Photo: khucongnghiep.com.vn

Measures to maintain the provincial competitiveness index’s (PCI) momentum in northern Bac Ninh province were debated during a workshop on May 11.

In 2014, the locality ranked tenth nationwide with 60.92 PCI points. Its transparency, timing cost, business support and equal competition sub-indexes increased from 2013 while land access, unofficial cost and dynamic criteria reduced.

Bac Ninh’s PCI has ranked among the top ten provinces for six consecutive years thanks to local authority’s efforts to build an attractive business climate, said Secretary of the Provincial Party Committee Nguyen Nhan Chien.

He suggested drastic measures to address the dropping indexes and remove barriers to enterprise growth, including cutting red tape and boosting equality among different economic sectors.

In a bid to promote the responsibility of individual personnel, provincial awards will be presented to those with outstanding performance contributing to the local PCI by the end of 2015, noted Chairman of Bac Ninh People’s Committee Nguyen Tu Quynh.

The PCI report considers a range of criteria, including land access for businesses, land use stability, transparency, an equal and competitive environment and legal support for firms.

Since 2005, the PCI survey has included nearly 80,600 private owned enterprises and 7,800 foreign enterprises.

Source: VNA