Business

Vietnam shows significant improvement in business environment: EIU

Vietnam jumped 12 places in the Economist Intelligence Unit (EIU)’s latest business environment rankings which measure the attractiveness of doing business in 82 countries with 91 crucial indicators.
Vietnam shows significant improvement in business environment: EIU ảnh 1Vietnam shows significant improvement in the business environment. (Photo: VNA)
Hanoi (VNA) – Vietnam jumped 12 places in theEconomist Intelligence Unit (EIU)’s latest business environment rankings whichmeasure the attractiveness of doing business in 82 countries with 91 crucialindicators.

The report highlights that Vietnam, along with Thailand andIndia, is considered the Asian country that has made the most progress in termsof business environment development.

Thailand leaped 10 places and India six. Meanwhile, Singaporetopped the rankings.

In the first four months of this year, FDI channeled intoVietnam neared 8.9 billion USD, with new capital surging after a slightdecrease in the first three months.

According to the Ministry of Planning and Investment’sForeign Investment Agency (FIA), there were 750 new projects granted with investmentlicences worth over 4.1 billion USD, up 65.2% and 11.1% annually, respectively.

A total of 386 projects had their capital added for a totalof 1.66 billion USD, a 19.5% increase in quantity and reduction of 68.6% invalue against the same period last year. The growth, despite the associateddecrease, reflected investors’ confidence in Vietnam’s business climate anddecisions to expand their existing projects.

Also in the four months, foreign investors did 1,044transactions of capital contribution and share purchases, with theircontributed capital exceeding 3.1 billion USD, up 70.4% year-on-year. Theyinvested in 18 economic sectors, mostly in processing and manufacturing withover 5.1 billion USD or 57.8% of their total investment.

The number of countries and territories investing in Vietnamin the period amounted to 77. Singapore took the lead by pouring close to 2.2billion USD into the market, followed by Japan with nearly 2 billion USD andChina with 752 million USD./.
VNA
#Economist Intelligence Unit (EIU) #business environment #Vietnam’s business climate #FDI #Vietnam #Vietnam news #Vietnam News Agency
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