The capital city will continue to take drastic measures to improve its provincial competitiveness index (PCI) in coming years, said Hanoi People's Committee Vice Chairman Nguyen Van Suu.
Top priority will be given to providing businesses with sufficient information about domestic and foreign markets as well as law and trade promotion activities in order to better facilitate businesses and further improving labour resources, Suu said.
Frequent dialogues between local authorities and enterprises to help them address their challenges in doing business will also be included, he added.
After falling over three consecutive years, Hanoi 's competitiveness index last year jumped by seven places to the 36th among 63 cities and provinces. The annual index is based on an annual survey conducted by the Vietnam Chamber of Commerce and Industry.
It surveyed 7,000 domestic firms that contributed opinions on nine aspects of governance across the entire country. Those aspects comprised of entry costs, land access and security of tenure, transparency and access to information, time taken for complying with regulations, informal charges, pro-activity of the provincial leadership, business support services, labour and training – and legal institutions.
The business community has appreciated greater efforts of local authorities to better facilitate the private sector, said Dau Anh Tuan from the PCI research team.
Up to 43.3 percent of enterprises agreed that local authorities last year were much more active in solving their business challenges in comparison with 37.8 percent in 2010.
The firms also found it easier to access the city's policies and relevant documents as well as its land sources, Tuan said.
Despite such improvements, the city's low quality of labour and complicated administrative procedures, especially in tax, enterprise registration and customs remained problematic, he said.
The capital city should reduce cumbersome formalities and simplify administrative procedures to create a more favourable business climate, he noted.-VNA
Top priority will be given to providing businesses with sufficient information about domestic and foreign markets as well as law and trade promotion activities in order to better facilitate businesses and further improving labour resources, Suu said.
Frequent dialogues between local authorities and enterprises to help them address their challenges in doing business will also be included, he added.
After falling over three consecutive years, Hanoi 's competitiveness index last year jumped by seven places to the 36th among 63 cities and provinces. The annual index is based on an annual survey conducted by the Vietnam Chamber of Commerce and Industry.
It surveyed 7,000 domestic firms that contributed opinions on nine aspects of governance across the entire country. Those aspects comprised of entry costs, land access and security of tenure, transparency and access to information, time taken for complying with regulations, informal charges, pro-activity of the provincial leadership, business support services, labour and training – and legal institutions.
The business community has appreciated greater efforts of local authorities to better facilitate the private sector, said Dau Anh Tuan from the PCI research team.
Up to 43.3 percent of enterprises agreed that local authorities last year were much more active in solving their business challenges in comparison with 37.8 percent in 2010.
The firms also found it easier to access the city's policies and relevant documents as well as its land sources, Tuan said.
Despite such improvements, the city's low quality of labour and complicated administrative procedures, especially in tax, enterprise registration and customs remained problematic, he said.
The capital city should reduce cumbersome formalities and simplify administrative procedures to create a more favourable business climate, he noted.-VNA
