Viet Nam jumped 3 notches in the latest World Bank survey that ranks economies worldwide by measuring their business environment, thanks to several reforms making it easier to do business in the Southeast Asian country.

Viet Nam was ranked 90^th out of 189 economies measured in the “Doing Business 2016: Measuring Regulatory Quality and Efficiency” report, the 13^th edition of the World Bank’s flagship publication.

Taxpayers are seen at a tax office in Ho Chi Minh City. Tuoi Tre

The Doing Business 2016 report measures regulations affecting 10 areas of the life of a business, including starting a business, dealing with construction permits, getting electricity, registering property, accessing credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency, according to the World Bank.

The World Bank said Viet Nam has conducted many reforms in the fields of starting a business, getting credit and electricity, paying taxes and resolving insolvency, which all made it easier to do business in the country.

(Source: Tuoitrenews)