According to the Vietnam’s Provincial Competitiveness Index (PCI) survey, 2018 saw more positive improvements in business environment than the previous year, with informal charges decreasing, a more equitable business climate for private firms, and better administrative reform.

The annual PCI was put forth since 2005 to measure provincial governance from the perspective of the domestic private sector. The PCI not only informs investors about decisions regarding the location of business operations, but also articulates the perceptions of private businesses regarding administrative procedures and the conduct of authorities at all levels. Businesses expect that local authorities will work more to increase the transparency of the business climate, and facilitate conditions in land, tax and social insurance procedures. The enterprises were also upbeat about their business prospects in the coming time.-VNA