Business and Regulatory Environment

Description

The World Bank Doing Business Report (2013) ranked Viet Nam 99th out of 189 economies. Among its 10 categories, Viet Nam performs relatively better in dealing with construction permits and getting credit whereas protecting investors and getting electricity are not favourable. Vietnam has significantly advanced in the goods market efficiency, thanks to lower trade barriers. Liberalization of trade and foreign direct investment (FDI) has been integral parts of the structural reforms that contributed to improved competitiveness and thus export-led growth. Following its WTO accession, Viet Nam experienced a surge in FDI. Viet Nam’s attractiveness to foreign investors resulted from the country’s open government policies to encourage FDI, its geographical position close to global supply chains, and political and economic stability. Viet Nam’s economy remains an attractive destination for foreign investors and has the potential for long-term growth. One of the government’s greatest challenges remains fighting corruption. The Corruption Prevention Plan comprises five measures: improving the transparency of authorities and agencies, completing the economic management regime, building a fair and competitive business environment, improving supervision, surveillance, investigation and prosecutions and raising society’s awareness of its role in the fight against corruption (Bertelsmann Siftung 2012).

The Business Environment: Doing Business

Multilateral Trade Instruments

Abstract


The Trade Treaties Map tool is a web-based system on multilateral trade treaties and instruments designed to assist trade support institutions (TSIs) and policymakers in optimizing their country's legal framework on international trade

Instrument ratified :
Ratification rate :
Weighted score : /100
    Ratification Rate Rank Weighted Score Rank
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In Region :
In Development level :