Vietnam rises four places in economic freedom ranking

Vietnam is 99th out of the 165 countries in the Economic Freedom of the World ranking by Canada’s Fraser Institute, up four places from last year.

Vietnam is 99th out of the 165 countries in the Economic Freedom of the World ranking by Canada’s Fraser Institute, up four places from last year.

Illustrative photo (Photo: VNA)

The institute has released its annual report with 2022 data. The rankings measure the degree to which the policies and institutions of countries are supportive of economic freedom, considering five metrics: size of government, legal system and property rights, sound money, freedom to trade internationally, and regulation.

Vietnam's scores and rankings improved continuously in the three consecutive years of 2020, 2021, and 2022. However, that was the time when the whole world had to fight the COVID-19 pandemic, so many countries have applied measures that significantly affected the economic freedom of their people.

In ASEAN, Singapore ranked second, Malaysia 29th, Philippines 59th, Indonesia 59th, and Thailand 65th.

In addition to Vietnam, four other ASEAN countries also have their rankings improved, namely Cambodia (up four places), Indonesia (two), Malaysia (14), and Philippines (nine).

In East Asia, Japan ranked 11th (up four places), followed by Taiwan (China) (19th, down eight places), and the Korea of Republic (32nd, up 13 places). China is ranked 104th, lower than Vietnam, but also up three places.

en.vietnamplus.vn

Economy

VNA
Economy

Vietnam makes bold step to improve business climate: VCCI report

Vietnam’s business and investment climate is showing marked improvements following sustained reform efforts, with enhanced access to business-related information and regulations, reduced unofficial costs, and effective administrative reforms, according to the latest survey by the Vietnam Chamber of Commerce and Industry (VCCI).

Binh Dinh seeks German investment in offshore wind power project
Economy

Binh Dinh seeks German investment in offshore wind power project

The central province of Binh Dinh always create favourable conditions for investor to explore opportunities and invest in the locality, the provincial Party Secretary Ho Quoc Dung said during a working session with Helga Margarete Barth, German Ambassador to Vietnam, and representatives from the German Chamber of Commerce and Industry in Vietnam (AHK Vietnam), and PNE Group on October 30.

Vietnam, Laos step up trade, tourism promotion
Economy

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).