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Hai Phong ranks 12th out of 34 provinces and centrally-run cities on the Business Performance Index (BPI) for the private sector.
The Vietnam Chamber of Commerce and Industry (VCCI) launched the Bloomfield Private Index (BPI) alongside the upgraded PCI 2.0 framework, at a ceremony in Hanoi on May 15.
The move is being viewed as a significant shift in how Vietnam evaluates local economic growth, as the private sector is increasingly identified as a key driver of the national economy.
The new index consists of 23 criteria grouped around two major dimensions: private sector development and innovation capacity. Beyond measuring business size or revenue growth potential, the BPI also reflects levels of technological investment, product innovation and participation in value chains among local enterprises.
The results for 2025 showed Hai Phong ranks 12th out of 34 localities with an average score of 4.6. Ho Chi Minh City led the country with a score of 5.67 points, followed by Hanoi and Quang Ninh.
Hai Phong city has implemented a range of measures to improve the investment and business environment linked to administrative reform and digital transformation.
Along with improving the investment climate, Hai Phong continues to remove ‘bottlenecks’ to access land and capital for enterprises, and to strengthen links between private firms, state-owned enterprises and FDI companies.
The city aims to have about 87,000 operating enterprises by 2030. The city’s private-sector firms are expected to account for 3.5%–4% of the Top 500 largest private enterprises in Vietnam. Among them, at least two firms are expected to be ranked in the top 100 largest private enterprises in the country.
Hai Phong News
