2016年-世界发展银行全球_Doing_Business_Economy_Profile_2017___Vanuatu_107页_1mb

Doing Business 2017: Vanuatu Summary

Core Content

The Doing Business 2017 report by the World Bank provides a comprehensive analysis of the regulatory environment for small to medium-sized businesses in Vanuatu, comparing it with other economies in the Pacific region and globally. It measures and tracks changes in regulations across 11 key areas of the business life cycle, including starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, resolving insolvency, and labor market regulation. Vanuatu's data for the labor market regulation indicators are presented in the report, but these are not included in the aggregate ranking or the distance to frontier score.

The report highlights the importance of understanding how regulatory environments affect business operations and economic outcomes. It emphasizes that while the methodology provides valuable insights, it does not cover all aspects of the business environment, such as proximity to large markets, infrastructure quality, or macroeconomic conditions.

Key Indicators and Performance

Ease of Doing Business Ranking

• Vanuatu DB2017 Rank: 83
• Vanuatu DB2016 Rank: 88
• Change in Rank: Improved by 5 positions
• Distance to Frontier (DTF) Score (2017): 63.66
• Distance to Frontier (DTF) Score (2016): 61.45
• Change in DTF: Increased by 2.21 points

Starting a Business

• Rank: 126 (DB2017)
• DTF Score: 81.24
• Procedures (Men): 7
• Time (Men): 18 days
• Cost (Men): 44.3% of income per capita
• Procedures (Women): 7
• Time (Women): 18 days
• Cost (Women): 44.3% of income per capita

Dealing with Construction Permits

• Rank: 134 (DB2017)
• DTF Score: 61.91
• Procedures: 14
• Time: 64 days
• Cost: 7.8% of warehouse value
• Building Quality Control Index (0-15): 5.0

Getting Electricity

• Rank: 81 (DB2017)
• DTF Score: 72.00
• Procedures: 4
• Time: 120 days
• Cost: 1091% of income per capita
• Reliability of Supply and Transparency of Tariff Index (0-8): 5.0

Registering Property

• Rank: 81 (DB2017)
• DTF Score: 65.63
• Procedures: 4
• Time: 58 days
• Cost: 7.0% of property value
• Quality of Land Administration Index (0-30): 18.5

Getting Credit

• Rank: 20 (DB2017)
• DTF Score: 75.00
• Strength of Legal Rights Index (0-12): 11.0
• Depth of Credit Information Index (0-8): 4.0
• Credit Bureau Coverage (% of Adults): 9.6
• Credit Registry Coverage (% of Adults): 0.0

Protecting Minority Investors

• Rank: 106 (DB2017)
• DTF Score: 50.00
• Strength of Minority Investor Protection Index (0-10): 5.0
• Extent of Conflict of Interest Regulation Index (0-10): 5.3
• Extent of Shareholder Governance Index (0-10): 4.7

Paying Taxes

• Rank: 54 (DB2017)
• DTF Score: 80.6
• Payments (Per Year): 31
• Time (Hours Per Year): 120 hours
• Total Tax Rate (% of Profit): 8.5%
• Postfiling Index (0-100): 80.0

Trading Across Borders

• Rank: 145 (DB2017)
• DTF Score: 56.27
• Time to Export (Border Compliance): 38 hours
• Cost to Export (Border Compliance): $709
• Time to Export (Documentary Compliance): 72 hours
• Cost to Export (Documentary Compliance): $282
• Time to Import (Border Compliance): 126 hours
• Cost to Import (Border Compliance): $681
• Time to Import (Documentary Compliance): 48 hours
• Cost to Import (Documentary Compliance): $183

Enforcing Contracts

• Rank: 130 (DB2017)
• DTF Score: 51.13
• Time: 430 days
• Cost (% of Claim): 56.0%
• Quality of Judicial Processes Index (0-18): 7.5

Resolving Insolvency

• Rank: 93 (DB2017)
• DTF Score: 42.85
• Recovery Rate (Cents on the Dollar): 44.8 cents
• Time: 2.6 years
• Cost (% of Estate): 38.0%
• Strength of Insolvency Framework Index (0-16): 6.0

Main Points and Insights

• Comparative Analysis: The report compares Vanuatu's performance with other Pacific economies and the global best performers, highlighting areas where Vanuatu has improved and where it still lags behind.
• Gender Component: For the first time, the report includes a gender dimension in some indicators, measuring the differences in procedures and costs for men and women entrepreneurs.
• Methodological Updates: The 2017 edition introduces new components such as postfiling processes in the paying taxes indicator and a new pilot indicator on selling to the government.
• Regional Performance: Vanuatu's performance in several areas is better than some of its regional peers but still far behind top performers like New Zealand and Singapore.
• Regulatory Reforms: The report emphasizes the importance of identifying regulatory bottlenecks and supporting reforms that can improve the ease of doing business and promote equal opportunity for all entrepreneurs.

Conclusion

Vanuatu's regulatory environment for businesses has shown some improvement in the 2017 edition of the Doing Business report. However, there are still significant challenges in areas such as starting a business, getting electricity, and resolving insolvency. The inclusion of a gender dimension and methodological updates provides a more nuanced understanding of the business environment, helping policymakers identify and address specific issues that affect different groups of entrepreneurs. Overall, Vanuatu's performance in the Doing Business rankings remains relatively low, indicating a need for continued reform to enhance business opportunities and economic growth.