Vietnam takes the fourth position in the access-to-electricity index in 2019 in the Association of Southeast Asian Nations (ASEAN), with 82.2 points, according to the World Bank’s Doing Business report.
Vietnam has made considerable progress in terms of providing access to credit to become one of the top 25 global performers, according to the newly-released Doing Business Report 2020 produced by the World Bank.
The implementation of the Government’s Resolution 02/NQ-CP issued early this year has brought about improvements in the business environment, heard a working session on the impacts of the document held on June 12 under the chair of Deputy Prime Minister Vu Duc Dam.
Progress on deregulation of business prerequisites was still much below the goal, requiring greater cost-cutting efforts for businesses, the Central Institute for Economic Management (CIEM) told a conference in Hanoi on November 14.
Vietnam’s Getting Electricity indicator was ranked 27th among 190 countries and economies in the World Bank’s Doing Business report in 2018, up 37 places from last year.
The US Agency for International Development (USAID) will make every effort to assist Vietnam in improving the efficiency of civil judgment enforcement, said a USAID official.
The Electricity of Vietnam (EVN) Group and its subordinate firms cut down production and business costs by more than 1.25 trillion VND (55.2 million USD) in 2017.
The World Bank has ranked Vietnam 90 out of 189 countries in its latest report on the ease of doing business globally; also known as the Doing Business report, which was released on October 28.
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