The PCI 2020 census shows that the quality of provincial economic management in Vietnam tends to improve over time. The positive movements noted include the continued decline in official costs, maintained security and order, the dynamic, more pioneering provincial government, significantly improved administrative reforms and an increasingly edqual business environment.
However, the results of the investigation show that provincial authorities need to drastically improve the transparency of the business environment, improve the quality of implementation of the system of at-level government, continue to promote administrative procedure reform and reduce the burden of inspection and inspection for businesses, continue efforts to cut costs for businesses.
The results of the survey on FDI enterprises in 2020 show that Vietnam continues to be considered as an attractive investment destination, with the advantage of stable politics, more open administrative procedures, inspection, examination and Unofficial fees have decreased.
Foreign investors expect Vietnam to continue to control corruption, improve the quality of public service delivery, improve the system of procedures and regulations, and drastically upgrade the quality of its infrastructure.
2020 is a particularly difficult year for Vietnamese businesses due to the impact of the COVID-19 epidemic. COVID-19 had a negative impact on the operations of the business on a large scale, in almost all branches, in all regions of the country; serious influence in the decline in revenue and profit of businesses in the past year.
Businesses also had to cut their workforce. State policies supporting enterprises to overcome COVID-19 have practically uneven impacts, some policies have high practical effects such as tax deferral and extension of land rent … Article The investigation also shows a high degree of adaptation of Vietnamese businesses to the epidemic.
Implemented and published since 2005, PCI is a set of indicators composed of 10 component indicators, including: market entry costs, access to land and stability in land use, calculation transparency, time costs, informal fees, local government dynamics, fair competition environment, business support services, labor training, legal institutions and security self.
Source: vietnamfinance.vn – Translated by fintel.vn