Part of the Enabling Trade Index ranking (Photo: weforum.org)
Hanoi (VNA) –The Enabling TradeIndex of Vietnam climbs 14 ranks to 73rd worldwide, according to theWorld Economic Forum’s Global Enabling Trade Report 2016.
The better ranking is mostly attributableto improvements in border administration, with improved customs efficiency andreduced times for documentary and border compliance forboth importing and exporting.
These changes reflect the government’sefforts to optimise border procedures and reduce the burden of inspections bymultiple agencies.
There is still a long way for the countryto go and rise to international standards, the report said, adding that Vietnamhas boosted access to its domestic this year.
Thanks to a lower average tariff, Vietnam’spossibility to enter foreign markets has also improved.
Infrastructure performance has been uneven,with improvements in transport infrastructure and a deterioration of services.
Meanwhile, stronger protection of propertyrights and increased efficiency of public institutions has contributedsignificantly to the enhancement of the local operating environment.
Singapore is the top best performer of theindex, followed by the Netherlands and Hong Kong (China).
The Global Enabling Trade Report series hasbeen published since 2008, initially on an annual basis, and biennially since2010. The assessment has been based on the Enabling Trade Index, which assesses136 economies across the globe and their capacity in terms of institutions,policies, infrastructures and services to facilitate the free flow of goods.-VNA
Executive Director of the World Economic Forum Philipp Rosler agreed with Prime Minister Nguyen Tan Dung’s proposal to communicate Vietnam’s image to the world at WEF forums during their meeting in Hanoi on July 22.
An ASEAN regional business council (RBC) gathering 55 leaders of big enterprises is set to make debut at the World Economic Forum on the Mekong Region (WEF-Mekong) in Hanoi.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Part of the Enabling Trade Index ranking (Photo: weforum.org) 
