2015年-世界发展银行全球_Doing_Business_Economy_Profile_2016___Vietnam_111页_2mb

Doing Business 2016: Vietnam Summary

Core Content

The Doing Business 2016 report evaluates the regulatory environment for small to medium-sized businesses across 189 economies, focusing on 11 key areas. It provides data and analysis to help policymakers understand how to improve business regulations and identify effective reforms. Vietnam's performance in these areas is analyzed alongside comparator economies and the global best performers.

Main Topics and Indicators

1. Starting a Business

• Rank (DB2016): 119
• DTF Score (DB2016): 81.25
• Procedures (DB2016): 10
• Time (days): 20
• Cost (% of income per capita): 4.9
• Paid-in minimum capital (% of income per capita): 0.0

Vietnam has improved its ranking from 125 in DB2015 to 119 in DB2016, reflecting some progress in reducing the number of procedures and costs. However, it still lags behind the global best performer, New Zealand.

2. Dealing with Construction Permits

• Rank (DB2016): 12
• DTF Score (DB2016): 82.21
• Procedures (DB2016): 10
• Time (days): 166
• Cost (% of warehouse value): 0.8
• Building quality control index (0-15): 14.0

Vietnam has maintained its rank and score in this area, but the time and cost remain relatively high compared to global best performers like Singapore. The building quality control index has improved slightly.

3. Getting Electricity

• Rank (DB2016): 108
• DTF Score (DB2016): 63.34
• Procedures (DB2016): 6
• Time (days): 59
• Cost (% of income per capita): 1,322.6
• Reliability of supply and transparency of tariff index (0-8): 3.0

Vietnam has improved its DTF score from 56.91 in DB2015 to 63.34 in DB2016. However, it still faces challenges in electricity cost and reliability, with a score significantly lower than the global best performer, South Korea.

4. Registering Property

• Rank (DB2016): 58
• DTF Score (DB2016): 70.6
• Procedures (DB2016): 5
• Time (days): 57.5
• Cost (% of property value): 0.6
• Quality of the land administration index (0-30): 14.0

Vietnam has a relatively high DTF score compared to other Southeast Asian economies, but the process is still more cumbersome than in the global best performer, New Zealand. The quality of land administration remains a key area for improvement.

5. Getting Credit

• Rank (DB2016): 28
• DTF Score (DB2016): 70
• Strength of legal rights index (0-12): 7.0
• Depth of credit information index (0-8): 7.0
• Credit registry coverage (% of adults): 41.5
• Credit bureau coverage (% of adults): 6.9

Vietnam has made progress in credit-related indicators, with a DTF score of 70. However, credit registry coverage is low, and the country is still far from the global best performer, New Zealand.

6. Protecting Minority Investors

• Rank (DB2016): 122
• DTF Score (DB2016): 45
• Strength of minority investor protection index (0-10): 4.5
• Extent of conflict of interest regulation index (0-10): 3.7
• Extent of shareholder governance index (0-10): 5.3

Vietnam's performance in protecting minority investors is below average. It lags significantly behind Singapore, the global best performer, in both ranking and score. The shareholder governance index has improved slightly, but the overall regulatory environment remains weak.

7. Paying Taxes

• Rank (DB2016): 168
• DTF Score (DB2016): 45.41
• Payments (per million): 30.0
• Total tax rate (% of profit): 39.4
• Time (hours per year): 770.0
• Total tax rate (best performer): 25.90 (Ireland)

Vietnam has a poor ranking and score in paying taxes. The total tax rate is high, and the time spent on tax compliance is also significant. It is far behind the global best performer, the United Arab Emirates.

8. Trading Across Borders

• Rank (DB2016): 99
• DTF Score (DB2016): 67.15
• Time to export: Border compliance (hours): 57
• Cost to export: Border compliance (USD): 309
• Time to export: Documentary compliance (hours): 83
• Cost to export: Documentary compliance (USD): 139
• Time to import: Border compliance (hours): 64
• Cost to import: Border compliance (USD): 268
• Time to import: Documentary compliance (hours): 106
• Cost to import: Documentary compliance (USD): 183

Vietnam's performance in trading across borders is moderate, but the time and cost to export and import remain high. It is ranked 99, behind countries like Denmark, and the DTF score has slightly improved from 67.15 in DB2015.

9. Enforcing Contracts

• Rank (DB2016): 74
• DTF Score (DB2016): 60.22
• Time (days): 400
• Cost (% of claim): 29.0
• Quality of judicial processes index (0-18): 6.5

Vietnam's ranking and score for enforcing contracts are relatively high, but the time and cost to enforce contracts are still substantial. The judicial process quality index is low, indicating room for improvement.

10. Resolving Insolvency

• Rank (DB2016): 123
• DTF Score (DB2016): 35.83
• Recovery rate (cents on the dollar): 20.1
• Time (years): 5.0
• Cost (% of estate): 14.5
• Strength of insolvency framework index (0-16): 8.0

Vietnam's insolvency resolution process is among the worst globally. The recovery rate is low, and the time to resolve insolvency is high. It is far behind Finland, the global best performer.

Key Information

• Region: East Asia & Pacific
• Income Category: Lower middle income
• Population: 90,730,000
• GNI per capita (US$): 1,890
• DB2016 Rank: 90
• DB2015 Rank: 93
• Change in Rank: +3
• DB2016 DTF: 62.1
• DB2015 DTF: 60.35
• Change in DTF: +1.75

Vietnam has shown some improvement in the overall ease of doing business ranking and DTF score from 2015 to 2016. However, it still has significant room for improvement in several key areas, particularly in paying taxes, resolving insolvency, and protecting minority investors.

Methodology Notes

• The report includes changes to several indicators, including the addition of new metrics such as the quality of building regulation, reliability of electricity supply, and quality of judicial processes.
• The labor market regulation indicators are not included in the overall ease of doing business ranking or DTF score.
• Data is current as of June 1, 2015, except for paying taxes, which covers January–December 2014.
• The methodology excludes factors like market proximity, infrastructure quality (except for electricity and trade), and macroeconomic conditions.

Conclusion

Vietnam has made some progress in improving its regulatory environment for businesses, particularly in starting a business, dealing with construction permits, and registering property. However, it still faces major challenges in areas such as paying taxes, resolving insolvency, and protecting minority investors. The report highlights the importance of targeted reforms to enhance the efficiency and quality of regulatory processes, aligning with global best practices.