HCM City Post Office at night. HCM City authorities are striving to raise the Doing Business Index by 8-18 positions. — Photo news.zing.vn The HCM City People's Committee has released a plan to boost its Provincial Competitiveness Index (PCI) as well as improve the city's business and investment climate in 2018 and the following years. According to the plan, the City will take measures to improve the business environment indicators, especially with regard to the World Bank's Doing Business Index, with the aim of boosting the City's ranking by eight to 18 positions. Last year, Viet Nam ranked 68th in the World Bank's Doing Business Report. Targets for some specific indicators include: "starting a business" index will increase by at least 40 steps and the "enforcing contract" index and "resolving insolvency" index will rise by 10 steps each. These indicators had the lowest scores in the Doing Business 2018 Report. The southern economic hub only ranked eighth in the PCI 2017 Report, higher than Ha Noi (13 th position) but trailing behind the top three cities including Quang Ninh, Da Nang and Dong Thap. The city is committed to abolishing and simplifying 50 per cent of its business and investment… Read full this story
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