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Vietnam rises 14 places in the WB’s ease of doing business rankings

Vietnam rises 14 places in the WB’s ease of doing business rankings

 

HANOI: Vietnam climbed 14 places to 68th amongst 190 economies in the latest World Bank’s Ease of Doing Business 2018 rankings. It ranked fifth amongst ASEAN countries, with Singapore, Malaysia, Thailand, and Brunei leading the group. As per the report, significant improvements were made in the area of paying taxes, trading, enforcing contracts, access to credit, and electricity reliability.

The ranking measure the effectiveness and quality of regulations based on starting a business, resolving insolvency, enforcing contracts and paying taxes, as well as trading across borders, protecting minority investors, getting credit and registering property, along with getting electricity, dealing with construction permits and labor market regulation. The report covers the period from June 2 last year to June 1 this year.