DDCI - a tool to promote business climate improvement
The Department and District Competitiveness Index (DDCI) is designed to build a transparent business environment and promote administrative reform in a locality, heard a conference held in Bac Ninh city, the northern province of Bac Ninh on October 25.
Bac Ninh (VNA) – The Department and District Competitiveness Index(DDCI) is designed to build a transparent business environment and promoteadministrative reform in a locality, heard a conference held in Bac Ninh city,the northern province of Bac Ninh on October 25.
At the event, which was jointly held by the Bac Ninh Institute forSocio-Economic Development Studies and the Friedrich Naumann Foundation forFreedom, participants clarified the significance of DDCI in improving theProvincial Competitiveness Index (PCI) and shared experience in building andimplementing DDCI in Bac Ninh and Quang Ninh provinces.
Speaking at the conference, Vice Chairman of the provincial People’s CommitteeNguyen Tien Nhuong said that Bac Ninh always sees improving business climate asits priority mission to build a transparent administrative system to attractinvestment.
DDCI is a breakthrough tool to promote administrative reform, he added.
The index has been carried out in Quang Ninh, Bac Ninh, Thua Thien-Hue, and PhuYen provinces.
BacNinh province first implemented and announced the index in 2016. It helpsmeasure the efficiency of economic management of the local government through eightcriteria, including transparency, proactivity of leadership, time costs ofregulatory compliance, informal charges, policy bias, legal institutions,business support and accountability of the leader.-VNA
Taking ideas from the provincial competitiveness index (PCI), the northeastern province of Quang Ninh launched the Department and District Competitiveness Index (DDCI) in 2015.
The northeastern province of Quang Ninh recorded economic growth of 10.16 percent in the first six months of 2018, the highest level in the last six years.
The northern province of Bac Ninh licensed 116 new foreign direct investment (FDI) projects worth 332.5 million USD in the first seven months of 2018, according to the provincial Department of Planning and Investment.
The northeastern province of Quang Ninh is sparing no efforts to maintain its top position in the provincial competitiveness index (PCI), said Chairman of the provincial People’s Committee Nguyen Duc Long.
The northern province of Bac Ninh has been considered as a magnet for foreign direct investment (FDI) attraction with the rising pull of investment in recent years.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Vietnam is now positioning itself as a global manufacturing hub with a diversified export portfolio, improved product quality, and enhanced price competitiveness.
At the conference (Photo: bacninh.gov.vn) 
