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Vietnam's Business Environment Growth

Vietnam has experienced significant improvements in its business environment since the early 2000s, particularly after joining the WTO in 2007. Key indexes such as Starting a Business and Trading Across Borders show a positive trend, although areas like Enforcing Contracts still lag behind. Overall, while Vietnam's ease of doing business has improved, further reforms are necessary.

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3 views1 page

Vietnam's Business Environment Growth

Vietnam has experienced significant improvements in its business environment since the early 2000s, particularly after joining the WTO in 2007. Key indexes such as Starting a Business and Trading Across Borders show a positive trend, although areas like Enforcing Contracts still lag behind. Overall, while Vietnam's ease of doing business has improved, further reforms are necessary.

Uploaded by

givemeanangel07
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© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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I choose Vietnam as the country of analysis because it is a fast-growing developing economy

and has actively improved its business environment since the early 2000s, especially after
joining the WTO in 2007.

Since the beginning of the 21st century, the ease of doing business in Vietnam has generally
improved. The government has implemented many reforms to reduce administrative
procedures, attract foreign investment, and support private enterprises. As a result, Vietnam
has become a popular destination for manufacturing and international trade.

Using the World Bank’s Doing Business Historical Data, several key indexes can be selected, such
as:

Starting a Business

Trading Across Borders

Getting Credit

Enforcing Contracts

These indexes are constructed based on quantitative indicators like the number of procedures,
time, cost, and legal requirements needed to complete specific business activities. For example,
the “Starting a Business” index measures how many steps and how much time it takes to legally
establish a company.

Graphs based on the data show a clear improving trend in most indexes over time, especially in
starting a business and trading across borders. However, some areas such as enforcing contracts
still improve slowly.

In conclusion, Vietnam’s ease of doing business has improved overall since the 21st century,
although there is still room for further reform.

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