The correlation between the PCI and private investment capital in Bac Lieu Province

Abstract:

The Provincial Competitiveness Index (PCI), that assesses the effectiveness of economic governance in provinces. In Bac Lieu, the province has been making many efforts to develop the economy, such as attracting investment capital, especially private investment capital, which is of particular interest. This study aims to evaluate the impact of PCI index on attracting private investment capital in Bac Lieu province. This study uses a linear regression model to determine the correlation between the PCI components to attracting investment capital from the private sector in Bac Lieu province. The results show that land access, transparency, time costs, informal costs, dynamism, labor training impact the amount of private capital investment in Bac Lieu.