The PCI 2024 results were officially announced by the Vietnam Chamber of Commerce and Industry (VCCI) at a ceremony held in Hanoi on May 6.

According to VCCI Chairman, Pham Tan Cong, Hai Phong’s rise to the top reflects its consistent efforts to improve the local business climate through key reforms such as streamlining administrative procedures and promoting investment.

Joining Hai Phong in the top five were Quang Ninh (73.20 points), Long An (72.64), Bac Giang (71.24), and Ba Ria – Vung Tau (71.17).

This year’s top 30 also featured other notable provinces and cities including Thua Thien Hue, Hau Giang, Phu Tho, Dong Thap, Hung Yen, Can Tho, Ben Tre, and Ninh Thuan.

Hung Yen also entered the top 10 for the first time.

The release of the 2024 PCI marks 20 years since the index was first introduced, with the goal of fostering a transparent, business-friendly, and competitive environment across Vietnam.

The 2024 report is based on feedback from nearly 11,000 domestic and foreign enterprises, offering a comprehensive overview of provincial economic governance and business sentiment nationwide.

This year’s PCI continues to highlight reform efforts at the local level, while also addressing the challenges businesses face. Notably, the 2024 edition expands its scope to include assessments on environmental governance and green investment promotion - key indicators as localities move toward sustainable development and green growth.

Cong also said that PCI 2024 would be the final edition to evaluate all 63 provinces and cities in their current form, ahead of the upcoming administrative restructuring outlined in the Party Central Committee’s Resolution No 60-NQ/TW, which takes effect in 2025.

He added that as provinces merge and local governance becomes more complex, maintaining and enhancing economic management quality will be critical. In this context, the PCI will remain an essential tool, offering data-driven insights to guide smooth, efficient and balanced regional development during the transition.

Last year, the 2023 PCI – announced in April 2024 – ranked Quang Ninh, Long An, Hai Phong, Bac Giang and Dong Thap among the top five performers in economic governance. 

Quang Ninh leads PCI rankings 2023 for seventh consecutive year

VOV.VN - The northern coastal province of Quang Ninh topped Vietnam's Provincial Competitiveness Index (PCI) 2023 for the seventh consecutive year with 71.25 points, according to the PCI 2023 report released on May 9.