Doing Business: VN moves up 14 notches in business environment

09:32 - 02/11/2017

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

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