The EIU offers many categories on order to evaluate economic management activities over both the previous five years and the next five-year prospects of countries and regions, thereby assessing the quality or attractiveness of the business environment in 82 countries and economies globally.

A corner of Ho Chi Minh City.

The nations that improved the most in the EIU's ranking over the past year included Vietnam, Thailand, Belgium, Sweden, India, and Costa Rica.

Of these, Vietnam is considered to have the greatest motivation, increasing 12 places in the ranking, while Thailand rose by 10 places and India grew by six places.

In the 2023 EIU rankings, Singapore retained its position as the world's best place to do business for the 15th consecutive year and will continue to be the best place to conduct business over the next five years. Canada and Denmark shared the second place.

Meanwhile, the countries that were most significantly downgraded include China, Bahrain, Chile, and Slovakia. China is the country with the deepest drop globally, falling 11 places from a year earlier.

Foreign diplomats, businessmen gather to learn about Bac Ninh’s charms

The authorities of Bac Ninh and the Ministry of Foreign Affairs (MoFA) on April 7 co-organised an event on learning about the northern province’s charming features, which gathered close to 150 foreign and domestic diplomats and representatives of foreign organisations and business associations in Vietnam.

Businesses in Bac Giang IP plan to employ over 20,000 labours in second quarter

(BGO) – Many businesses in the industrial parks (IP) in Bac Giang province employed about 4,000 labours in the first quarter and planned to employ 20,000 people more in second quarter of 2023.

Bac Giang supports businesses to access land

(BGO) - Access to land and business premises is an important sub-index in the district and department competitiveness index (DDCI), contributing to promoting investment attraction and economic development in Bac Giang province. In recent years, districts and Bac Giang city as well as departments have focused on improving this sub-index, creating favorable conditions for enterprises to gain early land access.

Government eyes 50% increase in private businesses to 1.5 mln

The government plans to have 1.5 million privately owned businesses by 2025 to make the private sector an important driving force for the economy.

Enterprises optimistic about production and business in Q3

The majority of surveyed enterprises have provided positive evaluations about the production and business situation in the first 3 months of this year, according to a report on the operation of enterprises in the first quarter of 2023 recently released by the General Statistics Office.

Source: VNA