Concrete goals set for improving business environment/national competitiveness
14:15 | 18/03/2019
VGP – The Government has set out concrete goals for improving the country’s business environment and national competitiveness for 2019-2021 period in line with international standards, according to its Resolution No. 02 adopted in early January.

Ease of Doing Business ranking for ASEAN Countries. Source: ASEAN.org

No.

Name of index

Initiated by

Number of places up for 2019

Number of places up by 2021

I

General goals

1

Ease of Doing Business

World Bank

5-7

15-20

2

Global Competitiveness

World Economic Forum

3-5

5-10

3

Global Innovation

World Intellectual Property Organization

2-3

5-7

4

Logistics Performance

World Bank

 

5-10

5

Travel and Tourism Competitiveness

World Economic Forum

7-10

10-15

6

E-Government development

United Nations

 

10-15

(before 2021)

II

Specific goals for business environment improvement

7

Starting a Business

 

At least 5

20-25

8

Paying Taxes & Social Insurance

 

7-10

30-40

9

Dealing with Construction Permits

 

At least 1

2-3

10

Protecting Minority Investors

 

At least 5

14-19

11

Getting Electricity

 

3-5

5-7

12

Registering Property

 

5-8

20-30

13

Trading across Borders

 

3-5

10-15

14

Enforcing Contracts

 

At least 3

8-12

15

Resolving Insolvency

 

At least 3

10-15

III

Specific goals for competitiveness improvement

16

Burden of Government Regulation

 

At least 2

5 - 10 

17

Corruption Incidents

 

2-5

5-10

18

Quality of Land Administration

 

2-3

5-8

19

Infrastructure 

 

At least 1

3-5

20

ICT Adoption

 

At least 5

20-25

21

Quality of Vocational Training

 

At least 5

20-25

22

Market Capitalization

 

At least 5

10-15

23

R&D Expenditures

 

At least 2

6-10

24

Growth of Innovative Companies

 

At least 5

20-25

25

Companies Embracing Disruptive Ideas

 

At least 2

5-10

By Huong Giang

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