The Government's relentless efforts, flexibility in policy management and contributions from businesses have helped Vietnam achieve many remarkable achievements, recognized by the international community through prestigious rankings.
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A huge leap in international rankings
After more than two years of coping with the negative impacts caused by the Covid-19 pandemic, businesses continue to face many difficulties due to unpredictable fluctuations globally, especially rising costs and declining demand from major partner markets. Domestically, purchasing power has also increased slowly and business confidence has tended to decline, production and business have been difficult, affecting the economy in general. To cope with this situation, the Government has implemented many flexible and drastic policies and solutions to restore and develop the economy. Thanks to such efforts, the macro economy has been stable, inflation has been controlled, and major balances of the economy have been ensured. The main goals and tasks for 2024 have been basically completed, with some results exceeding the set targets, such as labor productivity and economic growth targets (expected for the whole year at about 7%, a high level compared to the region and the world).
International organizations have highly appreciated the achievements and upgraded Vietnam's competitiveness in 2024, with strong improvements recorded in important international indicators. According to the United Nations E-Government Survey Report 2024, Vietnam's E-Government Development Index was ranked 71/193, up 15 places compared to the previous ranking (from 86th in 2022). This result far exceeded the target set by the Government (up 5 places by 2025). This achievement is built on the foundation of strong administrative reform, especially the deployment of online public services, promoting the application of information technology in state management and providing public services to the people.
In addition, the Heritage Foundation's 2024 Economic Freedom Index ranked Vietnam 59th out of 184 countries globally (and 11th out of 39 countries in the Asia-Pacific region). With a score of 62.8, Vietnam's economic freedom score is currently higher than the world and regional average.
In particular, according to the Global Innovation Index (GII) 2024 report of the World Intellectual Property Organization (WIPO), Vietnam is ranked 44/133 countries and economies, up 2 places compared to 2023. Vietnam continues to improve its innovation input ranking by 4 places compared to 2023, from 57th to 53rd; Innovation output increased by 4 places compared to 2023, from 40th to 36th. Vietnam is recognized by WIPO as one of the 8 middle-income countries with the most improved rankings since 2013; and is also one of the three countries holding the record for outstanding achievements compared to the level of development when for 14 consecutive years, Vietnam has always had higher innovation results compared to the level of development.
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Overcome challenges, keep moving forward
Vietnam is also a bright spot in the implementation of sustainable development (SDGs). Globally, Vietnam's ranking in terms of SDGs implementation results has continuously increased in the period 2016 - 2024, according to the United Nations' annual SDGs index rankings. Specifically, Vietnam has increased from 88/149 countries in 2016 to 54/166 countries ranked in 2024. In terms of scores, in 2024, Vietnam's sustainable development index will reach 73.32 points, higher than the global average and ranked 2nd in Southeast Asia. This demonstrates the Government's commitment to implementing SDGs goals, from poverty reduction, improving education quality to environmental protection.
In addition, in terms of the Cybersecurity Index (according to the Global Cybersecurity Index (GCI) ranking of the International Telecommunication Union ITU), Vietnam is one of 46 countries ranked in Group 1 (or Tier 1, with a score of 95 - 100, the highest of the 5 ranking levels. This level applies to "exemplary" countries, demonstrating strong commitment in all five pillars of cybersecurity) in 2024.
In addition to its achievements, Vietnam still faces a number of limitations, especially in the context of a volatile world economy. Notably, in 2024, some of Vietnam's rankings will decrease. For example, the Tourism Development Capacity Index assessed by the World Economic Forum (WEF) ranked only 59th, down 3 places compared to the previous ranking year (2021). Similarly, the Property Rights Index (according to the IPRI International Property Rights Index ranking of the Property Rights Alliance) ranked 85th, down 1 place compared to 2023, at risk of not achieving the set target (the Government's target for 2025 is that the IPRI index will increase by at least 2 places)... These are issues that need to be focused on for strong reform in the coming time.
Vietnam’s remarkable progress in 2024 is a testament to the efforts of the Government, business community, people and society as a whole. However, it is forecasted that in 2025, the global economy will continue to face intertwined difficulties and opportunities, requiring relentless efforts and greater determination to continue moving forward.
In particular, improving the business environment continues to be a key task to strengthen confidence and create new motivation for businesses. It is expected that the Resolution on key tasks and solutions to improve the business environment and enhance national competitiveness by 2025 (Resolution 02) issued by the Government in the next few days will set out very specific goals, including improving international index rankings, removing bottlenecks in legal institutions and strongly improving the investment environment... Maintaining and improving the existing position will continue to be an important task. The achievements will not only be a testament to the consensus of the entire economy but also a driving force for Vietnam to go further, ready for the Era of Rising and becoming a model in the Southeast Asian region for innovation and sustainable development.
Source: https://thoibaonganhang.vn/ky-vong-tu-nhung-thay-doi-tich-cuc-159385.html
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