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Vietnam Today

WB: Vietnam 70/190 in Ease of Doing Business 2020 study

Released at: 13:40, 25/10/2019

WB: Vietnam 70/190 in Ease of Doing Business 2020 study

Photo: Viet Tuan

Latest doing business study released by World Bank Group.

by Doanh Doanh

Vietnam has been ranked 70th out of 190 economies on the ease of doing business in the latest Doing Business 2020 study released by the World Bank Group.

Brunei Darussalam, Laos, Papua New Guinea, and Vietnam all carried out two reforms. Vietnam upgraded the information technology infrastructure used by the General Department of Taxation, making the process of paying taxes easier for entrepreneurs. Brunei Darussalam began publishing reports measuring the performance of the Bandar Seri Begawan Intermediate Court. Among other initiatives, Laos made electricity access easier by deploying an automated Supervisory Control and Data Acquisition (SCADA) system for outage monitoring and service restoration.

Overall, the region’s economies focused reform efforts on improvements in the areas of dealing with construction permits and starting a business, with seven and five reforms, respectively.

Economies in the East Asia and Pacific region carried out 33 business climate-enhancing reforms during the past year, and while many economies made doing business easy for small and medium-sized entrepreneurs by global standards, the overall pace of reforms slowed.

The number of reforms in the region fell by ten over the 12-month period to May 1 and reforms were implemented in fewer than half of its economies (12 out of 25). Even so, five East Asia and Pacific economies are among the top 25 global performers, including Singapore (second), Hong Kong (China) (third), Malaysia (12th); Taiwan (China) (15th), and Thailand (21st). China is among the top 10 improvers for a second consecutive year.

“The reform impetus in the East Asia and Pacific region continues, with significant improvements made by some economies, such as China,” said Ms. Rita Ramalho, Senior Manager of the World Bank’s Global Indicators Group, which produces the study. “Sustained progress is key to improving the domestic business climate and enabling private enterprises.”

The region’s economies performed well in the areas of access to credit and electricity and dealing with construction permits. Connecting a newly-built warehouse to the electricity grid takes 63 days in the region, almost 12 days fewer than the average among high-income OECD economies. Likewise, obtaining a construction permit in the region takes 20 days fewer than among high-income OECD economies.

Rankings Data for East Asia & Pacific

Economy

Rank

(1-190)

Ease of doing business score (0-100)

# of Reforms

 
 

DB2020

DB2019

DB2020

DB2019

DB2020

 

Brunei Darussalam

66

69.6

70.1

3

2

 

Cambodia

144

53.8

53.8

1

0

 

China

31

74.0

77.9

7

8

 

Fiji

102

61.4

61.5

0

0

 

Hong Kong (China)

3

85.1

85.3

1

1

 

Indonesia

73

68.2

69.6

3

5

 

Kiribati

164

46.8

46.9

0

0

 

Laos

154

49.8

50.8

1

2

 

Malaysia

12

81.3

81.5

6

1

 

Marshall Islands

153

50.9

50.9

0

0

 

Micronesia, Fed. Sts.

158

48.1

48.1

0

0

 

Mongolia

81

67.7

67.8

1

0

 

Myanmar

165

43.5

46.8

2

5

 

Palau

145

53.7

53.7

0

0

 

Papua New Guinea

120

59.4

59.8

2

2

 

Philippines

95

60.9

62.8

4

3

 

Samoa

98

62.1

62.1

0

0

 

Singapore

2

85.8

86.2

2

1

 

Solomon Islands

136

55.2

55.3

0

0

 

Taiwan (China)

15

81.0

80.9

2

0

 

Thailand

21

79.5

80.1

4

1

 

Timor-Leste

181

39.7

39.4

1

0

 

Tonga

103

61.7

61.4

0

0

 

Vanuatu

107

60.7

61.1

0

0

 

Vietnam

70

68.6

69.8

3

2

 

Source: Doing Business database.

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