As HCMC leads the BPI rankings thanks to its strengths in manufacturing, logistics and innovation, domestic firms such as Tan Hiep Phat Beverage Group are also expanding investment, building broader business ecosystems and taking a more active role in improving the business environment, reflecting rising expectations from the private sector for long-term growth and stronger national competitiveness. The Vietnam Chamber of Commerce and Industry (VCCI) on May 15 in Hanoi released the 2025 Vietnam Private Sector Report and the 2025 Provincial Competitiveness Index (PCI 2025). The event also marked the debut of the Business Performance Index (BPI) and the launch of PCI 2.0 after 21 years, expanding the focus from the business environment to the private sector’s growth capacity. From “business environment” to “business vitality” After more than 20 years as Vietnam’s benchmark for provincial economic governance, PCI 2025 marks a shift in VCCI’s approach. While PCI has traditionally measured transparency, administrative efficiency and the ease of doing business, VCCI this year introduced the Business Performance Index (BPI) to assess the private sector’s actual growth capacity and market performance. Rather than focusing solely on whether the business environment is favorable, BPI looks deeper into how businesses grow through indicators such […]