Vietnam increased by 10 places in terms of competitiveness

According to the "Global Competitiveness Report 2019", the World Economic Forum (WEF) assessed Vietnam as the 67th most competitive economy in the world in 2019, strongly attracting domestic investment apart from being a regional commercial center.


The WEF report is published annually, since 1979. The WEF ranks economies through 103 criteria divided into 12 pillars. These pillars are divided into four main groups, including Favorable Environment, Markets, Human Resources and Innovative Breakthrough Ecosystems.


WEF ranked Vietnam as the 67th most competitive economy in the world in 2019, with 61.5 points - increasing by 10 steps and increasing by 3.5 points compared to 2018. WEF considers that Vietnam is strongly attracting foreign investment to become a regional trade center.


In terms of market size, Vietnam is ranked quite high, ranking 26/141 ranked countries. The remaining indicators range from 41 to 93.


Vietnam is rated as one of the lowest terrorist risk groups in the world and the world's most stable inflation. Both of these categories Vietnam achieved a full score of 100 points.


Among the 12 pillars of WEF, Vietnam was rated the highest in the Health pillar, with 81 points, ranked 71st. The lowest was Creative Capacity, only 37 points, ranked 76th.


Vietnam is considered the country with the highest increase in the world this year.


According to Dinh Vu