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Official Gazette

Tuesday, August 22, 2017

Vietnam jumps up in global competitiveness rankings

Updated: 12:38’ - 01/10/2015
Vietnam is ranked 56th out of 140 economies in national competitiveness during 2015-16, jumping up 12 places compared to the last year, according to a report released at the Global Investment Forum on September 30 in Hanoi.

Prime Minister Nguyen Tan Dung speaks at the Global Investment Forum in Hanoi__Photo: thanhnien.com.vn

According to the Global Competitiveness Report 2015-2016, Vietnam got a score of 4.3 points against 4.23 points in the 2014-15 report. In the Southeast Asia, the country is ranked 6th , following Singapore, Malaysia, Thailand, Indonesia, Philippines.

Speaking at the forum, Prime Minister Nguyen Tan Dung said Vietnam was striving to complete its market economy, improve legal and administrative frameworks, enhance human resources and develop infrastructure system, aiming to create an attractive investment environment.

He said the impending signing of new-generation free trade agreements, the modern infrastructure system, and the practice of public-private partnership together with public investment restructuring would facilitate business activities of both domestic and foreign investors.

Opportunities for foreign investors also arose from the privatization of state-owned enterprises, the increase of foreign ownership limits and the abolishment of caps on foreign holdings of government and corporate bonds, the cabinet leader stated.- (VNS/VLLF)
 

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