{"id":14711,"date":"2020-10-28T23:45:47","date_gmt":"2020-10-28T16:45:47","guid":{"rendered":"https:\/\/dongtam.mywebico.com\/?p=14711"},"modified":"2020-10-28T23:45:47","modified_gmt":"2020-10-28T16:45:47","slug":"doing-business-is-getting-easier-in-vietnam-yet-still-not-easy-enough","status":"publish","type":"post","link":"https:\/\/dongtam.com.vn\/en\/doing-business-is-getting-easier-in-vietnam-yet-still-not-easy-enough\/","title":{"rendered":"Doing business is getting easier in Vietnam, yet still not easy enough"},"content":{"rendered":"<\/p>\n<div class=\"post-content\">\n<div align=\"justify\">The country has been ranked 90th by the World Bank this year, moving up three spots<\/div>\n<div style=\"text-align: center\">\u00a0<img decoding=\"async\" src=\"https:\/\/dongtam.com.vn\/wp-content\/uploads\/2020\/10\/taxpayment-kepm.jpg\" style=\"width: 500px;height: 375px\" title=\"taxpayment-kepm\" alt=\"\"><br \/> Taxpayers submit papers at Hanoi&#8217;s tax office. Photo: Ngoc Thang<\/div>\n<div align=\"justify\">Vietnam moved three places to the 90th position out of 189 economies in the World Bank&#8217;s Doing Business report released Wednesday.<\/p>\n<p> The country&#8217;s score on a scale of 0-100 increased from 60.35 to 62.1, indicating an improved environment for businesses, according to the report.<\/p>\n<p> Vietnam&#8217;s ease of doing business was above the average of the East Asia-Pacific regional, and better than some of other neighboring economies such as the Philippines, Indonesia and Laos, which were ranked 103rd, 109th and 134th.<\/p>\n<p> However, it was far behind Malaysia and Thailand, at 18th and 49th respectively.<\/p>\n<p> Singapore topped the ranking again, followed by New Zealand and Denmark.<\/p>\n<p> Below average<\/p>\n<p> Despite the improvement, Vietnam performed below the regional averages in six out of 10 areas which the World Bank based on to rank an economy.<\/p>\n<p> The country, for instance, was ranked 119th when it came to starting a business, while the region&#8217;s average position was 103.<\/p>\n<p> It took a business 10 procedures and 20 days to set up in Vietnam, according to the report, estimating establishment costs at roughly VND1.9-2.1 million (US$84-93).<\/p>\n<p> In terms of paying taxes, Vietnam was far below other economies in the East Asia-Pacific, ranked 168th compared to the average position of 84.<\/p>\n<p> Companies made 30 tax payments on average a year in Vietnam and it took them 770 hours to file, prepare and pay taxes, the World Bank said.<\/p>\n<p> A company could spend 39.4 percent of its profit paying all regulatory taxes, including income tax and value added tax.<\/p>\n<p> The report also showed Vietnam&#8217;s below average performance when it came to getting electricity, protecting minority investors, trading across borders, and resolving insolvency.<\/p>\n<p> <i><b>Thanhniennews.com<\/b><\/i><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The country has been ranked 90th by the World Bank this year, moving up three spots \u00a0 Taxpayers submit papers at Hanoi&#8217;s tax office. Photo: Ngoc Thang Vietnam moved three places to the 90th position out of 189 economies in the World Bank&#8217;s Doing Business report released Wednesday. The country&#8217;s score on a scale of [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":14292,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[734],"tags":[],"class_list":["post-14711","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/dongtam.com.vn\/en\/wp-json\/wp\/v2\/posts\/14711"}],"collection":[{"href":"https:\/\/dongtam.com.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dongtam.com.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dongtam.com.vn\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/dongtam.com.vn\/en\/wp-json\/wp\/v2\/comments?post=14711"}],"version-history":[{"count":1,"href":"https:\/\/dongtam.com.vn\/en\/wp-json\/wp\/v2\/posts\/14711\/revisions"}],"predecessor-version":[{"id":15159,"href":"https:\/\/dongtam.com.vn\/en\/wp-json\/wp\/v2\/posts\/14711\/revisions\/15159"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dongtam.com.vn\/en\/wp-json\/wp\/v2\/media\/14292"}],"wp:attachment":[{"href":"https:\/\/dongtam.com.vn\/en\/wp-json\/wp\/v2\/media?parent=14711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dongtam.com.vn\/en\/wp-json\/wp\/v2\/categories?post=14711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dongtam.com.vn\/en\/wp-json\/wp\/v2\/tags?post=14711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}