[16 March. 2014] – Despite significant progress in the recent years, the socio-economic development in Northern Upland is lagging far behind other regions of the country. According to a household living standards survey by the General Statistics Office in 2012 , while the overall poverty rate in Vietnam is 11.1 %, the figure in the Northern Upland was as high as 24.2 %. The average per capita income in this area is also significantly lower than in many other areas. Therefore , creating a favorable business environment, attracting investment and promote the development of enterprises play an extremely important role in promoting the socio- economic localities in this region.
With support by the Friedrich Naumann Foundation
(Friedrich-Naumann-Stiftung für die Freiheit - FNF), the Vietnam Chamber of
Commerce and Industry (VCCI) - in collaboration with experts from Economica
Vietnam - conducted research on the business environment and investment climate
in the Northern Upland.
This study is an effort to contribute to creating a favorable business environment for provinces in the Northern Upland; improving of the quality of local economic governance, raising awareness of the local governments on the importance of the private sector business in the development of local economy and regional economy; promoting the sharing of experience and good practice in local economic governance among the provinces in the region, and strengthening the linkage between the provinces in the region.
It also attempts to enhancing the role of business associations in the public-private dialogue for the economic development in the Northern Upland.
Under the project, Economica Vietnam carry out an in-depth analysis on the PCI in all Northern Mountainous Region. The firm also carried out field trips to Thai Nguyen, Cao Bang, Tuyen Quang and reviewed good practices on PCI and economic governance improvement in other provinces across the countries. Economica Vietnam also supported in the communication work in order to support the spread of the lessons learnt, good practices. It also contributed to the Conference on Investment and ODA Promotion in the Northern Upland which was held in Phu Tho under the chairmanship of the Deputy Prime Minister Nguyen Xuan Phuc.