VN boosts ‘ease of business’
VIETNAM MOVED up nine notches in the World Bank’s “Doing Business 2017” report. The country climbed to 82nd position from 91st last year, in the list covering more than 190 economies.
“Doing Business 2017” is the 14th in a series of annual reports measuring the regulations that enhance business activity and those that constrain it. The report presents quantitative indicators on business regulations and the protection of property rights that can be compared across 190 economies over time.
In this year’s survey, which was released on Tuesday, the World Bank ranked economies based on 10 criteria: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, and resolving insolvency. For Vietnam, sectors that saw improvement included protecting minority investors, paying taxes, trading across borders, getting electricity and resolving insolvency.
Of these, the country’s “protecting minority investors” criterion jumped 31 notches to 87th position this year. Meanwhile, the “starting a business” dropped 10 notches compared with last year.
In Southeast Asia, Viet-|nam’s position is in the middle, following Singapore (2), Malaysia (23) and Thailand (46). This year, Singapore has lost its top position to New Zealand on the overall list after leading for 10 consecutive year.
