Vietnam Releases 2008 Economic Index on Business-Friendliness
December 10, 2008
Earlier 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. This year’s progress report details aspects important to Vietnam’s continued success ” from reduced waiting periods for business registration to increased transparency of information. Two new report features are also unveiled. The PCI Infrastructure Index ranks aspects of the country’s infrastructure, such as industrial zone quality and major infrastructure like ports and airports. The Information and Communications Technology (ICT) sub-index shows levels of ICT penetration including the number of household and business computer users, internet subscribers, and broadband services.
The report was developed and implemented by The Asia Foundation and the Vietnam Chamber of Commerce and Industry, with funding from the United States Agency for International Development’s Vietnam Competitiveness Initiative (VNCI).
Read a blog entry written by The Asia Foundation’s Assistant Director of Economic Programs as she and a team of researchers culled the report’s data earlier this year.
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