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Image : Veterans Day 2016 quotes and sayings: Inspirational thoughts on honoring ...

Veterans Day 2016 quotes and sayings: Inspirational thoughts on honoring ...

person Orange Themes access_time Nov 12,2016

Veterans Day 2016 quotes and sayings: Inspirational thoughts on honoring ... "On this Veterans Day, let us remember the service of our veterans, and let us renew our national promise to fulfill our sacred obligations to our veterans and their

Image : Roberto Cabanas, who played for Cosmos, Paraguay, dies at 55

Roberto Cabanas, who played for Cosmos, Paraguay, dies at 55

person Orange Themes access_time Jan 09,2017

Yahoo News ASUNCION, Paraguay (AP) — Roberto Cabanas, who was a top striker for various clubs and Paraguay, died on Monday in the capital Asuncion. He was 55.

Image : Australian Open: Kerber draws on experience of last year

Australian Open: Kerber draws on experience of last year

person Orange Themes access_time Jan 17,2017

Angelique Kerber Australian Open: Kerber draws on experience of last year In the same vein as Kerber needing time to warm up to the rhythm of the match, the oldest woman in the draw 36-year-old Venus Williams was hunched over her racquet at times

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Fostering an equal and transparent business environment

access_time Mar 18,2017 chat_bubble_outline 37 views
Fostering an equal and transparent business environment

Compared with 2015, the most visible positive changes can be seen in areas such as the proactivity of provincial and municipal authorities, labour training and business registration. However, administrative procedures, land access, legal institutions and policy bias remain areas causing significant obstacles for domestic enterprises.


The 2016 PCI survey has revealed signs of a positive business environment with 65% of enterprises reporting profits, the highest level in five years. For the first time in 12 years, the average capital size of domestic enterprises has reached a record of VND18.1 billion, more than double the 2016 size at VND7.5 billion. Enterprises continue to be optimistic about the business outlook with 48% expected to expand their businesses in the next two years, roughly equivalent to the 2015 level. There are also positive signs in the FDI sector when 11% of foreign firms increased their investments in existing operations and 63% added new employees to their payrolls. In addition, more than 50% of investors plan to expand their operations over the next two years.


However, many firms are still concerned about an unequal business environment and difficulty accessing budget and planning documents. Post-registration procedures still need to be simplified to reduce the costs of compliance. According to the report, 38% of businesses claimed that provincial authorities usually favour State-owned enterprises in land access, credit and government procurement. More than 42% agreed that provincial authorities seem to prioritise FDI attraction over domestic private sector development.


Although the PCI rankings only have a relative significance, they can be a necessary source of reference for provincial and municipal authorities because they reflect the exact nature of what enterprises think about their economic governance.


Thanks to the PCI, many provinces and cities have taken bold reforms to promptly address difficulties facing enterprises by introducing appropriate policies and mechanisms. The importance of the PCI does not lie in the level of rankings but each locality’s degree of business friendliness.


Equal competition is one of the ten sub-indices of the PCI, reflecting the evaluation and expectations of the domestic business community about an equal business environment. In other words, improving a province or city’s performance is not intended to improve their position in the rankings but to create the best possible conditions to help firms develop their business.

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New Zealand beats Pakistan by 8 wickets in 1st test

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