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VCT Netherlands

89 Laan van Meerdervoort,
2517 AT, The Hague,
The Netherlands

T: +31.70.388 59 65

F: +31.70.388 59 64

E: info@vietnamconsult.nl

W: http://vietnamconsult.nl/

VCT Vietnam

No. 26/55 Do Quang str,
Cau Giay dist, Hanoi

T: +84.24.3.553 54 86

F: +84.24.3.553 94 24

E: hanoi@vctvietnam.com

W: www.vctvietnam.com

Vietnam 55th/137 - Global Competitiveness Index 2017-2018

With a relatively modest increase in its overall score, Vietnam (55th) moves up five places to narrowly surpass the Philippines (56th). Vietnam’s competitiveness is significantly driven by its market size (31st). Although the withdrawal of the United States from the Trans-Pacific Partnership (TPP) earlier in 2017 eliminated significant trade opportunities, the country’s growth is nonetheless projected to remain robust from strong exports.8 Significant improvements are necessary across all pillars, notably among the basic requirement factors (75th) and higher education (84th), as firms perceive that the lack of an educated workforce constitute a significant hurdle for doing business. Vietnam could also boost its competitiveness by closing gaps in innovation and sophistication factors with countries at a similar stage of development, such as the Philippines.

Source: World Economic Forum