Vietnam recorded 80.32 points out of 100 in financial services, ranking fifth among 30 economies in Asia and 15th globally, according to the World Bank’s Business Ready 2025 report released recently.
The Financial Services topic measures four areas—Commercial Lending; Secured Transactions; e—Payments; and Credit Information—across three different dimensions, referred to as pillars.
The first pillar assesses the effectiveness of regulation pertaining to commercial lending, secured transactions, and e—payments, covering de jure features of regulatory frameworks. In this pillar, Vietnam increased by 34 points this year to reach 75.4 points out of 100, ranking 49th out of 101 globally.
The second pillar measures the accessibility of information in credit infrastructure by evaluating the operation of credit bureaus and registries and the operation of collateral registries. Thus, the second pillar assesses de facto and some de jure aspects of financial services. In this pillar, Vietnam gained 85.33 points, up 46.17 points compared to last year, ranking 16th globalling.
The third pillar measures the operational efficiency of obtaining a loan; registering a security interest as well as the timeliness of credit information sharing; and e—payments usage and their efficiency. In this pillar, Vietnam achieved 80.23 points, ranking 18th globally.
The B-Ready assessment, which replaces the previous Doing Business report, evaluates economies across three pillars: regulatory framework, public services and operational efficiency. These pillars encompass 10 topics covering the complete business life cycle from establishment through operation to closure or reorganisation.
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