Improve the Provincial Competitiveness Index (PCI) in Lao Cai Province

The Provincial Competitiveness Index (PCI) is a result of the cooperation between the Vietnam Competitiveness Initiative (VNCI) Project and the Vietnam Chamber of Commerce and Industry (VCCI). The PCI is designed to assess the business environment, the quality of economic governance, and the administrative reform efforts of local governments, thereby promoting the development of the domestic private economic sector. According to the Vietnam Chamber of Commerce and Industry, in 2022, Lao Cai scored 68.2 points, ranking 11th out of 63 provinces and cities nationwide, up 14 places compared to 2021. The article provides a detailed assessment of the 10 component indicators of Lao Cai's Provincial Competitiveness Index in 2022. From there, it is possible to see which indicators have increased points and need to be promoted and which indicators have decreased points and need to be addressed. The article also provides some solutions to improve the provincial competitiveness index of Lao Cai Province.