Vietnam leaps nine notches as per WB Doing Business 2017 report

As per the World Bank’s flagship publication which was released on October 26, Vietnam is up nine spots in its report which ranks economies worldwide by measuring their business environment.

190 nations were listed in the WB’s report, Vietnam jumped from the 91st to the 82nd spot out of 190 economies measured in the Doing Business 2016: Equal Opportunity for All report.

In this year's survey, WB ranks economies based on ten indicators including setting up a business,  applying for a construction permit, taxation payment and electricity access...

Vietnam posted improvements in such indicators as getting electricity; protecting minority investors; paying taxes; trading across borders and resolving insolvency  while it fell in other indicators, including starting a business; dealing with construction permits; getting credit; registering property; and labor market regulation.

For the first time, Doing Business 2017 has a gender dimension in ten indicators including starting a business, registering property and enforcing contracts.

By Ham Yen – translated by Uyen Phuong

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