Vietnam ranks 99th on World Bank business-friendly list

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Vietnam has slid one place to 99th on a slightly enlarged World Bank business-friendliness index.

The country actually improved in the “distance to frontier” measure created by evaluating the best performers, but the list this year has 189 economies compared to 183 last year.

Vietnam’s 38.87 percentage points distance represents an improvement of 0.69 points. 

The bank’s latest “Doing Business” study, which analyzes the period from July 2012 to June this year, said Vietnam has improved protection for investors by mandating greater disclosure by listed companies about related-party transactions.

In the category of “protecting investors,” one of the 10 the bank focuses on to rank economies, the country moved up 12 places to 157th.

The country issued its first private credit bureau license during the period.  

Though Vietnam has implemented the highest number of reforms in the East Asia and Pacific since 2005, a World Bank press release said, its ranking “has not improved much over the years.”

It “needs to do even more.”

Vietnam’s rankings were also low in the categories of starting a business (109th), paying taxes (149th), resolving insolvency (149th), and getting electricity (156th).

Besides first-placed Singapore, Vietnam also trails several countries in the region like Brunei, China, Malaysia, and Thailand.

Malaysia has climbed to sixth position, its first ever entry into the top 10.

 

 

Source : Thanh Nien Daily | October 29, 2013

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Thomas D'Innocenzi is a highly accomplished, results-focused senior international executive with extensive experience in global sourcing and market development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global sourcing operations worldwide. Extensive experience in international market development operations to accommodate rapid growth. Skilled in building top-performing teams, benchmarking performance, and restricting organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. As principal of Nova Advisors, LLC I’ve assembled an exemplary team that brings with them the knowledge and experience gained from starting up a Global Sourcing program with multiple Fortune 500 companies as well as the largest supplier network throughout the Asia-Pacific region. We have experience and expertise in more than a thousand medical and pharmaceutical products in manufacturing and sourcing at the best value. The right product, the right price point and the right branding fueled these successes that resulted in double-digit growth for top line sales and bottom line net margins for our customers. What sets us apart: • Our reach includes a large network of suppliers & manufacturers spanning 13 countries in Asia-Pacific region • We understand the manufacturing process and the business of the supplier and the buyer • Our company culture is based on quality assurance and our process is based on local quality control Our commitment is to be your partner offering the best products and services at the lowest cost. Contact me to discuss how we can make the global marketplace work for you. thomas@novaadvisors.com In addition, I am open to discussing opportunities in global sourcing, international marketing & sales, logistics and medical/pharma in Thailand, Vietnam, Malaysia, Philippines & Japan. Aside from my work I enjoy piano, astronomy, physics, and assisting my daughters with their studies. SPECIALTIES: Global Sourcing, Supply Chain Management, Business Development, Marketing, Logistics, Global Networking, Market Development, Healthcare Solutions, Pharmaceuticals, Medical Devices, Technology, Asia, Southeast Asia, US and Canada
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