Vietnam ranks 104th in the ease of doing business
Vietnam is ranked 104/175 countries in terms of the ease of doing business, down six ranks from last year’s 98, said the World Bank’s report released at a video conference on Launch of Doing Business 2007.
Vietnam’s down rank indicates that the country’s overall progress in regulatory reforms lags behind other countries and more is needed to be done to make Vietnam more competitive.
The down rank does not mean that Vietnam’s ease of doing business has not been improved but other countries have improved their ease of doing business more quickly and better than Vietnam, said Caralee McLiesh, programme manager and co-founder of the Doing Business Project of the World Bank Group.
This year’s report focuses on reform, updates indicators developed in the three preceding reports and covers 20 additional countries. The report presents quantitative indicators on business regulations and their enforcement compared across 175 countries.
WB’s ranking relies on 10 indicators: Starting a business, dealing with license, employing workers, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts and closing a business.
According to the Doing Business 2007 Report, Vietnam is among seven economies in East Asia which implemented one or more reforms that has improved the Doing Business indicators in the reported period.
Nhan Dan - September 6, 2006.
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