The launch comes as Vietnam embarks on unprecedented reforms, including reducing the number of provincial-level administrative units from 63 to 34, transitioning to a two-tier local administration model, and institutionalizing Politburo Resolution 68, which for the first time identifies the private sector as a key driving force of the national economy.
This marks the first time VCCI has introduced the Vietnam Private Economic Report and the Business Performance Index (BPI), which are designed to assess the effectiveness and innovation capacity of the private sector. The index was developed from one of the most comprehensive surveys of Vietnam’s private economy in recent years, covering more than 3,500 domestic private enterprises, 586 foreign-invested enterprises and over 1,000 business households nationwide.
Pilot BPI 2025 results placed Ho Chi Minh City first, followed by Hanoi and Quang Ninh.
“The survey findings suggest that Vietnam’s private sector has moved beyond a defensive phase and is preparing for breakthroughs. Business confidence is recovering strongly. While institutional reforms are moving in the right direction, significant gaps remain between central-level policy design and implementation capacity at the local level. To achieve the target of 2 million businesses by 2030, we must shift from a mindset of control to one of partnership, and from merely reducing administrative burdens to fostering competitiveness,” said VCCI Chairman Ho Sy Hung.
After 21 consecutive years, the 2026 report introduces PCI 2.0, a redesigned version of the widely recognized index. Instead of publishing conventional rankings, VCCI grouped provinces and cities into six categories of governance quality, reflecting the differing conditions following provincial mergers and aligning with international practices.
Five localities are recognized as top performers in alphabetical order: Bac Ninh, Da Nang, Hai Phong, Phu Tho and Quang Ninh.
