HÀ NỘI ( WNAM MONITORING): Việt Nam has emerged as the most improved country for business over the past two decades, according to a recent analysis by the Economist Intelligence Unit (EIU).
The findings, revealed in the EIU’s Business Environment Rankings (BER), highlight Việt Nam’s impressive transformation, driven by significant investments in infrastructure and strategic international trade agreements. The study, covering the period from 2003 to 2023, shows that Việt Nam experienced a 1.7-point rise on the index, marking the largest improvement among 82 countries evaluated.
Key factors behind this rise include Việt Nam’s commitment to liberalising its economy through various free-trade agreements, such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Regional Comprehensive Economic Partnership (RCEP). In addition, the country’s participation in the global China+1 strategy, which seeks to diversify supply chains away from China, has played a critical role in boosting Việt Nam’s attractiveness as a business destination.
