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Vietnam ranked 90th globally regarding ease of doing business

by VTV429 October 2015 Last updated at 09:14 AM

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Vietnam ranked 90th globally regarding ease of doing business
VTV.vn - Vietnam is 90th in a ranking of 189 countries in terms of its business environment, according to the World Bank’s Doing Business 2016 report.

The rank is seen as an improvement as Vietnam’s comparable 2015 result taking into account revised data and methodologies would have put the country 93rd.

The country ranks before the Philippines, Indonesia and Laos, but after Malaysia, Thailand, and China. Out of the 11 sets of indicators used to determine each economy’s rank, Vietnam made improvements in starting a business, providing electricity, accessing credit, paying taxes and dealing with bankruptcy.