Vietnam’s Competitiveness Assessment 2011:
Institution
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The World Economic Forum (WEF)'s Global Competitiveness Report (GCI) is an annual report published by the World Economic Forum since 1979. The 2011-2012 report covers 142 major and emerging economies. The Global Competitiveness Index measures the set of institutions, policies, and factors that set the sustainable current and medium-term levels of economic prosperity, depending on how productively a country uses available resources. Vietnam: Institutions Rankings
GCI Report Comments on Vietnam for
2011-2012: institutions
"In order to further improve its competitiveness, Vietnam must also continue to strengthen its institutional environment. Regulation is perceived as burden- some (113rd), with the number of procedures (9, 94th) and time (44 days, 119th) required to start a business making this a cumbersome process. In addition, there are concerns regarding the level of intellectual property protection (127th) and, to a lesser extent, the respect of property rights (98th)" More detailed analysis of the report: The
Global Competitiveness Index measures the set of institutions,
policies, and factors that set the sustainable current and medium-term
levels of economic prosperity, depending on how productively a country
uses available resources.
Vietnam: Institutions Property rights, Intellectual property protection, Irregular payments and bribes, Favoritism in decisions of government officials, Wastefulness of government spending, Burden of government regulation, Efficiency of legal framework in settling disputes, Transparency of government policymaking, Business costs of terrorism, Business costs of crime and violence, Strength of investor protection Vietnam: Infrastructure & Technological readiness Quality of overall infrastructure (road, port, airport), Quality of electricity supply, Fixed telephone lines/100 pop, Mobile telephone subscriptions, Availability of latest technologies, DI and technology transfer, Internet users, Broadband Internet subscriptions, Internet bandwidth Vietnam: Inflation annual % change Vietnam: Education and Training Quality of primary education, Primary education enrollment, Secondary education enrollment, Quality of the educational system, Quality of math and science education, Quality of management schools, Internet access in schools, Availability of research and training services, Extent of staff training Vietnam: Goods market efficiency Intensity of local competition, Extent of market dominance, Extent and effect of taxation, Total tax rate, No. procedures and days to start a business, Business impact of rules on FDI, Buyer sophistication Vietnam: Labor market efficiency Cooperation in labor-employer relations, Rigidity of employment, Brain drain Vietnam: Market size Domestic market size, Foreign market size Vietnam: Business sophistication & Innovation Local supplier quantity, Local supplier quality, State of cluster development, Extent of marketing. Capacity for innovation, Quality of scientific research institutions, vailability of scientists and engineers |
