of 63 provinces and cities, and was assessed by the Vietnam Federation of Commerce and Industry as the most reformed in 20 years according to the PCI score for the period 2005-2024 and is one of the 10 provinces and cities with excellent economic management quality.

Most of the province's PCI 2024 component indicators have improved significantly with high scores, notably the legal institutions and security and order index (8.29 points), time costs (8.16 points), informal costs (7.39 points), fair competition (7.37 points), business support policies (7.1 points)...

PCI 2024 of the old Tay Ninh province reached 68.78 points, ranking 20/63 provinces and cities. Compared to 2023, the index increased by 0.98 points and continued to maintain the 20th rank. PCI 2024 component indices on market entry, transparency, informal costs, fair competition, business support policies, legal institutions and security and order of the old Tay Ninh province all improved compared to 2023. However, some component indices decreased slightly such as: land access, time costs, dynamism of provincial government, labor training.

Continue to improve service quality

PCI 2024 is the final PCI report that fully assesses 63 provinces and cities before the whole country merges provincial-level administrative units according to the Central Government's policy. Merging provincial-level administrative units, implementing the 2-level local government organization model and reorganizing local departments and branches, and improving the provincial business environment in the new period will have many opportunities and challenges.

From the perspective of a private enterprise, Mr. Nguyen Ngoc Son - Business Director of Tan Nhien Company Limited, said: “Since the start-up and development of production and business, the Company has always received support from local authorities from the province to the grassroots, departments, branches, especially the Department of Industry and Trade, Science and Technology, Agriculture and Environment, and the Department of Food Safety and Hygiene. The Company is doing well in local specialty products. We are very proud to be the first enterprise in Tay Ninh province to achieve the 5-star OCOP product certification. Currently, the Company continues to produce, expand the domestic market and export products of rice paper without soaking in water, shrimp salt, spices, wheat flour, mineral water, mixed rice paper…”.

Manufactured at Tan Nhien Company Limited

Mr. Son also expressed his confidence: The merger of provinces is a great opportunity for businesses. After the merger, Tay Ninh province is in the TOP 10 of the country in terms of economic scale, which is something to be very proud of. Businesses understand that, when the administrative boundaries are expanded, in the near future, the connecting traffic system, industrial park (IP) infrastructure, and logistics infrastructure will be invested in a systematic and increasingly better way, helping businesses optimize costs.

The province will also have more programs and policies to support businesses in developing science and technology, innovation, digital transformation, and green transformation. Administrative transactions between businesses and state agencies are also encouraged to be conducted online, with applications helping to shorten steps, reduce time, and costs for businesses.

After the merger, Tay Ninh province has a strategic location, great economic potential and will continue to make strong steps in developing infrastructure, industrial parks and attracting foreign investment (FDI). The province continues to focus on developing high-tech industries, supporting industries, green industries on a large scale; industries associated with agricultural and rural development. Priority is given to attracting strategic investors with capacity, reputation and experience in developing infrastructure, industrial and urban ecosystems in a modern and sustainable direction.

According to the provincial planning for the period 2021-2030, with a vision to 2050, Tay Ninh has 59 industrial parks with a total planning area of about 16,800 hectares. Currently, the province has established 46 industrial parks with a total area of over 14,500 hectares, of which 28 industrial parks have completed infrastructure and are receiving investors. Accumulated to the end of June 2025, the whole province has 2,482 investment projects in industrial parks, including 1,394 FDI projects and 1,088 domestic projects.

At the recent working session with the Provincial Economic Zone Management Board, Vice Chairman of the Provincial People's Committee Huynh Van Son requested the unit to quickly complete the organization, apparatus, and assign tasks; improve the quality of consultation; speed up the progress of industrial parks, especially projects with problems and maintain good coordination with departments and branches to improve the investment environment, improve PCI, Department, Branch and Local Competitiveness Index (DDCI), Public Administration Reform Index (PAR INDEX), Provincial Governance and Public Administration Performance Index (PAPI).

This is also the general leadership and direction of the Provincial Party Committee and the Provincial People's Committee to sectors and localities to implement solutions to improve and enhance administrative reform, public administration and provincial competitiveness indicators. The focus is to continue to promote administrative procedure reform; strengthen dialogue, promptly resolve difficulties and problems of enterprises; build mechanisms and policies to mobilize the participation of the private economic sector to contribute to the overall development of the province. In particular, it is urgent to concretize the program to implement Resolution No. 68 - NQ/TW of the Politburo on private economic development, ensuring practicality and feasibility, contributing to promoting rapid and sustainable growth.

The PCI 2024 results are a process of persistent efforts to improve the quality of economic management, consistent spirit of accompanying businesses, improving the investment and business environment associated with the sustainable development goals of Long An and Tay Ninh provinces before the merger.

This is an important foundation for Tay Ninh province to continue to inherit and implement many solutions to improve PCI in the coming time to create a transparent, favorable, safe and fair investment and business environment, contributing to realizing the goal of striving for double-digit growth./.

Phuong Thuy

Source: https://baolongan.vn/don-bay-pci-giai-phap-thu-hut-dau-tu-va-phat-trien-kinh-te-a200057.html