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Hanoi aims to raise its competitiveness index
Hanoi is employing a score of measures to improve its investment and business environment with the aim of raising its provincial competitiveness index (PCI) by 10 points in 2009-2010, says Vice Mayor Nguyen Huy Tuong.
Last year, Hanoi ranked 31 out of 63 provinces and cities in terms of PCI.
Addressing a conference in the city on August 11, Mr Tuong said that last March the municipal administration approved a two-year project to increase its PCI with strong determination to improve the city’s investment and business environment.
Under the project, the city will promote the transparency of its information to businesses, step up human resource training and diversify public services to facilitate business operations.
Frank Donovan, director of the US Agency for International Development (USAID) said that the conference showed Hanoi’s commitment to make its investment environment more attractive to businesses.
He said PCI is a useful tool for increasing the quality of economic management of local administrations and pledged that USAID is ready to support the Vietnamese government in carrying out the administrative reform project that will help raise Hanoi’s PCI.
In the past seven months, Hanoi has attracted US$322 million in investment capital, ranking 6th among 36 provinces and cities that attract foreign investors.
Currently the city has more than 71,000 operational businesses, mostly small- and medium-sized ones.
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