2012年-世界发展银行全球_Doing_Business_Economy_Profile_2012___Vietnam_104页_2mb

Summary of Doing Business 2012: Vietnam

Core Content

The Doing Business 2012 report provides a comprehensive analysis of the business environment in Vietnam, focusing on the ease of doing business and regulatory reforms. It measures and tracks changes in regulations affecting 10 areas in the life cycle of a business: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts, and resolving insolvency. The report also includes comparative data from other economies to help assess Vietnam's performance.

Main Points

• Ease of Doing Business Index: Vietnam ranked 98th out of 183 economies in 2012, a decline of 8 positions from 2011. The index is calculated based on the simple average of percentile rankings across 10 business-related topics.
• Key Indicators:
  • Starting a Business: Vietnam required 9 procedures, taking 44 days, costing 10.6% of income per capita, and had a paid-in minimum capital of 0.0%.
  • Dealing with Construction Permits: Required 10 procedures, taking 200 days, and costing 109.0% of income per capita.
  • Getting Electricity: Required 5 procedures, taking 142 days, and costing 1343.0% of income per capita.
  • Registering Property: Required 4 procedures, taking 57 days, and costing 0.6% of property value.
  • Getting Credit: Vietnam ranked 24th, with a strength of legal rights index of 8 and a depth of credit information index of 5.
  • Protecting Investors: Vietnam ranked 166th, with a strength of investor protection index of 3.0.
  • Paying Taxes: Vietnam ranked 151st, requiring 32 payments and taking 941 hours per year.
  • Trading Across Borders: Vietnam ranked 68th, requiring 6 documents for exports and 8 for imports, taking 22 days to export and 21 days to import.
  • Enforcing Contracts: Vietnam ranked 30th, taking 295 days to enforce a contract and costing 28.5% of the claim.
  • Resolving Insolvency: Vietnam ranked 142nd, taking 5.0 years and costing 15% of the estate.

Comparative Analysis

Vietnam's performance is compared with other economies, including:

• Indonesia: Ranked lower in most indicators.
• Lao PDR: Generally worse than Vietnam in procedures, time, and cost.
• Malaysia: Better in several areas like getting credit and paying taxes.
• Philippines: Similar to Vietnam in some indicators but worse in others.
• Thailand: Generally better than Vietnam in most areas.
• Timor-Leste: Worse than Vietnam in most indicators.
• Best Performers: New Zealand, Singapore, and Luxembourg are noted for their superior performance in various indicators.

Key Reforms in Vietnam

• DB2011: Vietnam introduced a one-stop shop for business licenses and tax licenses, and eliminated the requirement for a company seal.
• DB2010 and DB2009: No significant reforms were recorded.
• DB2004-2008: No reforms were recorded, as per the Doing Business reports.

Methodology and Limitations

• The report uses standardized assumptions for data collection, including a limited liability company in the largest business city (Ho Chi Minh City).
• The methodology does not cover all aspects of the business environment, such as proximity to large markets, infrastructure quality, or macroeconomic conditions.
• The distance to frontier measure is introduced to assess how far an economy is from the most efficient practices in each area.

Conclusion

Vietnam has made some progress in improving its business environment, particularly in the area of starting a business, but still lags behind many other economies in terms of procedures, time, and cost. The report highlights the importance of continued regulatory reform to enhance the ease of doing business and attract investment.