(VEN) - Foreign direct investment (FDI) businesses in Thai Nguyen Province have invested US$917.4 million since early this year, which is more than 500 percent that in the same period last year. The province set a target of reaching US$2.6 billion in disbursed FDI capital for 2015.
According to Tra Vinh province People's Committee, in 2014, average GDP reached over 27,58 million VND; export volume was 370 million USD, increased 23,33% in comparison with 2013; goods import was 110 million USD, increased 22,77% in comparison with 2013; total budget revenue at the end of the year reached 1.485 billion VND, increased 28,43%; total invested capital source reached 25.000 billion VND, increased twice in comparison with plan. At the end of 2014, 14 communes would meet standard of new countryside.
Recently, Binh Duong Provincial Authority has made various measures to improve provincial competitive index (PCI) to elevate its PCI ranking. Binh Duong Newspaper reporter interviews Mr. Mai Hung Dung, Director of Planning and Investment Department regarding the matter.
Morning May 21st, Mr. Tran Van Nam, Chairman of PPC, and Deputy Chairmen had a meeting with Department of Planning – Investment to deploy Project of improving Provincial Competitiveness Index (PCI). Heads of departments, agencies, business associations also attended the meeting to find specific solutions of improving PCI.
The Provincial Competitiveness Index (PCI) 2014 survey reflected the reform tendency of localities across Vietnam. Significant improvements have been seen in such various areas as market approach, transparency, workforce training, time and costs, and business promotion services.
During his meeting on Wednesday to review the performance of local Party organisations, Da Nang Party Committee Deputy Secretary Vo Cong Tri stressed the need for local relevant agencies to take effective measures to successfully fulfil the city's socio-economic development targets prior to the 21st Congress of the municipal Party Committee which is expected to be held in October.
A laborer of a state-owned bridge building company works at a construction site of a bridge in Hanoi April 1, 2015. In 2014, 66 percent of 9,859 Vietnamese firms surveyed said they usually pay extra informal charges to facilitate business activities while during the previous year, 41 percent of the respondents said they did so, according to the Vietnam Provincial Competitiveness Index 2014. Photo: Reuters
A competitiveness measure report released Thursday paints a tad brighter picture of the business environment in provinces and cities across Vietnam, which is however still marred by unofficial expenses that keep burdening enterprises.