CATEGORIES

© Copyright 2004; Hanoitimes - Economic and Urban Newspaper;

The tribune of Hanoi People’s Committee

Publication Permit: 29/GP-CBC

Editor - in - Chief: Nguyen Thanh Loi

Managing Editor: Ta Thu Giang

Email : thugiang@hanoitimes.vn

Head Office: 21 Huynh Thuc Khang Street, Dong Da District, Hanoi

Branch Office: 221 Tran Phu Street, Ha Dong District, Hanoi

WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Industry
Vietnam’s rank of Getting Electricity up 32 places
Ngoc Thuy 16:12, 2017/11/02
According to the Doing Business Report 2018 of the World Bank, the indicator of getting electricity of Vietnam in 2017 is 78.69 scores out of 100, up 32 places compared to the last year’s rank at 64th. This is the highest improvement of Vietnam since 2013 to present.
Doing Business 2018 is the 15th in a series of annual reports investigating the regulations that enhance business activity and those that constrain it. Doing Business presents quantitative indicators on business regulation and the protection of property rights that can be compared across 190 economies, in which includes the indicator of Getting Electricity. As such, the indicator of Getting Electricity of Vietnam in 2017 is 78.69 scores out of 100, up 32 places compared to the last year’s rank at 64th. This is the highest improvement of Vietnam since 2013 to present and the highest growth rate in this indicator among ASEAN countries. 
The indicator of Getting Electricity of Vietnam in 2017 is 78.69 scores out of 100, up 32 places compared to the last year’s rank at 64th.
The indicator of Getting Electricity of Vietnam in 2017 is 78.69 scores out of 100, up 32 places compared to the last year’s rank at 64th.
With this result, the indicator of Getting Electricity of Vietnam has exceed the target rannk stipualated in Resolution 19-2017/NQ-CP dated February 6, 2017 of the government on continuing with objectives and solutions to improve the business environment and enhancing national competitiveness 2017, with vision to 2020 (the target rank for Getting Electricity in 2017 is 70th). 

Getting Electricity is one of 5 indicators evaluated by Doing Business, which are considered to have significantly contributed to the positive review of Vietnam’s economy, which up 14 places in business environment compared to in 2016. With the increase of 6.46 points compared to 2016, Getting electricity is the second best indicator among the most improved indicators (after Paying Taxes) in compared with other indicators in the report. 

This is the fourth consecutive year that the indicator of Getting Electricity of Vietnam being improved, and the second year Doing Business gave positive review for the Vietnam’s government effort in reform. After 4 years of implementing reforms in combining with consistent measures in Getting Electricity, Vietnam has gradually improved its ranking, from 156th in 2013 to 64 in 2017 (up 92 places). 

According to Doing Business Report, the indicator of Getting Electricity of Vietnam is even higher than some countries with higher economic development such as China (98th), Canada (105th), Mexico (92nd), Israel (77th), Hungary (110th), Rumania (147th), Ukraina (128th). With this being said, sub-indicators in Getting Electricity of Vietnam compared to members of Organization for Economic Cooperation and Development (OECD) is equivalent, while the processing time is significant lower (Vietnam: 46 days, Asia – Pacific: 71.6 days, OECD: 79.1 days).

With regard to the reliability of supply and transparency of tariffs index, Vietnam is evaluated at 6 points out of 8, up 3 points compared to 2016. This index has been improved significantly in recent years, showing the acknowledgement of Doing Business for the effort of Vietnam Electricity (EVN) in improving quality services to customers. Evidently, EVN has put up effort in reforming the electricity field, from enhancing efficiency in operation management, applying technologies to provide better services in the direction of simplification and more convenience for customers. 

At the end of 2017, 100% services provided by EVN can be registered online, which is one of the EVN’s effort in improving service quality, building trust among customers and improving the economy’s competitiveness, with the ultimate goal of better serving customers’ demands. 
Comments
Other news
22:38, 2025/01/11
AEON Vietnam opens another department store in Hanoi
Vietnam remains AEON's second most important market in its medium- and long-term strategic plans.
22:32, 2025/01/09
Support measures to strengthen Hanoi's small businesses and local industries
In 2025, the geopolitical and economic landscape is expected to remain complex, affecting production, investment and trade activities.
17:17, 2025/01/08
European companies endorse Vietnam as investment destination
A large number of European companies foresee an improvement in the macroeconomic outlook for Vietnam in the first quarter of 2025.
10:47, 2025/01/08
Hanoi's flower market flourishes ahead of Tet 2025
The city is working to promote the sale of flowers and ornamental plants during Tet.
22:26, 2025/01/07
All-time high for Vietnamese FDI in 2024
In 2024, Vietnam's foreign direct investment (FDI) primarily targets high-value sectors such as electronics and green technology.
20:26, 2025/01/07
Mechanisms matter to promote energy efficiency in Vietnam's industrial sectors
Vietnam has pursued solutions to enhance energy efficiency in high-energy-consuming industries through an $11.3 million project running from March 2022 to January 2026.