Vietnam drops its ranking in WB’s report

Vietnam dropped its rankings in the World Bank’s report “Doing Business 2015: Going Beyond Efficiency” that was issued on October 29.

Vietnam dropped to 78th on the report’s “Ease of doing business” over 189 economies, moving down six places compared to last year. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

The ranking drops in all five categories. On Starting a Business, the country was ranked at 125th, moving down five places compared to last year. In addition, it has seen a drop in Getting credit; Paying tax; Protecting Minimal Investors and Trading Across Border.

By Bao Minh - Translated by Uyen Phuong

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