Vietnam rises 22 places in WB’s “getting electricity” ranking
Vietnam moved up 22 places from 2014 to rank 108th in “getting electricity” this year, according to the World Bank (WB)’s “Doing Business 2016” report that collected data from 189 economies worldwide
Vietnam moved up 22 places from 2014 to rank 108th in “getting electricity” this year, according to the World Bank (WB)’s “Doing Business 2016” report that collected data from 189 economies worldwide.
“Doing Business 2016” is the 13th in a series of annual reports that measure aspects of regulations affecting 10 areas of the life of a business: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, and resolving insolvency.
The “getting electricity” indicator measures the efficiency of the process of obtaining an electrical connection for a standardised warehouse. This is reflected in the procedures, time and costs required.
Vietnam’s “getting electricity” ranking made the biggest improvement among categories, Electricity Vietnam (EVN) said, adding that the report named Vietnam among 19 countries that have made it easier to access electricity.
EVN’s efforts this year greatly contributed to the success. It cut the number of days required for customers to get power access from 18 to 10 days.
Customers are now able to file an application for power access and track its progress on the State-owned firm’s official website, where all necessary information and application requirements are also available.-VNA
The Electricity of Vietnam (EVN) will reduce installation times for customers to access the medium-voltage transmission network from 18 to 10 business days.
The new power tariffs will not raise prices for households while increasing revenue for the sector, an official of the Electricity of Vietnam (EVN) said.
Electricity of Vietnam (EVN) is accelerate the pace of key power plant projects in October, including the 500kV Son La-Lai Chau line, 220kV Phan Thiet-Phu My 2 and Thuong Tin- Kim Dong lines.
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.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Illustrative image (Photo: VNA) 
