The Vietnam Chamber of Commerce and Industry recently organized a seminar on PCI 2.0 methodology and the Launching Ceremony of the Annual Vietnam Private Sector Economic Report Initiative, a program with the participation of Tan Hiep Phat Trading - Service Company Limited as a founding partner.

For the first time, VCCI and a Vietnamese enterprise have cooperated to implement the annual Vietnam Private Economic Report initiative

Regarding the goal of the initiative, according to the research team, the annual Vietnam Private Economic Report will be a periodically published, objective product, providing reliable reference information for policymakers, business support organizations, business associations, industry associations and the Vietnamese private business community.

The report will combine statistical data analysis, combined with reflecting the voices from the reality of enterprises on the process of accessing resources, implementing administrative procedures, digital transformation and sustainable development. On that basis, the annual publication report will propose practical policy recommendations to help improve the quality of local economic management, enhance provincial competitiveness, promote innovation and the development of the private economic sector in Vietnam.

Delegates and economic experts attended the seminar on PCI 2.0 methodology and the Launching Ceremony of the annual Vietnam Private Sector Economic Report Initiative

The program will apply the Provincial Competitiveness Index 2.0 methodology, an upgraded version of the PCI index implemented by VCCI over the past 20 years, updating new growth drivers such as digital transformation, innovation, green economic development and local governance quality.

PCI 2.0 will support provincial and municipal authorities to have a more solid foundation to promote improvements in the business investment environment in the new post-merger context, as well as implement the Central Government's strategic directions on economic development, science and technology, innovation, international integration, etc.

Economist, Dr. Nguyen Duc Kien – Former Head of the Prime Minister’s Economic Advisory Group shared his opinion at the seminar and the announcement ceremony of the initiative

VCCI implements this initiative with the accompaniment of Tan Hiep Phat Company as a founding partner. The cooperation between the research organization, representatives of the business community, stakeholders from central ministries and branches to local business associations and research experts will play a key role in perfecting the methodology and ensuring the applicability, effectiveness and objectivity of the report.

Economist Pham Chi Lan shared her views at the seminar

VCCI believes that through in-depth analysis reports and continuous dialogue between stakeholders, this Initiative will contribute to building a fair, transparent, open business environment and creating conditions for private enterprises to develop sustainably. VCCI representatives emphasized the desire for the Initiative to become a regular feedback channel between the business community and management agencies, helping policies to be adjusted promptly and in line with reality.

Deputy Secretary General, Head of the Legal Department of the Vietnam Chamber of Commerce and Industry (VCCI) Dau Anh Tuan shared about the significance of the program.

"From the perspective of VCCI - an organization representing the business community, the reporting does not require foreign funding but is accompanied and supported by Vietnamese private enterprises such as Tan Hiep Phat, which is an important milestone. I think this demonstrates the confidence of the Vietnamese people, confidence in domestic resources to promote positive changes for the country with Vietnamese people and Vietnamese resources" - Deputy Secretary General, Head of the Legal Department of the Vietnam Chamber of Commerce and Industry (VCCI) Dau Anh Tuan shared.

According to the representative of Tan Hiep Phat Company, the annual Vietnam Private Economic Report program of VCCI helps identify factors that hinder business activities and competitiveness of private enterprises. In addition to recommending the removal and resolution of obstacles, Tan Hiep Phat proposed that VCCI mention the fair competitive environment between business types in this report.

Mr. Nguyen Duy Hung, representative of Tan Hiep Phat Company, spoke at the event

"With the prestige and capacity of VCCI - the National organization representing the interests of the business community, with the success of VCCI through the Provincial Competitiveness Assessment Program (PCI) over the past 20 years, Tan Hiep Phat believes that the annual Vietnam Private Economic Report will make a practical contribution to the development of the private economic sector. Comprehensive and accurate data is the basis for policy and institutional reform. Transparency, commitment and dialogue will help policies come into life, help increase productivity and efficiency of businesses, and create market confidence. Vietnamese private enterprises will grow, contributing to Vietnam achieving the 2045 goal" - Mr. Nguyen Duy Hung emphasized.