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Vietnam records biggest increasein EIU's global business environment ranking

by VTV424 May 2023 Last updated at 08:00 AM

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Vietnam records biggest increasein EIU's global business environment ranking
VTV.vn - Vietnam jumped 12 positions in the latest Global Business Environment Rankings released by the Economist Intelligence Unit (EIU) under the UK's Economist Group for the second quarter of this year.

The rankings, which measure the attractiveness of doing business in 82 countries and economies globally, showed that, over the past year, Vietnam has made the largest improvement in its business environment, followed by Thailand (10 places) and Belgium (six places).

The assessment is based on data collected throughout the year, considering factors such as global economic chains, inflation, the cost of living, fiscal and monetary policy, and economic growth.

Vietnam's rise was attributed to its favourable policies for foreign investment and its status as an appealing alternative market for firms looking to diversify their supply chains in other Asian markets.