Vietnam Releases 2008 Economic Index on Business-Friendliness
Wednesday, December 10th, 2008Earlier today in Vietnam, The Asia Foundation and its local partners released one of the year’s most highly anticipated reports: the 2008 Provincial Competitiveness Index (PCI). The PCI ranks the ability and willingness of provincial governments to develop business-friendly environments for private sector development. This marks the fourth in an annual series of Vietnam’s largest and most comprehensive assessments and rankings based on the views expressed by 7,820 domestic entrepreneurs and managers from firms across Vietnam’s 64 provinces.
Investors use the Index as a reference for their investment decision-making, and PCI results have been cited by Vietnam’s Prime Ministers and in more than 500 investigative and news articles. Each year, PCI gauges the progress of economic and administrative reforms and provides guidance to Vietnam’s policymakers, business leaders, and entrepreneurs. Looming as Asia’s next tiger economy, Vietnam is growing at an average of 8% per annum.
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