Concrete goals set for improving business environment/national competitiveness

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.

March 18, 2019 2:15 PM GMT+7

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