Composite Fabric,bonded fabric,Lamination Fabric Lamination Fabric News Vietnam’s business environment index ranks No. 1 in the world

Vietnam’s business environment index ranks No. 1 in the world



The Vietnam News Agency website reported: Recently, the World Bank announced the business environment index ranking of 189 economies. Vietnam ranked 90th, up 3 places from the previous year. Among the 11 indica…

The Vietnam News Agency website reported: Recently, the World Bank announced the business environment index ranking of 189 economies. Vietnam ranked 90th, up 3 places from the previous year.
Among the 11 indicators of the World Bank’s business environment, the indicators that Vietnam has improved are business establishment, construction permit applications, power supply and bank loans, property registration, small-scale investor protection, tax payment, bankruptcy liquidation, Indicators such as international trade and contract enforcement have declined. Enterprise establishment items are second only to Malaysia and Thailand in Southeast Asia. Taking a limited liability company in Ho Chi Minh City as an example, there are 10 administrative approval procedures required for its establishment and operation, and the time limit for completing each procedure is 20 days. In terms of construction permit applications, Vietnam ranks 12th in the world. At the bottom of the list are tax payment, bankruptcy liquidation and small-scale investor protection, with world rankings of 168, 123 and 122 respectively.

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