Vietnam rises 22 places in WB’s “getting electricity” ranking

Vietnam moved up 22 places from 2014 to rank 108th in “getting electricity” this year, according to the World Bank (WB)’s “Doing Business 2016” report that collected data from 189 economies worldwide.

“Doing Business 2016” is the 13th in a series of annual reports that measure aspects of regulations affecting 10 areas of the life of a business: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, and resolving insolvency.

The “getting electricity” indicator measures the efficiency of the process of obtaining an electrical connection for a standardised warehouse. This is reflected in the procedures, time and costs required.

Vietnam’s “getting electricity” ranking made the biggest improvement among categories, Electricity Vietnam (EVN) said, adding that the report named Vietnam among 19 countries that have made it easier to access electricity.

EVN’s efforts this year greatly contributed to the success. It cut the number of days required for customers to get power access from 18 to 10 days.

Customers are now able to file an application for power access and track its progress on the State-owned firm’s official website, where all necessary information and application requirements are also available.-VNA