Vietnam jumps five places in WB’s electricity access rankings

Workers at Uong Bi Thermal Power Plant. (Source: VNA)

Hanoi (VNA) – Vietnam has jumped five places to 96th position in terms of electricity access, one of the criteria the World Bank uses to rank 189 economies on the ease of doing business.

Factors like the number of procedures, and time and cost to be connected to electricity all improved from 2015. In particular, the time required for a business to obtain a permanent electricity connection for a newly constructed warehouse has reduced from 59 to 46 days.

Besides electricity access, improvement in four other criteria helped Vietnam rise nine spots in the overall ranking of ease of doing business.

According to WB, the shorter time required for getting an electricity connection is achieved by reducing both the number of procedures and the duration taken to carry out steps in providing electricity.

The Electricity of Vietnam group said it will continue with efforts to improve electricity access, boost transparency regarding electricity price, and enhance customer service quality and stability in electricity supply to boost competiveness of the economy and better serve customers and society.-VNA