Provincial Competitiveness (PCI) of Bac Giang province, Vietnam: Current situation and solutions

Abstract

The research underscores the significant strides made by the province to bolster its economic competitiveness. Bac Giang's achievement of a remarkable PCI Index of 72.80 in 2022, ranking it second among Vietnam's provinces, is a testament to the potential for further improvement. This index signifies a substantial leap, as Bac Giang had not previously featured in the top 20. The success story results from effective administrative reform and the active participation of businesses and communities, particularly in the face of the challenges posed by the COVID-19 pandemic. A key pillar of Bac Giang's strategy is the continuous dialogue with businesses, effective resolution of issues, and promotion of transparency. Strategic recommendations for Bac Giang to sustain and enhance its competitiveness include further administrative reforms, digital transformation, and increasing public-private dialogues to ensure efficient and transparent governance.

Keywords: Provincial Competitiveness Index (PCI), Bac Giang, Administrative Reform

DOI: 10.7176/EJBM/16-5-06

Publication date: June 30th 2024