WB Country Director talks about VN’s competitiveness
19:49 | 07/09/2012
VGP -  The World Economic Forum’s latest Global Competitiveness Report used statistics in 2011, leading to Viet Nam’s dropping of 10 notches from last year in its annual ranking of financial and business environment, according to Director of the World Bank (WB) in Viet Nam, Ms. Victoria Kwa Kwa.

Director of the World Bank in Viet Nam, Ms. Victoria Kwa Kwa

Interviewed by VTV, Ms. Victoria Kwa Kwa said that the use of the statistics in 2011, when Viet Nam’s inflation rate hit the double-digit figure and its macro issues saw not many positive changes, for the current report resulted in Viet Nam’s lower rankings.
Since 2011, the Vietnamese Government has succeeded in improving macroeconomic situation, curbing inflation at one-digit figure, and making macro issues much better, according to the WB.
However, the WB official also said that Viet Nam should continue improving infrastructure, especially ports and quality of working forces, and reforming many fields, including state-owned enterprises and banks.
According to the Global Competitiveness Report 2011-2012, Viet Nam has been ranked 75th out of 144 nations and territories.
By Ngoc Van
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