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Vietnam’s Competitiveness in Goods & Labor Markets



WEF's Global Competitiveness Report (GCI) for Vietnam:

Rankings for goods market efficiency, labor market efficiency, market size
Business sophistication and Innovation


Vietnam
Thailand
Cambodia
Goods market efficiency



Intensity of local competition 62
52
88
Extent of market dominance 57
83
54
Extent and effect of taxation 61
50
43
Total tax rate, % profits 46
63
15
No. procedures to start a business 94
65
94
No. days to start a business 119
103
134
Trade tariffs, % duty 86
77
124
Business impact of rules on FDI 86
38
40
Burden of customs procedures 112
82
91
Buyer sophistication 69
41
39
Labor market efficiency


Cooperation in labor-employer relations 50
35
75
Rigidity of employment index, 0–100 (worst) 52
27
93
Reliance on professional management 95
62
77
Brain drain 81
41
45
Market size


Domestic market size 1–7 (best) 38
23
95
Foreign market size 1–7 (best) 26
16
87
Business sophistication


Local supplier quantity 32
24
130
Local supplier quality 92
47
115
State of cluster development 14
36
51
Production process sophistication 108
61
102
Extent of marketing 83
48
89
Innovation


Capacity for innovation 58
56
85
Quality of scientific research institutions 74
59
88
Company spending on R&D 52
68
64
University-industry collaboration in R&D 82
39
88
Availability of scientists and engineers 66
49
116
(Source: www.weforum.org; table by: Business-in-Asia.com)

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.




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






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