Want to be in the loop?
subscribe to
our notification
Business News
CITY SURVEYS 15,000 ENTERPRISES TO ASSESS GOVERNMENT’S COMPETITIVENESS
HCM City is carrying out a survey of more than 15,000 firms, cooperatives, and business households as part of its 2023 Department and District Competitiveness Index (DDCI).
The survey aims to gather feedback from the businesses and evaluate the competitiveness of the city’s 22 districts, including Thủ Đức City, and 17 departments.
This year, emphasis will be placed on the participation of foreign direct investment (FDI) businesses to assess the effectiveness of investment attraction policies in the city.
The survey will encompass a range of indicators such as transparency, efficiency of departments and agencies, costs, fair competition, business support activities, legal institutions, and the roles of leaders within these organisations.
In addition, factors such as land access, stability of land use, green index, health, and the environment will also be evaluated.
The objective of the index is to assist the city’s departments, agencies, and districts in identifying their strengths and weaknesses, enabling them to make necessary adjustments to create a more favourable environment for investment, production, and business activities across all sectors.
Võ Văn Hoan, vice chairman of the People’s Committee, said to ensure transparency, the city would invite experts from reputable domestic and foreign business associations, institutes, and universities to participate in the assessment process.
While these experts would provide recommendations and solutions based on the survey results, they would not be allowed to interfere with or influence the final outcomes.
The survey results will be announced in February of next year.
In addition to the DDCI, the country’s second largest city is also working on improving other indices such as the Public Administration Reform Index (PAR Index), Public Administration Performance Index (PAPI), and Provincial Competitiveness Index (PCI).
This is the second year that the city has conducted the survey.
According to DDCI results from the previous year, which were released in May 2023, the Department of Science and Technology ranked first in the index, followed by the HCM City Export Processing and Industrial Zones Authority, the Department of Industry and Trade, the Department of Culture and Information, and the Department of Justice.
These departments also achieved high scores in criteria such as transparency and access to information, application of information technology and digital transformation, costs, fair competition, business support, legal institutions, creative dynamism, and effectiveness.
The Department of Labour, Invalids, and Social Affairs ranked at the bottom, ahead of the Department of Natural Resources and Environment and the Department of Transport.
Regarding districts, Phú Nhuận District emerged as the top performer with a score of 78.56, followed by District 11, District 10, and Tân Phú District.
Thủ Đức City, which was formed through the merger of HCM City’s districts 2 and 9 and Thủ Đức District in 2020, ranked at the bottom, ahead of Bình Chánh and Củ Chi outlying districts.
Over 15,000 firms, cooperatives, and business households were invited to participate in the first survey from December 2022 to the end of January 2023.
Source: VNS
Related News
CHW30200 LUGGAGE – THE IDEAL TRAVEL COMPANION FOR MODERN JOURNEYS
• Compact & practical design – easy to carry on any trip• Optimized storage space – keep your belongings organized and efficient• Durable construction – enhanced protection for your essentials on the go
OKTOBERFEST VIETNAM 2026 RETURNS @ WINDSOR PLAZA HOTEL
Save up to 25% until 31 August 2026! For 30+ Tickets, contact Hotline for exclusive offers. From 23 - 26 September 2026, don't miss your chance to immerse yourself in the vibrant atmosphere of Oktoberfest Vietnam - one of Saigon's most anticipated celebration of German culture, cuisine and music. Inbox us to secure your ticket or contact.
THE REVERIE SAIGON’S MOONCAKE COLLECTION 2026 - THE MOONLIT BLOSSOMS
Inspired by the autumn full moon, blooming Osmanthus, and vibrant Peonies, The Reverie Saigon presents The Moonlit Blossoms collection, featuring three exquisite masterpieces that celebrate harmony, prosperity, and the joy of reunion. Discover more & Place your order: https://www.thereveriesaigondining.com/mooncake-collection-2026
GOV’T PROPOSES REDUCING INCOME TAX BY 30% FOR BUSINESS WITH REVENUE OF VND10 BLN
The Government is preparing to submit to the National Assembly a proposal to reduce income tax by 30 percent in the 2026–2027 period for business households, individuals, and enterprises with annual revenue up to VND 10 billion (US$381,621). The Government also proposes a 30 percent reduction in personal income tax for micro-enterprises with annual revenues of up to VND 10 billion in 2026 and 2027.
HÀ NỘI SEEKS NEW GENERATION OF FDI TO POWER TECH, INNOVATION-LED GROWTH
After more than three decades as one of Việt Nam's leading destinations for foreign investment, Hà Nội is entering a new phase, shifting its focus from attracting capital in volume to drawing technology-intensive investment that can help transform the capital into a regional hub for research, innovation and high-tech industries.
BANK COUPON RATE HITS RECORD HIGH OF 10% PER YEAR
Amid surging demand for capital, commercial banks have been ramping up bond issuance, with rates reaching a record high of 10 per cent per year. Sacombank has recently announced the completion of three private bond placements in July, raising a total of VNĐ3.65 trillion (US$139 million) to raise medium- and long-term capital, strengthen financial capacity, enhance risk resilience and meet regulatory capital requirements.
























