Vietnam most promoted in EIU's business climate rankings

Illustrative image (Source: VNA)

Hanoi (VNA) - The Economist IntelligenceUnit (EIU), a research and analysis division of the Economist Group of the UK, hasrecently announced the ranking of the global business environment for thesecond quarter of the year, which recognises that Vietnam has the highest rankingamong the targeted economies.

The EIU offers many categories on order to evaluateeconomic management activities over both the previous five years and the nextfive-year prospects of countries and regions, thereby assessing the quality orattractiveness of the business environment in 82 countries and economiesglobally.

The nations that improved the most in the EIU'sranking over the past year included Vietnam, Thailand, Belgium, Sweden, India,and Costa Rica.

Of these, Vietnam is considered to have the greatestmotivation, increasing 12 places in the ranking, while Thailand rose by 10places and India grew by six places.

In the 2023 EIU rankings, Singapore retained itsposition as the world's best place to do business for the 15th consecutive yearand will continue to be the best place to conduct business over the next fiveyears. Canada and Denmark shared the  secondplace.

Meanwhile, the countries that were most significantlydowngraded include China, Bahrain, Chile, and Slovakia. China is the countrywith the deepest drop globally, falling 11 places from a year earlier./.

VNA