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Viet Nam improves global rank in licence procedures

Update: January, 11/2014 - 09:00

HA NOI (VNS)— Viet Nam has been ranked 28th among 185 countries for its licensing procedures for the construction industry in 2013, and represents a jump of 39 places from the previous year.

According to the World Bank's report on 11 indices evaluating the business environment in Viet Nam, the construction industry licensing procedure is one of only two indices that showed an increase. The other nice indices evaluating the business environment declined.

The Ministry of Construction noted that, in 2013, the number of unlicensed constructions reduced sharply by 9 per cent compared with 4 per cent in 2012. It said localities had rushed to seek official approval on new regulations for the construction industry that would provide a more effective base for granting licences.— VNS

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