Please use this identifier to cite or link to this item:
Title: PCI 2015: The Vietnam Provincial Competitiveness Index 2015: Measuring economic governance for business development.
Authors: Malesky, Edmund
Tuan, Dau Anh
Thach, Pham Ngoc
Ha, Le Thanh
Lan, Nguyen Ngoc
Ha, Nguyen Le
Hang, Nguyen Thi Thu
Keywords: PCI 2015
Competitiveness index
Issue Date: 2015
Series/Report no.: USAID VCCI;pp. i - xvii, 1 - 142
Abstract: In the years since its inception, the PCI has become an integral feature of the Vietnamese policy-making process. When it was originally created, the PCI sought to give voice to the thousands of private Vietnamese businesses, echoing their dreams, needs, and frustrations. While it remains true to that objective, the PCI is now used in ways we could have scarcely imagined over a decade ago. Foreign and domestic businesses look to the PCI for their relocation and expansion decisions. Local officials benchmark their governance improvements against their PCI scores, and use the rankings to identify best practices by their competitors that they can emulate and bring back to their home provinces. Central policymakers list PCI indicators as the criteria for evaluating economic reform policies. Academic researchers from around the globe employ PCI data in rigorous scientific analyses. Journalists rely on PCI data in their reporting, including both feature articles and hard-hitting investigative reports. And development practioners use the PCI to identify and evaluate the success of their interventions. --- Another sign of the increasing trust and acceptance of the PCI is the response rate to the survey itself. Including foreign investors, existing domestic firms, and new entrants, about 11,700 individual companies filled out the survey. After removing problemmatic addresses, this yielded almost a 60 percent response rate. Their enthusiasm for the survey is a mark of how integral a tool the PCI has become in the activities of investors. This trust is critical since, of course, the research in this report would be impossible without their candid answers. Beyond the PCI rankings and insights into the latest developments in ten areas of economic governance within the provinces in Chapter 1, this year’s report strives to be responsive to the needs identified by Vietnamese policymakers. Looking ahead to this year’s legislative agenda, the PCI research team identified four priorities of Vietnamese reformers, offering tailored research to aid them in crafting their newest economic initiatives. In Chapter 2, the report offers detailed analysis on how to enhance the enabling environment for Small and Medium Size Enterprises (SMEs), which account for 98 percent of Vietnamese businesses and will be the most viable source of development and employment creation in the country’s next stage of economic development. The first part of Chapter 3 builds on these findings by studying how to enhance the spillover of technology and labor productivity from the dynamic foreign investment sector to Vietnamese private companies, particularly SMEs. The second part of Chapter 3 analyzes the next generation of foreign investment reforms. Where previous reform efforts focused on attracting investment, the next set of reforms must work to reduce the postinvestment risk environment. In particular, the team highlights how greater transparency and better access to planning documents will reduce the growing regulatory risk that foreign investors have identified. Finally in Chapter 4, the report documents the perceptions and expectations of domestic and foreign firms about the Trans-Pacific Partnership in the hopes of informing the multitude of legal changes necessary to implement the comprehensive agreement.
Appears in Collections:Economic development

Files in This Item:
File Description SizeFormat 
PCI 2015The Vietnam Provincial Competitiveness Index 2015 Measuring economic governance for business development.pdf
  Restricted Access
9.88 MBAdobe PDFView/Open

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.