Vietnam’s electricity access index surges on WB business index
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.
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 (Photo: VNA)Hanoi (VNA) – 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 indicator was assessed based on procedures, time and cost to connect to the national grid, reliability in electricity provision and transparency of electricity cost.
It is the fifth consecutive year Vietnam’s Getting Electricity has improved. With 87.94 points, the highest level so far, Vietnam recorded the highest increase in the indicator in Southeast Asia.
Notably, the country surpassed the Philippines to claim the fourth place in the region. Rankings in electricity access surged 129 places from the 156th spot in 2013 to the current position.
The Electricity of Vietnam (EVN) said the indicator witnessed the highest increase among the 10 economic sectors covered by the report.
Vietnam is also among the top four countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) with the best electricity access.
The EVN noted it has implemented various measures to improve customer services recently, including the launch of an online portal and a 24/7 hotline.
This year, the electricity sector has worked with authorities nationwide to offer more services to businesses and people, as well as enhance transparency.
Technology application has also improved electricity provision in the past two years, the EVN added.-VNA
The indicator was assessed based on procedures, time and cost to connect to the national grid, reliability in electricity provision and transparency of electricity cost.
It is the fifth consecutive year Vietnam’s Getting Electricity has improved. With 87.94 points, the highest level so far, Vietnam recorded the highest increase in the indicator in Southeast Asia.
Notably, the country surpassed the Philippines to claim the fourth place in the region. Rankings in electricity access surged 129 places from the 156th spot in 2013 to the current position.
The Electricity of Vietnam (EVN) said the indicator witnessed the highest increase among the 10 economic sectors covered by the report.
Vietnam is also among the top four countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) with the best electricity access.
The EVN noted it has implemented various measures to improve customer services recently, including the launch of an online portal and a 24/7 hotline.
This year, the electricity sector has worked with authorities nationwide to offer more services to businesses and people, as well as enhance transparency.
Technology application has also improved electricity provision in the past two years, the EVN added.-VNA
You should also see
Prime Minister hosts Indonesian Foreign Minister
Prime Minister Pham Minh Chinh hosted a reception in Hanoi on April 23 for Indonesian Foreign Minister Retno Marsudi, who is now on an official visit to Vietnam and to co-chair the fifth meeting of the Vietnam-Indonesia Joint Committee on Bilateral Cooperation.
See more
Business
Capital shortage - headache for construction firms
Domestic construction companies will continue to face difficulties in the second quarter of this year with capital shortage top of their problems, a report has revealed.
Business
An Giang bosters border economy
The Mekong Delta province of An Giang, billed as an economic centre that links Ho Chi Minh city, Can Tho city and Cambodia’s Phnom Penh, has paid due attention to developing border trade and logistics infrastructure so as to tap its border economic potential.
Business
Corporate bond maturity in 2024 remains high: MoF
The volume of corporate bonds maturing in 2024, though lower than that in 2023, is till at a high level, mostly in industries with payment risks such as real estate and renewable energy, according to a report by the Ministry of Finance (MoF).
Business
Vietnam - an enticing destination for foreign investors: IMF expert
Vietnam is an attractive destination for foreign investors thanks to its high, stable growth, large domestic market and young, well-educated human resources, said Paulo Medas, head of the International Monetary Fund (IMF) team to Vietnam at the Annual Meetings of the IMF and the World Bank Group (WB) held recently in the US.
Business
More efforts needed to maintain export growth to China: Insiders
Exporters should further strengthen trade connections and improve the quality of their goods to sustain export growth to China as this is no longer a "lenient" market, said insiders.
