Insights into PCI and DDCI as Key Metrics for Measuring Subnational Competitiveness in Vietnam

Abstract

The purpose of this study is to review and understand Vietnam’s measurement of competitiveness for its local authorities. This paper delves into the application of two fundamental metrics, namely the Provincial Competitiveness Index (PCI) and the Department and District Competitiveness Index (DDCI). As Vietnam continues its trajectory of rapid economic development and regional integration understanding the dynamics of competitiveness at subnational levels has great importance. Drawing upon an overview of the competitiveness concept, case study, and perspectives, the article provides a holistic understanding of subnational competitiveness metrics in Vietnam. Results offer valuable insights for policymakers, researchers, and stakeholders involved in subnational development strategies and economic governance frameworks in Vietnam and beyond. This study also indicates future opportunities and challenges within research on pillars/indices, indicators and their impacts on creating the ease of doing business at subnational level.

Keywords

• business environment
• competitiveness
• economic governance
• investment climate
• metrics