Doing Business: VN moves up 14 notches in business environment
Viet Nam has made outstanding progress in improving the business environment, moving up 14 notches in the World Bank’s latest Doing Business rankings on October 31.
Comparison of indexes between 2016 and 2017
Viet Nam and Indonesia have taken the lead in launching 39 reforms over the recent 15 years globally.
With 67.93 points, Viet Nam ranked 68th out of 190 economies globally to do business, ahead of major economies in the East Asia-Pacific region, such as Indonesia (72nd) and China (78th), but behind Singapore (2nd), Malaysia (24th), Thailand( 26th) and Brunei (56th).
In the Doing Business 2017 report, Viet Nam climbed nine steps to 82, up nine notches compared to the previous year.
At present, an entrepreneur in Ho Chi Minh City spends 22 days and 6.5% income per capita registering a new company, compared to 61 days and 31.9% in 2003.
Doing Business 2018, a World Bank Group flagship publication, presents quantitative indicators on business regulations and the protection of property rights that can be compared across 190 economies.
source: news.chinhphu.vn
More Articles
- • Total FDI attraction touches US$ 28.2 billion in Jan-Oct
- • The 34th ASPA Board of Directors Meeting was held in Vietnam
- • Two Vietnamese universities ranked among Asia’s top 150
- • Quick view on VN's first-9-month indicators
- • Top 50 leading IT firms announced
- • Tourism sector growing ‘Smart’ trend
- • Policies effective from October
- • GDP growth rate reaches peak in Q3
- • News in Photos: Groundbreaking ceremony of Hanwha Aero Engines
- • Hoa Lac Hi-tech Park: Hanwha Aero Engines Project to make groundbreaking
