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VietNamNews

VN ranks in ‘dynamism' study

Update: September, 30/2013 - 09:34

A study by Grant Thornton has ranked Viet Nam 27th out of 60 countries in terms of "dynamism."— Photo vccinews

HCM CITY (VNS) — A study by Grant Thornton has ranked Viet Nam 27th out of 60 countries in terms of "dynamism."

The Global Dynamism Index, based on five drivers of an economy's dynamism, gave the country a score of 54 per cent. This compares with 66.5 per cent for Australia, 62.7 per cent for China, 59.5 per cent for Malaysia and South Korea, 56.4 per cent for Thailand and 51.2 per cent for Indonesia.

"The ratings go well beyond basic GDP data," Grant Thornton CEO Ed Nusbaum said.

"Five areas were identified as holding the key drivers to an economy's dynamism: business operating environment, science and technology, labour and human capital, economics and growth, and the financing environment. Within these groups, there were 22 key data points that were analysed."

Viet Nam was at seventh globally in the economics and growth potential category.

What affected its overall scores were the business operating environment (down 5 places to 47th), and science and technology (down 3 places to 44th), and it is in these areas that government and management need to improve to build on Viet Nam's current standing in the world. — VNS

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